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

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

Perficient Stock Performance

Shares of NASDAQ:PRFT opened at $75.48 on Friday. The company’s 50-day moving average price is $75.25 and its two-hundred day moving average price is $68.76. 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 one year low of $42.51 and a one year high of $75.74. The stock has a market capitalization of $2.65 billion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 1.96 and a beta of 1.64.

Perficient (NASDAQ:PRFT) last issued its earnings results 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). The firm had revenue of $222.82 million during the quarter, compared to the consensus estimate of $223.58 million. Perficient had a net margin of 8.48% and a return on equity of 18.39%. On average, equities analysts forecast that Perficient will post 3.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Perficient

A number of institutional investors and hedge funds have recently modified their holdings of PRFT. Fidelis Capital Partners LLC bought a new stake in shares of Perficient in the 1st quarter valued at about $25,000. Parallel Advisors LLC grew its stake in Perficient by 73.9% in the 4th quarter. Parallel Advisors LLC now owns 527 shares of the digital transformation consultancy’s stock valued at $35,000 after buying an additional 224 shares during the last quarter. GAMMA Investing LLC grew 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 buying an additional 337 shares during the last quarter. CWM LLC grew its stake 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 during the last quarter. Finally, Park Place Capital Corp grew its stake in Perficient by 41.1% in the 1st quarter. Park Place Capital Corp now owns 1,180 shares of the digital transformation consultancy’s stock valued at $66,000 after buying an additional 344 shares during the last quarter. 95.00% of the stock is 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.