Schroder Investment Management Group Raises Stock Position in Perficient, Inc. (NASDAQ:PRFT)

Schroder Investment Management Group lifted its position in Perficient, Inc. (NASDAQ:PRFTFree Report) by 3.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 345,875 shares of the digital transformation consultancy’s stock after buying an additional 12,686 shares during the quarter. Schroder Investment Management Group’s holdings in Perficient were worth $22,765,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PRFT. William Blair Investment Management LLC purchased a new position in shares of Perficient in the 3rd quarter worth approximately $32,578,000. Norges Bank purchased a new position in shares of Perficient in the 4th quarter worth approximately $23,950,000. Vanguard Group Inc. grew its position in shares of Perficient by 3.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,316,958 shares of the digital transformation consultancy’s stock worth $249,779,000 after buying an additional 158,842 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Perficient by 328.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 185,856 shares of the digital transformation consultancy’s stock worth $10,754,000 after buying an additional 142,427 shares during the last quarter. Finally, Eisler Capital US LLC purchased a new position in shares of Perficient in the 3rd quarter worth approximately $5,554,000. Hedge funds and other institutional investors own 95.00% of the company’s stock.

Perficient Price Performance

Shares of PRFT opened at $74.30 on Tuesday. The business’s 50-day moving average is $61.10 and its two-hundred day moving average is $63.87. The company has a market capitalization of $2.61 billion, a P/E ratio of 31.75, a P/E/G ratio of 1.87 and a beta of 1.63. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.18 and a current ratio of 4.18. Perficient, Inc. has a fifty-two week low of $42.51 and a fifty-two week high of $96.93.

Perficient (NASDAQ:PRFTGet Free Report) last announced its quarterly earnings results on Sunday, May 5th. The digital transformation consultancy reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. Perficient had a return on equity of 19.50% and a net margin of 9.40%. The company had revenue of $215.30 million during the quarter, compared to analysts’ expectations of $224.99 million. During the same period last year, the business earned $0.89 earnings per share. Perficient’s quarterly revenue was down 7.0% on a year-over-year basis. Research analysts predict that Perficient, Inc. will post 3.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Perficient from $71.00 to $59.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Barrington Research reissued a “market perform” rating on shares of Perficient in a research report on Tuesday, May 7th. Needham & Company LLC reissued a “hold” rating on shares of Perficient in a research report on Monday, May 6th. Maxim Group reissued a “hold” rating and set a $76.00 target price on shares of Perficient in a research report on Tuesday, May 7th. Finally, StockNews.com assumed coverage on shares of Perficient in a research report on Saturday. They set a “sell” rating on the stock. One analyst has rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $70.43.

View Our Latest Research Report on Perficient

About Perficient

(Free Report)

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.

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Institutional Ownership by Quarter for Perficient (NASDAQ:PRFT)

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