Lazard Asset Management LLC Purchases 348 Shares of Perficient, Inc. (NASDAQ:PRFT)

Lazard Asset Management LLC increased its position in shares of Perficient, Inc. (NASDAQ:PRFTGet Rating) by 38.4% during the 2nd quarter, Holdings Channel reports. The fund owned 1,254 shares of the digital transformation consultancy’s stock after buying an additional 348 shares during the quarter. Lazard Asset Management LLC’s holdings in Perficient were worth $114,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Horizon Advisors Inc. boosted its stake in Perficient by 151.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 299 shares of the digital transformation consultancy’s stock worth $28,000 after acquiring an additional 180 shares during the last quarter. ACG Wealth acquired a new stake in Perficient during the 2nd quarter worth approximately $39,000. Meeder Asset Management Inc. acquired a new stake in Perficient during the 1st quarter worth approximately $48,000. Venture Visionary Partners LLC acquired a new stake in Perficient during the 2nd quarter worth approximately $40,000. Finally, Parkside Financial Bank & Trust raised its holdings in Perficient by 376.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 457 shares of the digital transformation consultancy’s stock worth $42,000 after buying an additional 361 shares during the period. Institutional investors own 93.76% of the company’s stock.

Perficient Price Performance

NASDAQ PRFT opened at $69.46 on Wednesday. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.03. Perficient, Inc. has a 12-month low of $59.78 and a 12-month high of $141.74. The company has a market capitalization of $2.41 billion, a PE ratio of 30.33, a price-to-earnings-growth ratio of 1.08 and a beta of 1.53. The firm’s 50 day moving average is $66.59 and its 200-day moving average is $82.49.

Analyst Ratings Changes

Several analysts have commented on PRFT shares. TheStreet downgraded shares of Perficient from a “b-” rating to a “c+” rating in a report on Tuesday, November 8th. Needham & Company LLC dropped their target price on shares of Perficient from $120.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, October 27th. Barrington Research dropped their target price on shares of Perficient from $110.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Alliance Global Partners upgraded shares of Perficient from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $100.00 to $85.00 in a report on Tuesday, September 27th. Finally, StockNews.com began coverage on shares of Perficient in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Perficient currently has an average rating of “Moderate Buy” and a consensus price target of $91.63.

About Perficient

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Perficient, Inc provides digital consultancy services and solutions in the United States. The company offers strategy and consulting solutions in the areas of digital and technology strategy, management consulting, 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 portfolio.

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Institutional Ownership by Quarter for Perficient (NASDAQ:PRFT)

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