Inspire Investing LLC Sells 1,727 Shares of Perficient, Inc. (NASDAQ:PRFT)

Inspire Investing LLC reduced its position in shares of Perficient, Inc. (NASDAQ:PRFT) by 26.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,692 shares of the digital transformation consultancy’s stock after selling 1,727 shares during the period. Inspire Investing LLC’s holdings in Perficient were worth $351,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Fidelis Capital Partners LLC bought a new stake in Perficient during the 1st quarter valued at $25,000. Parallel Advisors LLC raised its holdings in Perficient by 73.9% during the 4th quarter. Parallel Advisors LLC now owns 527 shares of the digital transformation consultancy’s stock valued at $35,000 after buying an additional 224 shares during the last quarter. GAMMA Investing LLC raised its holdings in Perficient by 156.7% in the 2nd quarter. GAMMA Investing LLC now owns 552 shares of the digital transformation consultancy’s stock worth $41,000 after purchasing an additional 337 shares in the last quarter. CWM LLC raised its holdings in 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 in the last quarter. Finally, Park Place Capital Corp raised its holdings in Perficient by 41.1% in the 1st quarter. Park Place Capital Corp now owns 1,180 shares of the digital transformation consultancy’s stock worth $66,000 after purchasing an additional 344 shares in the last quarter. 95.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Perficient in a report on Friday. They issued a “sell” rating for the company. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $70.43.

Perficient Price Performance

NASDAQ:PRFT opened at $75.50 on Tuesday. The firm’s 50-day moving average price is $75.19 and its 200-day moving average price is $68.30. The company has a market capitalization of $2.65 billion, a PE ratio of 32.26, a P/E/G ratio of 1.90 and a beta of 1.64. The company has a debt-to-equity ratio of 0.70, a current ratio of 4.16 and a quick ratio of 4.16. Perficient, Inc. has a 1-year low of $42.51 and a 1-year high of $75.66.

Perficient (NASDAQ:PRFT) last released its earnings results on Thursday, August 8th. The digital transformation consultancy reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.01). The business had revenue of $222.82 million during the quarter, compared to analysts’ expectations of $223.58 million. Perficient had a return on equity of 18.39% and a net margin of 8.48%. On average, equities analysts predict that Perficient, Inc. will post 3.31 EPS for the current fiscal year.

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.