Perficient (NASDAQ:PRFT) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Perficient (NASDAQ:PRFT) in a research report released on Friday morning. The brokerage issued a sell rating on the digital transformation consultancy’s stock.

Perficient Stock Performance

NASDAQ PRFT opened at $75.50 on Friday. The stock has a market cap of $2.65 billion, a PE ratio of 32.26, a P/E/G ratio of 1.90 and a beta of 1.64. The company has a debt-to-equity ratio of 0.70, a quick ratio of 4.16 and a current ratio of 4.16. The firm has a 50-day moving average of $75.18 and a 200-day moving average of $68.14. Perficient has a 52-week low of $42.51 and a 52-week high of $75.66.

Perficient (NASDAQ:PRFT) last released its quarterly earnings results on Thursday, August 8th. The digital transformation consultancy reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.01). Perficient had a return on equity of 18.39% and a net margin of 8.48%. The business had revenue of $222.82 million for the quarter, compared to the consensus estimate of $223.58 million. On average, sell-side analysts anticipate that Perficient will post 3.31 EPS for the current year.

Institutional Trading of Perficient

Several institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its stake in shares of Perficient by 36.8% in the 1st quarter. BNP Paribas Financial Markets now owns 34,266 shares of the digital transformation consultancy’s stock valued at $1,929,000 after acquiring an additional 9,222 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in shares of Perficient during the first quarter worth $463,000. Confluence Investment Management LLC bought a new stake in shares of Perficient in the first quarter worth $2,886,000. Norden Group LLC increased its holdings in Perficient by 2,123.4% in the first quarter. Norden Group LLC now owns 97,695 shares of the digital transformation consultancy’s stock valued at $5,499,000 after purchasing an additional 93,301 shares during the period. Finally, Schroder Investment Management Group raised its position in Perficient by 3.8% during the 4th quarter. Schroder Investment Management Group now owns 345,875 shares of the digital transformation consultancy’s stock worth $22,765,000 after purchasing an additional 12,686 shares during the last quarter. 95.00% of the stock is currently owned by institutional investors.

About Perficient

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.