Free Trial

Confluence Investment Management LLC Acquires Shares of 51,267 Perficient, Inc. (NASDAQ:PRFT)

Perficient logo with Computer and Technology background

Confluence Investment Management LLC acquired a new stake in Perficient, Inc. (NASDAQ:PRFT - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 51,267 shares of the digital transformation consultancy's stock, valued at approximately $2,886,000. Confluence Investment Management LLC owned about 0.15% of Perficient as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PRFT. Swiss National Bank boosted its position in Perficient by 1.3% in the 3rd quarter. Swiss National Bank now owns 76,600 shares of the digital transformation consultancy's stock valued at $4,432,000 after buying an additional 1,000 shares during the last quarter. Atria Wealth Solutions Inc. bought a new position in shares of Perficient in the 3rd quarter worth $230,000. Charles Schwab Investment Management Inc. boosted its position in shares of Perficient by 5.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 336,403 shares of the digital transformation consultancy's stock worth $19,464,000 after purchasing an additional 16,817 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of Perficient in the 3rd quarter worth $329,000. Finally, State of New Jersey Common Pension Fund D boosted its position in shares of Perficient by 24.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 38,976 shares of the digital transformation consultancy's stock worth $2,255,000 after purchasing an additional 7,646 shares during the last quarter. 95.00% of the stock is currently owned by institutional investors.

Perficient Stock Down 0.0 %

Shares of PRFT traded down $0.01 during midday trading on Tuesday, hitting $74.40. The stock had a trading volume of 503,613 shares, compared to its average volume of 489,128. The company has a 50 day simple moving average of $64.00 and a two-hundred day simple moving average of $64.46. Perficient, Inc. has a twelve month low of $42.51 and a twelve month high of $96.93. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 31.79, a price-to-earnings-growth ratio of 1.87 and a beta of 1.63. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.18 and a quick ratio of 4.18.


Perficient (NASDAQ:PRFT - Get Free Report) last released its quarterly earnings results on Sunday, May 5th. The digital transformation consultancy reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. Perficient had a return on equity of 19.50% and a net margin of 9.40%. The firm had revenue of $215.30 million for the quarter, compared to the consensus estimate of $224.99 million. During the same quarter last year, the business posted $0.89 EPS. The company's revenue for the quarter was down 7.0% on a year-over-year basis. On average, analysts anticipate that Perficient, Inc. will post 3.31 EPS for the current year.

Analyst Ratings Changes

PRFT has been the topic of several recent research reports. Scotiabank raised their price target on Perficient from $50.00 to $76.00 and gave the stock a "sector perform" rating in a research report on Monday, May 6th. Needham & Company LLC restated a "hold" rating on shares of Perficient in a research report on Monday, May 6th. Alliance Global Partners restated a "neutral" rating on shares of Perficient in a research report on Tuesday, May 7th. StockNews.com initiated coverage on Perficient in a research report on Sunday. They issued a "sell" rating on the stock. Finally, Maxim Group reaffirmed a "hold" rating and set a $76.00 price objective on shares of Perficient in a research note on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $70.43.

Read Our Latest Research Report on PRFT

About Perficient

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Perficient (NASDAQ:PRFT)

Should you invest $1,000 in Perficient right now?

Before you consider Perficient, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Perficient wasn't on the list.

While Perficient currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors Cover

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

CPI News Breakdown: Key Market Moves to Follow
Understanding Oversold Stocks
Inside Pelosi’s Latest Stock Moves

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines