Blair William & Co. IL Sells 8,643 Shares of Perficient, Inc. (NASDAQ:PRFT)

Blair William & Co. IL decreased its position in Perficient, Inc. (NASDAQ:PRFT) by 31.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,922 shares of the digital transformation consultancy’s stock after selling 8,643 shares during the period. Blair William & Co. IL owned 0.05% of Perficient worth $1,415,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PRFT. Nisa Investment Advisors LLC grew its position in shares of Perficient by 9.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,913 shares of the digital transformation consultancy’s stock worth $143,000 after buying an additional 165 shares during the period. Texas Permanent School Fund Corp raised its position in shares of Perficient by 0.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 30,613 shares of the digital transformation consultancy’s stock valued at $2,290,000 after acquiring an additional 181 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Perficient by 73.9% during the 4th quarter. Parallel Advisors LLC now owns 527 shares of the digital transformation consultancy’s stock valued at $35,000 after acquiring an additional 224 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Perficient by 2.4% in the 2nd quarter. Arizona State Retirement System now owns 9,786 shares of the digital transformation consultancy’s stock worth $732,000 after purchasing an additional 230 shares during the last quarter. Finally, CWM LLC grew its stake in shares of Perficient by 67.7% during the second quarter. CWM LLC now owns 577 shares of the digital transformation consultancy’s stock worth $43,000 after purchasing an additional 233 shares during the period. 95.00% of the stock is currently owned by institutional investors and hedge funds.

Perficient Stock Performance

Shares of NASDAQ PRFT opened at $75.50 on Tuesday. 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 50 day moving average price of $75.19 and a 200 day moving average price of $68.30. The stock has a market capitalization of $2.65 billion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 1.90 and a beta of 1.64. Perficient, Inc. has a 52 week low of $42.51 and a 52 week high of $75.66.

Perficient (NASDAQ:PRFT) last released its earnings results on Thursday, August 8th. The digital transformation consultancy reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.01). Perficient had a net margin of 8.48% and a return on equity of 18.39%. The firm had revenue of $222.82 million during the quarter, compared to the consensus estimate of $223.58 million. Analysts predict that Perficient, Inc. will post 3.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Perficient in a report on Friday. They set a “sell” rating on the stock. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $70.43.

Perficient 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.