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

StockNews.com assumed coverage on shares of Perficient (NASDAQ:PRFT) in a research report sent to investors 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 firm has a market capitalization of $2.65 billion, a P/E ratio of 32.26, a P/E/G ratio of 1.90 and a beta of 1.64. The business has a 50 day simple moving average of $75.19 and a 200 day simple moving average of $68.30. The company has a debt-to-equity ratio of 0.70, a current ratio of 4.16 and a quick ratio of 4.16. Perficient has a 12-month low of $42.51 and a 12-month 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 the consensus estimate of $0.80 by ($0.01). Perficient had a return on equity of 18.39% and a net margin of 8.48%. The firm had revenue of $222.82 million for the quarter, compared to the consensus estimate of $223.58 million. Equities research analysts predict that Perficient will post 3.31 EPS for the current year.

Institutional Trading of Perficient

Large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its stake in shares of Perficient by 36.8% in 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 in the last quarter. UniSuper Management Pty Ltd bought a new position in shares of Perficient in the first quarter valued at approximately $463,000. Confluence Investment Management LLC bought a new position in shares of Perficient in the first quarter valued at approximately $2,886,000. Norden Group LLC increased its stake in shares of Perficient by 2,123.4% during the first quarter. Norden Group LLC now owns 97,695 shares of the digital transformation consultancy’s stock valued at $5,499,000 after acquiring an additional 93,301 shares during the period. Finally, Schroder Investment Management Group raised its holdings in Perficient by 3.8% during the fourth 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 in the last quarter. 95.00% of the stock is currently owned by institutional investors and hedge funds.

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.