Crossmark Global Holdings Inc. Acquires Shares of 2,687 Perficient, Inc. (NASDAQ:PRFT)

Crossmark Global Holdings Inc. bought a new position in Perficient, Inc. (NASDAQ:PRFT) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,687 shares of the digital transformation consultancy’s stock, valued at approximately $203,000.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake 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 acquiring an additional 337 shares during the last quarter. CWM LLC increased its position in Perficient by 67.7% in the second 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 last quarter. Longfellow Investment Management Co. LLC purchased a new stake in Perficient during the second quarter valued at $74,000. SG Americas Securities LLC bought a new position in Perficient during the first quarter valued at $117,000. Finally, Hantz Financial Services Inc. bought a new stake in shares of Perficient in the 2nd quarter worth about $138,000. 95.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Perficient in a report on Friday. They issued a “sell” rating for the company. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat, Perficient currently has an average rating of “Hold” and a consensus price target of $70.00.

Perficient Price Performance

Perficient stock opened at $75.96 on Tuesday. The firm has a market capitalization of $2.67 billion, a PE ratio of 32.46, a price-to-earnings-growth ratio of 2.24 and a beta of 1.63. Perficient, Inc. has a 12-month low of $42.51 and a 12-month high of $76.01. The firm has a 50-day moving average price of $75.82 and a 200-day moving average price of $74.85. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 0.70.

Perficient 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.