Orion Portfolio Solutions LLC Sells 2,153 Shares of Perficient, Inc. (NASDAQ:PRFT)

Orion Portfolio Solutions LLC lessened its stake in Perficient, Inc. (NASDAQ:PRFTFree Report) by 24.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,584 shares of the digital transformation consultancy’s stock after selling 2,153 shares during the period. Orion Portfolio Solutions LLC’s holdings in Perficient were worth $419,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC bought a new stake in shares of Perficient in the 4th quarter valued at about $28,000. Principal Securities Inc. bought a new stake in shares of Perficient in the 4th quarter valued at about $41,000. NBC Securities Inc. bought a new stake in shares of Perficient in the 3rd quarter valued at about $38,000. Huntington National Bank grew its position in shares of Perficient by 10.5% in the 3rd quarter. Huntington National Bank now owns 2,245 shares of the digital transformation consultancy’s stock valued at $130,000 after buying an additional 213 shares during the last quarter. Finally, Cetera Trust Company N.A bought a new stake in shares of Perficient in the 4th quarter valued at about $161,000. Institutional investors own 95.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. StockNews.com assumed coverage on Perficient in a research report on Friday, May 31st. They set a “sell” rating on the stock. JPMorgan Chase & Co. cut their target price on 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 restated a “market perform” rating on shares of Perficient in a research report on Tuesday, May 7th. William Blair restated a “market perform” rating on shares of Perficient in a research report on Monday, May 6th. Finally, Guggenheim began coverage on Perficient in a research report on Tuesday, March 19th. They set a “neutral” rating and a $65.00 target price on the stock. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Perficient presently has a consensus rating of “Hold” and an average target price of $70.43.

Get Our Latest Stock Report on Perficient

Perficient Price Performance

PRFT stock opened at $74.21 on Friday. The stock’s 50 day simple moving average is $60.38 and its 200 day simple moving average is $63.70. Perficient, Inc. has a fifty-two week low of $42.51 and a fifty-two week high of $96.93. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.18 and a current ratio of 4.18. The company has a market cap of $2.61 billion, a P/E ratio of 31.71, a price-to-earnings-growth ratio of 1.87 and a beta of 1.63.

Perficient (NASDAQ:PRFTGet Free Report) last issued its quarterly earnings data on Sunday, May 5th. The digital transformation consultancy reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. The firm had revenue of $215.30 million during the quarter, compared to the consensus estimate of $224.99 million. Perficient had a return on equity of 19.50% and a net margin of 9.40%. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 earnings per share. On average, research analysts expect that Perficient, Inc. will post 3.31 earnings per share for the current fiscal year.

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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