Blair William & Co. IL Sells 8,643 Shares of Perficient, Inc. (NASDAQ:PRFT)

Blair William & Co. IL cut its stake in shares of Perficient, Inc. (NASDAQ:PRFT) by 31.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 18,922 shares of the digital transformation consultancy’s stock after selling 8,643 shares during the period. Blair William & Co. IL’s holdings in Perficient were worth $1,415,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its holdings in shares of Perficient by 36.8% during the first quarter. BNP Paribas Financial Markets now owns 34,266 shares of the digital transformation consultancy’s stock worth $1,929,000 after purchasing an additional 9,222 shares during the last quarter. UniSuper Management Pty Ltd bought a new position in shares of Perficient during the first quarter valued at $463,000. Confluence Investment Management LLC acquired a new position in shares of Perficient during the first quarter worth $2,886,000. Norden Group LLC grew its stake in shares of Perficient by 2,123.4% in the first quarter. Norden Group LLC now owns 97,695 shares of the digital transformation consultancy’s stock worth $5,499,000 after purchasing an additional 93,301 shares during the last quarter. 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. Institutional investors own 95.00% of the company’s stock.

Perficient Stock Performance

Shares of Perficient stock opened at $75.50 on Tuesday. The company has a market capitalization of $2.65 billion, a P/E ratio of 32.26, a price-to-earnings-growth ratio of 1.90 and a beta of 1.64. The stock has a fifty day simple moving average of $75.19 and a 200 day simple moving average of $68.30. Perficient, Inc. has a 12-month low of $42.51 and a 12-month high of $75.66. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 0.70.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Perficient in a research report on Friday. They issued a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, Perficient presently has a consensus rating of “Hold” and a consensus target price of $70.43.

Perficient Company Profile

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.