Perficient, Inc. (NASDAQ:PRFT) Shares Acquired by Inspire Investing LLC

Inspire Investing LLC lifted its holdings in shares of Perficient, Inc. (NASDAQ:PRFT) by 15.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,439 shares of the digital transformation consultancy’s stock after acquiring an additional 747 shares during the period. Inspire Investing LLC’s holdings in Perficient were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Nisa Investment Advisors LLC boosted its position in shares of Perficient by 9.4% during the second quarter. Nisa Investment Advisors LLC now owns 1,913 shares of the digital transformation consultancy’s stock worth $143,000 after buying an additional 165 shares during the period. Texas Permanent School Fund Corp lifted its position in Perficient by 0.6% in the second quarter. Texas Permanent School Fund Corp now owns 30,613 shares of the digital transformation consultancy’s stock worth $2,290,000 after purchasing an additional 181 shares during the period. Arizona State Retirement System lifted its position in Perficient by 2.4% in the second quarter. Arizona State Retirement System now owns 9,786 shares of the digital transformation consultancy’s stock worth $732,000 after purchasing an additional 230 shares during the period. CWM LLC lifted 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 period. Finally, Envestnet Portfolio Solutions Inc. lifted its position in Perficient by 4.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 7,433 shares of the digital transformation consultancy’s stock worth $418,000 after purchasing an additional 300 shares during the period. 95.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Perficient in a research report on Monday, October 14th. They issued a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $70.43.

Perficient Price Performance

NASDAQ PRFT opened at $75.96 on Friday. The stock has a market capitalization of $2.67 billion, a P/E ratio of 32.46, a P/E/G ratio of 2.24 and a beta of 1.63. Perficient, Inc. has a 1 year low of $42.51 and a 1 year high of $76.01. The business’s fifty day moving average is $75.47 and its two-hundred day moving average is $70.42. The company has a debt-to-equity ratio of 0.70, a quick ratio of 4.16 and a current ratio of 4.16.

Perficient (NASDAQ:PRFT) last posted its quarterly earnings results on Thursday, August 8th. The digital transformation consultancy reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.01). The company had revenue of $222.82 million during the quarter, compared to the consensus estimate of $223.58 million. Perficient had a net margin of 8.48% and a return on equity of 18.39%. On average, research analysts forecast that Perficient, Inc. will post 2.83 earnings per share for the current fiscal year.

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.