The stock of Perficient, Inc. (NASDAQ:PRFT) hit a new 52-week low and has $14.82 target or 8.00% below today’s $16.11 share price. The 8 months bearish chart indicates high risk for the $558.82 million company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $14.82 price target is reached, the company will be worth $44.71 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 349,206 shares traded hands or 239.46% up from the average. Perficient, Inc. (NASDAQ:PRFT) has declined 14.29% since April 1, 2016 and is downtrending. It has underperformed by 15.50% the S&P500.
Perficient, Inc. (NASDAQ:PRFT) Ratings Coverage
Out of 2 analysts covering Perficient (NASDAQ:PRFT), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Perficient has been the topic of 3 analyst reports since November 6, 2015 according to StockzIntelligence Inc. Maxim Group maintained Perficient, Inc. (NASDAQ:PRFT) rating on Friday, November 6. Maxim Group has “Buy” rating and $22 price target. As per Monday, January 11, the company rating was maintained by Maxim Group. As per Friday, June 24, the company rating was initiated by Sidoti.
According to Zacks Investment Research, “PERFICIENT INC helps clients acquire and strengthen customer relationships, reduce costs and empower employees by creating an Enabled Enterprise. Through their Enabled Enterprise solutions, Global 3000 companies can drive dramatic return-on-investment by unlocking the power of their existing enterprise resource planning and legacy systems.”
Insitutional Activity: The institutional sentiment increased to 1.4 in Q2 2016. Its up 0.03, from 1.37 in 2016Q1. The ratio is positive, as 7 funds sold all Perficient, Inc. shares owned while 43 reduced positions. 13 funds bought stakes while 57 increased positions. They now own 27.86 million shares or 1.42% more from 27.47 million shares in 2016Q1.
Friess has invested 0.06% of its portfolio in Perficient, Inc. (NASDAQ:PRFT). Public Sector Pension Inv Board last reported 0.01% of its portfolio in the stock. The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Perficient, Inc. (NASDAQ:PRFT). Walleye Trading Lc has 0% invested in the company for 2,200 shares. Moreover, Ameriprise has 0% invested in Perficient, Inc. (NASDAQ:PRFT) for 173,144 shares. The New York-based Morgan Stanley has invested 0% in Perficient, Inc. (NASDAQ:PRFT). Ativo Cap Limited Com has 58,231 shares for 0.29% of their US portfolio. Zacks Investment Mgmt accumulated 32,021 shares or 0.02% of the stock. Comerica Comml Bank holds 0.02% of its portfolio in Perficient, Inc. (NASDAQ:PRFT) for 90,332 shares. Geode Cap accumulated 252,161 shares or 0% of the stock. Cornercap Counsel Inc has 28,270 shares for 0.11% of their US portfolio. American Fincl Gp Inc holds 16,995 shares or 0.03% of its portfolio. California Pub Employees Retirement System has 0.01% invested in the company for 167,800 shares. Vanguard Group Inc, a Pennsylvania-based fund reported 1.62M shares. American Grp last reported 0% of its portfolio in the stock.
More important recent Perficient, Inc. (NASDAQ:PRFT) news were published by: Streetinsider.com which released: “Perficient, Inc. (PRFT) Misses Q3 EPS by 9c; Guides Below the Street” on November 03, 2016, also Quotes.Wsj.com published article titled: “Perficient Inc. PRFT (US: Nasdaq)”, Streetinsider.com published: “Perficient, Inc. (PRFT) Misses Q2 EPS by 2c” on August 04, 2016. More interesting news about Perficient, Inc. (NASDAQ:PRFT) was released by: Streetinsider.com and their article: “Perficient, Inc. (PRFT) Acquires Digital Consultancy Bluetube” with publication date: October 13, 2016.
PRFT Company Profile
Perficient, Inc., incorporated on May 3, 1999, is an information technology and management consulting firm. The Firm designs, manufactures and delivers business-driven technology solutions using third-party software products. The Company’s solutions include big data and analytics, technology platform implementations, commerce, enterprise content management, portals and collaboration, management consulting, custom applications, business integration, content management (CM), business process management (BPM), and customer relationship management (CRM), among others. It provides services primarily to the healthcare (including pharma and life sciences), financial services (including banking and insurance), retail and consumer goods, automotive and transport products, electronics and computer hardware, telecommunications, manufacturing, energy and utilities, business services, and leisure, and media and entertainment markets, among others.
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