Institutional Investors Are Crazy For Perficient Inc (NASDAQ:PRFT)

January 21, 2018 - By Linda Rogers

 Institutional Investors Are Crazy  For Perficient Inc (NASDAQ:PRFT)

Sentiment for Perficient Inc (NASDAQ:PRFT)

Perficient Inc (NASDAQ:PRFT) institutional sentiment decreased to 1.23 in 2017 Q3. Its down -0.02, from 1.25 in 2017Q2. The ratio dived, as 59 active investment managers increased and opened new positions, while 48 sold and trimmed stock positions in Perficient Inc. The active investment managers in our partner’s database now have: 27.29 million shares, up from 26.46 million shares in 2017Q2. Also, the number of active investment managers holding Perficient Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 9 Reduced: 39 Increased: 43 New Position: 16.

Perficient, Inc. provides information technology and management consulting services in the United States. The company has market cap of $691.88 million. The firm designs, builds, and delivers solutions using middleware software products developed by third-party vendors. It has a 43.09 P/E ratio. The Company’s solutions include platform implementations services, including application server selection, architecture planning, installation and configuration, clustering for availability, performance assessment and issue remediation, security, and technology migrations; and portals and collaboration, such as searchable data systems, collaborative systems for process improvement, transaction processing, unified and extended reporting, and other services.

The stock increased 1.02% or $0.2 during the last trading session, reaching $19.82. About 161,545 shares traded or 18.26% up from the average. Perficient, Inc. (NASDAQ:PRFT) has declined 18.67% since January 21, 2017 and is downtrending. It has underperformed by 35.37% the S&P500.

Analysts await Perficient, Inc. (NASDAQ:PRFT) to report earnings on February, 27. They expect $0.28 earnings per share, up 40.00 % or $0.08 from last year’s $0.2 per share. PRFT’s profit will be $9.77M for 17.70 P/E if the $0.28 EPS becomes a reality. After $0.28 actual earnings per share reported by Perficient, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Millrace Asset Group Inc. holds 1.55% of its portfolio in Perficient, Inc. for 84,026 shares. Falcon Point Capital Llc owns 481,776 shares or 1.36% of their US portfolio. Moreover, Skyline Asset Management Lp has 1.18% invested in the company for 759,100 shares. The Maryland-based Investment Counselors Of Maryland Llc has invested 1.01% in the stock. Ironwood Investment Management Llc, a Massachusetts-based fund reported 70,587 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 5 insider sales for $1.48 million activity.

Perficient, Inc. (NASDAQ:PRFT) Ratings Coverage

Ratings analysis reveals 100% of Perficient’s analysts are positive. Out of 4 Wall Street analysts rating Perficient, 4 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $2000 while the high is $23. The stock’s average target of $21.67 is 9.33% above today’s ($19.82) share price. PRFT was included in 7 notes of analysts from November 6, 2015. The stock of Perficient, Inc. (NASDAQ:PRFT) earned “Buy” rating by Maxim Group on Monday, January 11. The firm has “Buy” rating by Maxim Group given on Friday, November 3. Maxim Group maintained the shares of PRFT in report on Friday, November 6 with “Buy” rating. Sidoti initiated the stock with “Buy” rating in Friday, June 24 report. On Friday, November 3 the stock rating was maintained by SunTrust with “Buy”. Needham maintained the stock with “Buy” rating in Wednesday, March 1 report.

More news for Perficient, Inc. (NASDAQ:PRFT) were recently published by: Streetinsider.com, which released: “Form 8-K PERFICIENT INC For: Jan 15” on January 16, 2018. Businesswire.com‘s article titled: “Perficient Digital Receives Mobile WebAwards for Outstanding Solutions Serving …” and published on January 12, 2018 is yet another important article.

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