NBC Securities Inc. Invests $38,000 in Perficient, Inc. (NASDAQ:PRFT)

NBC Securities Inc. purchased a new position in shares of Perficient, Inc. (NASDAQ:PRFTFree Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 674 shares of the digital transformation consultancy’s stock, valued at approximately $38,000.

A number of other hedge funds have also modified their holdings of PRFT. Strs Ohio boosted its holdings in Perficient by 300.0% during the 2nd quarter. Strs Ohio now owns 800 shares of the digital transformation consultancy’s stock valued at $66,000 after acquiring an additional 600 shares during the period. Park Place Capital Corp purchased a new position in shares of Perficient in the 3rd quarter valued at about $69,000. Covestor Ltd boosted its stake in shares of Perficient by 40.4% in the 2nd quarter. Covestor Ltd now owns 1,018 shares of the digital transformation consultancy’s stock valued at $85,000 after buying an additional 293 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Perficient by 170.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,159 shares of the digital transformation consultancy’s stock valued at $97,000 after buying an additional 731 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in shares of Perficient by 20.1% in the 4th quarter. Lazard Asset Management LLC now owns 1,506 shares of the digital transformation consultancy’s stock valued at $105,000 after buying an additional 252 shares during the period. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on PRFT. TheStreet lowered Perficient from a “b-” rating to a “c+” rating in a research report on Tuesday, October 24th. Needham & Company LLC cut their price target on Perficient from $85.00 to $73.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $75.33.

Read Our Latest Analysis on Perficient

Perficient Stock Down 1.1 %

PRFT opened at $69.12 on Thursday. Perficient, Inc. has a 12 month low of $51.23 and a 12 month high of $96.93. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.14 and a quick ratio of 4.14. The stock has a market cap of $2.40 billion, a P/E ratio of 24.25, a P/E/G ratio of 1.89 and a beta of 1.49. The stock’s 50 day moving average price is $66.81 and its 200 day moving average price is $63.12.

Insider Activity at Perficient

In other Perficient news, Director David S. Lundeen sold 1,181 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $64.59, for a total transaction of $76,280.79. Following the completion of the transaction, the director now directly owns 33,927 shares of the company’s stock, valued at approximately $2,191,344.93. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.50% of the stock is owned by insiders.

About Perficient

(Free Report)

Perficient, Inc provides digital consultancy services and solutions in the United States. It offers strategy and transformation solution 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 portfolio.

See Also

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Institutional Ownership by Quarter for Perficient (NASDAQ:PRFT)

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