Stock Mover of the Day: What’s Perficient, Inc. Downside After Today’s Huge Decline?

Stock Mover of the Day: What's Perficient, Inc. Downside After Today's Huge Decline?

The stock of Perficient, Inc. (NASDAQ:PRFT) is a huge mover today! About 240,035 shares traded hands or 107.28% up from the average. Perficient, Inc. (NASDAQ:PRFT) has declined 23.23% since April 4, 2016 and is downtrending. It has underperformed by 24.32% the S&P500.
The move comes after 6 months negative chart setup for the $493.61M company. It was reported on Nov, 4 by Barchart.com. We have $12.81 PT which if reached, will make NASDAQ:PRFT worth $49.36M less.

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 the stock with “Buy” rating in Monday, January 11 report. On Friday, June 24 the stock rating was initiated by Sidoti with “Buy”. The stock of Perficient, Inc. (NASDAQ:PRFT) earned “Buy” rating by Maxim Group on Friday, November 6.

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 2016 Q2. Its up 0.03, from 1.37 in 2016Q1. The ratio improved, 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.
Moreover, Putnam Investments Limited Liability Company has 0.02% invested in Perficient, Inc. (NASDAQ:PRFT) for 348,512 shares. Walleye Trading Ltd Company reported 2,200 shares or 0% of all its holdings. Sei Invs Company has invested 0% of its portfolio in Perficient, Inc. (NASDAQ:PRFT). Louisiana State Employees Retirement Sys holds 0.02% or 16,000 shares in its portfolio. Elk Creek Prtnrs Ltd Liability Co owns 374,454 shares or 0.48% of their US portfolio. Financial Bank Of America De last reported 115,357 shares in the company. Advisors Asset Management Incorporated last reported 0% of its portfolio in the stock. Comerica National Bank & Trust holds 0.02% of its portfolio in Perficient, Inc. (NASDAQ:PRFT) for 90,332 shares. The Pennsylvania-based Nationwide Fund Advsrs has invested 0.01% in Perficient, Inc. (NASDAQ:PRFT). Miles Cap has 0.21% invested in the company for 15,470 shares. Envestnet Asset Mngmt accumulated 3,132 shares or 0% of the stock. Inc holds 26,385 shares or 0% of its portfolio. Assetmark last reported 0% of its portfolio in the stock. Ladenburg Thalmann Financial Ser has 188 shares for 0% of their US portfolio. Strs Ohio last reported 0.02% 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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