Perficient (NASDAQ:PRFT) Earns Sell Rating from Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Perficient (NASDAQ:PRFT) in a research note issued on Saturday. The firm set a “sell” rating on the digital transformation consultancy’s stock.

Perficient Trading Down 0.1 %

Shares of NASDAQ:PRFT opened at $75.48 on Friday. Perficient has a 52-week low of $42.51 and a 52-week high of $75.74. 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 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 company has a 50-day simple moving average of $75.24 and a 200 day simple moving average of $68.58.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fidelis Capital Partners LLC bought a new stake in shares of Perficient during the first quarter worth approximately $25,000. Parallel Advisors LLC lifted its holdings in Perficient by 73.9% during the 4th quarter. Parallel Advisors LLC now owns 527 shares of the digital transformation consultancy’s stock worth $35,000 after purchasing an additional 224 shares during the last quarter. GAMMA Investing LLC boosted its stake in Perficient by 156.7% in the 2nd quarter. GAMMA Investing LLC now owns 552 shares of the digital transformation consultancy’s stock valued at $41,000 after purchasing an additional 337 shares during the period. CWM LLC grew its holdings in Perficient by 67.7% in the 2nd quarter. CWM LLC now owns 577 shares of the digital transformation consultancy’s stock valued at $43,000 after buying an additional 233 shares in the last quarter. Finally, Longfellow Investment Management Co. LLC bought a new position in Perficient during the 2nd quarter worth $74,000. Institutional investors and hedge funds own 95.00% of the company’s stock.

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.