Perficient, Inc. (NASDAQ:PRFT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Perficient, Inc. (NASDAQ:PRFT – Get Rating) have been given an average recommendation of “Moderate Buy” by the twelve brokerages that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $87.00.

PRFT has been the topic of several recent analyst reports. Morgan Stanley cut their target price on shares of Perficient from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, January 27th. Maxim Group reduced their price objective on Perficient from $107.00 to $93.00 in a research note on Wednesday, March 1st. Barrington Research raised their price objective on Perficient from $80.00 to $85.00 in a research report on Wednesday, March 1st. Needham & Company LLC dropped their target price on Perficient from $95.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, March 1st. Finally, StockNews.com assumed coverage on shares of Perficient in a report on Thursday. They set a “hold” rating for the company.

Insider Buying and Selling

In other news, COO Thomas J. Hogan sold 9,900 shares of the stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $72.23, for a total transaction of $715,077.00. Following the transaction, the chief operating officer now owns 133,852 shares in the company, valued at approximately $9,668,129.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Perficient

A number of large investors have recently bought and sold shares of the business. Brinker Capital Investments LLC boosted its holdings in Perficient by 3.8% during the fourth quarter. Brinker Capital Investments LLC now owns 3,793 shares of the digital transformation consultancy’s stock valued at $265,000 after acquiring an additional 138 shares during the period. State of Alaska Department of Revenue boosted its stake in Perficient by 0.6% during the 4th quarter. State of Alaska Department of Revenue now owns 24,112 shares of the digital transformation consultancy’s stock valued at $1,683,000 after purchasing an additional 155 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Perficient by 1.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 13,795 shares of the digital transformation consultancy’s stock valued at $963,000 after buying an additional 163 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in Perficient by 2.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,627 shares of the digital transformation consultancy’s stock worth $883,000 after buying an additional 199 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Perficient by 4.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,081 shares of the digital transformation consultancy’s stock worth $355,000 after buying an additional 200 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors.

Perficient Stock Down 0.0 %

PRFT stock opened at $68.70 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.98 and a quick ratio of 1.98. The firm has a market capitalization of $2.38 billion, a P/E ratio of 23.69, a P/E/G ratio of 1.11 and a beta of 1.53. Perficient has a 52-week low of $59.78 and a 52-week high of $116.44. The company’s 50 day simple moving average is $74.17 and its 200-day simple moving average is $70.90.

Perficient Company Profile

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Perficient, Inc engages in the provision of digital consultancy services. Its service categories include strategy and consulting, data and intelligence, platforms and technology, customer experience and digital marketing, innovation, and product development, and optimized global delivery. The company was founded in 1998 and is headquartered in St.