Perficient (NASDAQ:PRFT) Sees Large Volume Increase

Perficient, Inc. (NASDAQ:PRFT) shares saw unusually-strong trading volume on Tuesday . Approximately 392,739 shares traded hands during trading, a decline of 12% from the previous session’s volume of 446,131 shares.The stock last traded at $76.00 and had previously closed at $75.48.

Wall Street Analysts Forecast Growth

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

Perficient Price Performance

The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 0.70. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 32.26, a price-to-earnings-growth ratio of 1.96 and a beta of 1.64. The company has a fifty day moving average price of $75.25 and a two-hundred day moving average price of $68.76.

Perficient (NASDAQ:PRFT) last posted its earnings results on Thursday, August 8th. The digital transformation consultancy reported $0.79 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.01). The company had revenue of $222.82 million for the quarter, compared to the consensus estimate of $223.58 million. Perficient had a return on equity of 18.39% and a net margin of 8.48%. As a group, equities research analysts anticipate that Perficient, Inc. will post 3.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Perficient

Several institutional investors have recently bought and sold shares of PRFT. Parallel Advisors LLC raised its position in Perficient by 73.9% in the 4th quarter. Parallel Advisors LLC now owns 527 shares of the digital transformation consultancy’s stock valued at $35,000 after purchasing an additional 224 shares during the last quarter. First National Bank of Omaha raised its position in shares of Perficient by 8.3% during the fourth quarter. First National Bank of Omaha now owns 59,102 shares of the digital transformation consultancy’s stock worth $3,890,000 after acquiring an additional 4,532 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Perficient by 3.8% during the fourth quarter. Schroder Investment Management Group now owns 345,875 shares of the digital transformation consultancy’s stock worth $22,765,000 after acquiring an additional 12,686 shares during the last quarter. Nomura Holdings Inc. raised its position in shares of Perficient by 4.5% during the fourth quarter. Nomura Holdings Inc. now owns 113,240 shares of the digital transformation consultancy’s stock worth $7,453,000 after acquiring an additional 4,891 shares during the last quarter. Finally, Granahan Investment Management LLC raised its position in shares of Perficient by 7.3% during the fourth quarter. Granahan Investment Management LLC now owns 238,712 shares of the digital transformation consultancy’s stock worth $15,712,000 after acquiring an additional 16,234 shares during the last quarter. Institutional investors own 95.00% of the company’s stock.

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.