Mount Yale Investment Advisors LLC Increases Stake in Perficient, Inc. (NASDAQ:PRFT)

Mount Yale Investment Advisors LLC increased its holdings in Perficient, Inc. (NASDAQ:PRFT) by 135.7% during the first quarter, Holdings Channel.com reports. The firm owned 9,965 shares of the digital transformation consultancy’s stock after acquiring an additional 5,738 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Perficient were worth $561,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in shares of Perficient by 36.8% in the first quarter. BNP Paribas Financial Markets now owns 34,266 shares of the digital transformation consultancy’s stock worth $1,929,000 after buying an additional 9,222 shares during the period. UniSuper Management Pty Ltd bought a new stake in Perficient in the first quarter valued at approximately $463,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Perficient by 10.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 178,360 shares of the digital transformation consultancy’s stock valued at $11,740,000 after purchasing an additional 16,350 shares during the period. Confluence Investment Management LLC purchased a new stake in shares of Perficient during the first quarter valued at approximately $2,886,000. Finally, Norden Group LLC grew its holdings in shares of Perficient by 2,123.4% in the first quarter. Norden Group LLC now owns 97,695 shares of the digital transformation consultancy’s stock worth $5,499,000 after purchasing an additional 93,301 shares during the last quarter. 95.00% of the stock is owned by institutional investors.

Perficient Stock Up 0.0 %

NASDAQ PRFT traded up $0.03 during mid-day trading on Tuesday, reaching $75.31. The stock had a trading volume of 40,177 shares, compared to its average volume of 480,237. Perficient, Inc. has a 1 year low of $42.51 and a 1 year high of $75.42. The company has a fifty day moving average price of $74.52 and a 200 day moving average price of $66.39. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.18 and a quick ratio of 4.18. The stock has a market cap of $2.65 billion, a PE ratio of 32.17, a price-to-earnings-growth ratio of 1.98 and a beta of 1.62.

Perficient (NASDAQ:PRFT) last issued its quarterly earnings data on Sunday, May 5th. The digital transformation consultancy reported $0.77 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.77. The company had revenue of $215.30 million for the quarter, compared to the consensus estimate of $224.99 million. Perficient had a net margin of 9.40% and a return on equity of 19.50%. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 earnings per share. On average, research analysts expect that Perficient, Inc. will post 3.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on PRFT shares. William Blair restated a “market perform” rating on shares of Perficient in a report on Monday, May 6th. Maxim Group reaffirmed a “hold” rating and set a $76.00 price objective on shares of Perficient in a research report on Tuesday, May 7th. Needham & Company LLC reissued a “hold” rating on shares of Perficient in a research report on Monday, May 6th. Barrington Research restated a “market perform” rating on shares of Perficient in a research report on Tuesday, May 7th. Finally, StockNews.com began coverage on Perficient in a report on Friday. They issued a “sell” rating for the company. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $70.43.

Perficient Company 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.