Perficient, Inc. (NASDAQ:PRFT) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC cut its stake in Perficient, Inc. (NASDAQ:PRFT) by 0.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,118 shares of the digital transformation consultancy’s stock after selling 275 shares during the quarter. Rice Hall James & Associates LLC owned about 0.10% of Perficient worth $2,651,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fidelis Capital Partners LLC acquired a new stake in shares of Perficient in the 1st quarter worth $25,000. GAMMA Investing LLC increased its position in shares of Perficient by 156.7% during the 2nd quarter. GAMMA Investing LLC now owns 552 shares of the digital transformation consultancy’s stock worth $41,000 after purchasing an additional 337 shares during the last quarter. CWM LLC increased its position in shares of Perficient by 67.7% during the 2nd 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 last quarter. Longfellow Investment Management Co. LLC acquired a new stake in shares of Perficient during the 2nd quarter worth about $74,000. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Perficient during the 2nd quarter worth about $138,000. 95.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Perficient in a research report on Wednesday. They set a “sell” rating for the company. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, Perficient has an average rating of “Hold” and a consensus target price of $70.00.

Perficient Stock Performance

Shares of PRFT opened at $75.96 on Friday. The stock has a 50-day simple moving average of $75.65 and a 200-day simple moving average of $72.08. The company has a debt-to-equity ratio of 0.70, a quick ratio of 4.16 and a current ratio of 4.16. The stock has a market capitalization of $2.67 billion, a PE ratio of 32.46, a PEG 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.

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

Perficient 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.