Perficient, Inc. (NASDAQ:PRFT) Shares Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System increased its holdings in shares of Perficient, Inc. (NASDAQ:PRFT) by 2.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,700 shares of the digital transformation consultancy’s stock after buying an additional 500 shares during the quarter. Louisiana State Employees Retirement System owned about 0.05% of Perficient worth $1,324,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in PRFT. Fidelis Capital Partners LLC purchased a new stake in shares of Perficient during the 1st quarter valued at $25,000. GAMMA Investing LLC purchased a new stake in Perficient during the fourth quarter valued at about $28,000. Parallel Advisors LLC grew its position in Perficient by 73.9% during the fourth quarter. Parallel Advisors LLC now owns 527 shares of the digital transformation consultancy’s stock valued at $35,000 after acquiring an additional 224 shares during the period. Principal Securities Inc. acquired a new stake in Perficient during the fourth quarter worth about $41,000. Finally, CWM LLC raised its holdings in shares of Perficient by 67.7% in the 2nd quarter. CWM LLC now owns 577 shares of the digital transformation consultancy’s stock worth $43,000 after purchasing an additional 233 shares during the period. 95.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PRFT. Scotiabank increased their target price on shares of Perficient from $50.00 to $76.00 and gave the stock a “sector perform” rating in a research report on Monday, May 6th. Barrington Research reissued a “market perform” rating on shares of Perficient in a research report on Tuesday, May 7th. William Blair restated a “market perform” rating on shares of Perficient in a report on Monday, May 6th. JPMorgan Chase & Co. decreased their price target on shares of Perficient from $71.00 to $59.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Finally, Maxim Group reissued a “hold” rating and issued a $76.00 price objective on shares of Perficient in a research report on Tuesday, May 7th. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, Perficient has a consensus rating of “Hold” and an average target price of $70.43.

Perficient Stock Performance

NASDAQ:PRFT opened at $75.14 on Monday. The firm has a 50-day moving average of $74.92 and a two-hundred day moving average of $67.15. The company has a debt-to-equity ratio of 0.70, a current ratio of 4.16 and a quick ratio of 4.16. The stock has a market cap of $2.64 billion, a P/E ratio of 32.11, a PEG ratio of 1.89 and a beta of 1.62. Perficient, Inc. has a 1-year low of $42.51 and a 1-year high of $75.50.

Perficient Company Profile

Perficient, Inc provides digital consultancy services and solutions in the United States and internationally. It offers strategy and transformation solutions in digital strategy, technology strategy, business velocity and growth, and organizational change management; and data and intelligence solutions in the areas of analytics, artificial intelligence and machine learning, big data, business intelligence, and custom product portfolios.