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

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

Perficient Stock Performance

NASDAQ:PRFT opened at $75.50 on Friday. 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 stock has a market capitalization of $2.65 billion, a PE ratio of 32.26, a P/E/G ratio of 1.90 and a beta of 1.64. Perficient has a fifty-two week low of $42.51 and a fifty-two week high of $75.66. The company has a fifty day moving average of $75.18 and a two-hundred day moving average of $68.19.

Perficient (NASDAQ:PRFT) last released its 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). The company had revenue of $222.82 million for the quarter, compared to analysts’ expectations of $223.58 million. Perficient had a return on equity of 18.39% and a net margin of 8.48%. As a group, research analysts forecast that Perficient will post 3.31 earnings per share for the current fiscal year.

Institutional Trading of Perficient

Several large investors have recently made changes to their positions in PRFT. Vanguard Group Inc. boosted its stake in Perficient by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 4,341,454 shares of the digital transformation consultancy’s stock worth $244,380,000 after purchasing an additional 50,313 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Perficient by 26.2% in the fourth quarter. Wellington Management Group LLP now owns 1,945,667 shares of the digital transformation consultancy’s stock worth $128,064,000 after buying an additional 404,154 shares in the last quarter. Congress Asset Management Co. MA boosted its position in Perficient by 5.3% during the first quarter. Congress Asset Management Co. MA now owns 1,401,150 shares of the digital transformation consultancy’s stock worth $78,871,000 after acquiring an additional 71,004 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Perficient by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 958,595 shares of the digital transformation consultancy’s stock valued at $63,097,000 after acquiring an additional 14,606 shares in the last quarter. Finally, Glazer Capital LLC acquired a new stake in Perficient in the 2nd quarter valued at about $35,686,000. 95.00% of the stock is currently owned by hedge funds and other 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.