Perficient (PRFT) Sees Large Volume Increase

Perficient, Inc. (NASDAQ:PRFT) shares saw strong trading volume on Friday . 1,447,293 shares traded hands during trading, an increase of 606% from the previous session’s volume of 204,885 shares.The stock last traded at $19.42 and had previously closed at $19.16.

PRFT has been the subject of a number of research reports. BidaskClub cut Perficient from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Maxim Group reiterated a “buy” rating and set a $24.00 target price on shares of Perficient in a report on Friday. TheStreet upgraded Perficient from a “c+” rating to a “b-” rating in a report on Friday, January 26th. Finally, Zacks Investment Research upgraded Perficient from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Thursday, January 4th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $22.00.

The company has a market capitalization of $677.91, a price-to-earnings ratio of 22.32 and a beta of 0.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.92 and a quick ratio of 2.92.

In other Perficient news, COO Kathryn J. Henely sold 31,075 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $19.33, for a total transaction of $600,679.75. Following the completion of the transaction, the chief operating officer now owns 246,657 shares in the company, valued at approximately $4,767,879.81. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in Perficient during the 3rd quarter worth about $118,000. Bank of Montreal Can increased its holdings in Perficient by 3,261.0% during the 4th quarter. Bank of Montreal Can now owns 7,159 shares of the digital transformation consultancy’s stock worth $136,000 after purchasing an additional 6,946 shares in the last quarter. Simplex Trading LLC increased its holdings in Perficient by 4,251.0% during the 3rd quarter. Simplex Trading LLC now owns 8,702 shares of the digital transformation consultancy’s stock worth $171,000 after purchasing an additional 8,502 shares in the last quarter. Sei Investments Co. increased its holdings in Perficient by 412.9% during the 3rd quarter. Sei Investments Co. now owns 8,873 shares of the digital transformation consultancy’s stock worth $175,000 after purchasing an additional 7,143 shares in the last quarter. Finally, KBC Group NV increased its holdings in Perficient by 152.7% during the 3rd quarter. KBC Group NV now owns 10,275 shares of the digital transformation consultancy’s stock worth $202,000 after purchasing an additional 6,209 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

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About Perficient

Perficient, Inc is an information technology and management consulting firm. The Company’s solutions include business intelligence and analytics, commerce, content management, custom applications, platform implementations, portals and collaboration, business integration and application program interfaces, management consulting, business process management, and customer relationship management, among others.

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