On Monday, November 21st, Ralph C. Derrickson, a director at Perficient, Inc. (NASDAQ: PRFT), bought 729 shares of the company’s stock. The total cost of the shares was $50,053.14, based on the weighted average price of 68.66 dollars per share. Due to the acquisition, the director now owns 39,101 shares of the company’s stock. As of November 21st, the value of these shares was $2,684,674.66. The total cost of the shares was $50,053.14, based on the weighted average price of 68.66 dollars per share. The director now owns 39,101 shares of the company’s stock, which have a combined value of $2,684,674.66 as a direct result of the acquisition. The transaction was mentioned in a document submitted to the Securities and Exchange Commission, and you can view that right here.
Several experts who specialize in equity analysis recently provided their opinions on PRFT stock. The rating for Perficient was lowered by TheStreet from a “b-” to a “c+” on Tuesday, November 8th, in a report published on that day. Morgan Stanley lowered their price objective on Perficient from $100.00 to $75.00 and gave the company an “equal weight” rating in a research report published on Friday, October 28th. JPMorgan Chase & Co. lowered their price objective on Perficient from $109.00 to $86.00 in a research note published on Friday, October 14th. Barrington Research lowered their price target on Perficient from $110.00 to $80.00 and gave the company an “outperform” rating in a research note published on Friday, October 28th. In a research note published on Tuesday, September 27th, Alliance Global Partners downgraded their price objective for Perficient from $100.00 to $85.00 while simultaneously upgrading the company’s rating from “neutral” to “buy.” The stock has been given a buy rating by seven investment analysts, while a hold rating has been assigned by two of the analysts. According to data provided by Bloomberg, the current average rating for Perficient is “Moderate Buy,” and the consensus price objective for the company is $91.63.
NASDAQ On Wednesday, PRFT reached $69.70, a gain of $0.24 from the previous day. Compared to its usual volume of 260,070 shares, the number of shares of the company’s stock that were traded was 70,234. The debt-to-equity ratio is currently at 1.03, the current ratio is 2.16, and the quick ratio is also 2.16. The firm’s market capitalization is currently sitting at $2.41 billion, with a PE ratio of 30.44, a P/E/G ratio of 1.06, and a beta of 1.53. The 52-week low for Perficient, Inc. is $59.78, while the 52-week high for the company is $141.74. The stock’s moving average over the past 50 days is $66.59, while its moving average over the past 200 days is $82.49.
Several institutional investors have been active in the market recently, buying and selling company shares. The CVA Family Office LLC grew its holdings in Perficient by 4,319.5% during the third quarter of the fiscal year. Following the acquisition of an additional 8,839 shares during the preceding quarter, CVA Family Office LLC now holds 8,839 shares of the digital transformation consultancy’s stock. The value of these shares is currently $575,000. The Teachers Retirement System of Kentucky purchased a new position at Perficient during the third quarter of the fiscal year. The position was valued at roughly $2,138,000. During the third quarter, Balyasny Asset Management LLC bought a stake in Perficient valued at roughly 2,548,000 dollars. BNP Paribas Arbitrage SNC boosted the percentage of its ownership in Perficient by 321.1% during the third quarter. BNP Paribas Arbitrage SNC increased its holdings in the digital transformation consultancy by purchasing an additional 30,908 shares during the most recent quarter. As a result of these purchases, the company now owns 40,535 shares of the company’s stock, valued at $2,636,000. During the third quarter, Advent Capital Management DE added a new position in Perficient worth roughly $146,000. The company’s stock is owned by institutional investors and hedge funds to 93.76 percent.
Perficient, Inc. is a company that operates in the United States and provides digital consulting services and solutions. The company offers a variety of data and intelligence solutions, including analytics, artificial intelligence and machine learning, big data, business intelligence, and a custom product portfolio. Additionally, the company offers solutions in digital and technology strategy, management consulting, and organizational change management.