Creative Planning Has $511,000 Holdings in Perficient, Inc. (NASDAQ:PRFT)

Creative Planning lessened its position in Perficient, Inc. (NASDAQ:PRFT) by 18.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 6,773 shares of the digital transformation consultancy’s stock after selling 1,539 shares during the period. Creative Planning’s holdings in Perficient were worth $511,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC purchased a new position in shares of Perficient during the first quarter valued at approximately $25,000. GAMMA Investing LLC grew its stake in shares of 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 acquiring an additional 337 shares in the last quarter. CWM LLC raised its holdings in shares of Perficient by 67.7% in the second quarter. CWM LLC now owns 577 shares of the digital transformation consultancy’s stock valued at $43,000 after purchasing an additional 233 shares during the last quarter. Longfellow Investment Management Co. LLC bought a new position in shares of Perficient during the second quarter valued at about $74,000. Finally, SG Americas Securities LLC purchased a new position in Perficient during the first quarter worth about $117,000. Institutional investors and hedge funds own 95.00% of the company’s stock.

Perficient Price Performance

PRFT opened at $75.96 on Wednesday. Perficient, Inc. has a twelve month low of $42.51 and a twelve month high of $76.01. The company’s 50-day moving average price is $75.67 and its two-hundred day moving average price is $72.69. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 32.46, a PEG ratio of 2.24 and a beta of 1.63. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 0.70.

Perficient (NASDAQ:PRFT) last released its earnings results on Thursday, August 8th. The digital transformation consultancy reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.01). The firm 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%. As a group, equities analysts expect that Perficient, Inc. will post 2.83 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Perficient in a research note on Wednesday, October 30th. They issued a “sell” rating for the company. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $70.00.

About Perficient

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.