Exclusive: How Analysts Feel About Perficient, Inc. After Today’s Significant Increase?

Exclusive: How Analysts Feel About Perficient, Inc. After Today's Significant Increase?

The stock of Perficient, Inc. (NASDAQ:PRFT) is a huge mover today! About 141,073 shares traded hands or 17.22% up from the average. Perficient, Inc. (NASDAQ:PRFT) has declined 29.81% since April 5, 2016 and is downtrending. It has underperformed by 31.76% the S&P500.
The move comes after 7 months positive chart setup for the $532.46M company. It was reported on Nov, 7 by Barchart.com. We have $25.17 PT which if reached, will make NASDAQ:PRFT worth $340.77M more.

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. On Friday, November 6 the stock rating was maintained by Maxim Group with “Buy”. The rating was maintained by Maxim Group with “Buy” on Monday, January 11. The firm has “Buy” rating by Sidoti given on Friday, June 24.

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.
Pnc Fincl Group Incorporated holds 0% of its portfolio in Perficient, Inc. (NASDAQ:PRFT) for 294 shares. New York State Common Retirement Fund holds 0% or 35,900 shares in its portfolio. Northern Trust has invested 0% of its portfolio in Perficient, Inc. (NASDAQ:PRFT). Voya Inv Mngmt Ltd Liability Com has invested 0% of its portfolio in Perficient, Inc. (NASDAQ:PRFT). Nationwide Fund Advsr last reported 0.01% of its portfolio in the stock. Price T Rowe Md holds 163,900 shares or 0% of its portfolio. Miles Capital owns 15,470 shares or 0.21% of their US portfolio. Tiaa Cref Investment Mngmt Limited Liability Com, a New York-based fund reported 170,614 shares. Arizona State Retirement Systems holds 0.01% of its portfolio in Perficient, Inc. (NASDAQ:PRFT) for 18,725 shares. Strs Ohio has invested 0.02% of its portfolio in Perficient, Inc. (NASDAQ:PRFT). Citadel Advsrs Limited Liability Co reported 53,518 shares or 0% of all its holdings. Moreover, Emerald Mutual Fund Advisers has 0.03% invested in Perficient, Inc. (NASDAQ:PRFT) for 24,320 shares. Asset Management has 0% invested in the company for 5,593 shares. Timpani Cap Mngmt Ltd holds 82,722 shares or 0.71% of its portfolio. Federated Pa reported 12,127 shares or 0% of all its holdings.

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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