Perficient (NASDAQ:PRFT) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Perficient (NASDAQ:PRFT) in a report issued on Friday. The brokerage set a “sell” rating on the digital transformation consultancy’s stock.

Perficient Price Performance

Perficient stock opened at $75.96 on Friday. The company has a market capitalization of $2.67 billion, a P/E ratio of 32.46, a PEG ratio of 2.24 and a beta of 1.63. 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 has a fifty-two week low of $42.51 and a fifty-two week high of $76.01. The stock has a 50-day simple moving average of $75.80 and a 200-day simple moving average of $74.05.

Institutional Trading of Perficient

A number of large investors have recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Perficient by 4.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 7,433 shares of the digital transformation consultancy’s stock worth $418,000 after buying an additional 300 shares during the period. SG Americas Securities LLC purchased a new position in shares of Perficient in the 1st quarter valued at approximately $117,000. Sei Investments Co. increased its holdings in shares of Perficient by 3.3% in the first quarter. Sei Investments Co. now owns 42,648 shares of the digital transformation consultancy’s stock valued at $2,401,000 after purchasing an additional 1,343 shares during the period. US Bancorp DE raised its stake in shares of Perficient by 3.9% during the first quarter. US Bancorp DE now owns 19,162 shares of the digital transformation consultancy’s stock worth $1,079,000 after purchasing an additional 728 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Perficient by 6.7% during the first quarter. ProShare Advisors LLC now owns 7,157 shares of the digital transformation consultancy’s stock worth $403,000 after purchasing an additional 447 shares during the period. Institutional investors and hedge funds own 95.00% of the company’s stock.

About Perficient

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.