WINTON GROUP Ltd Makes New Investment in Perficient, Inc. (NASDAQ:PRFT)

WINTON GROUP Ltd purchased a new position in shares of Perficient, Inc. (NASDAQ:PRFT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 47,488 shares of the digital transformation consultancy’s stock, valued at approximately $3,552,000. WINTON GROUP Ltd owned about 0.14% of Perficient at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PRFT. Charles Schwab Investment Management Inc. increased its stake in Perficient by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 342,320 shares of the digital transformation consultancy’s stock worth $22,532,000 after acquiring an additional 5,917 shares during the last quarter. Principal Securities Inc. purchased a new stake in shares of Perficient in the fourth quarter worth about $41,000. Dimensional Fund Advisors LP boosted its position in shares of Perficient by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 958,595 shares of the digital transformation consultancy’s stock worth $63,097,000 after buying an additional 14,606 shares during the period. Great Lakes Advisors LLC purchased a new stake in shares of Perficient in the fourth quarter worth about $5,978,000. Finally, Norges Bank purchased a new stake in shares of Perficient in the fourth quarter worth about $23,950,000. 95.00% of the stock is currently owned by institutional investors and hedge funds.

Perficient Trading Up 0.1 %

Shares of PRFT opened at $75.50 on Friday. The company has a market capitalization of $2.65 billion, a P/E ratio of 32.26, a P/E/G ratio of 1.90 and a beta of 1.64. Perficient, Inc. has a one year low of $42.51 and a one year high of $75.62. 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 $75.12 and a 200 day moving average price of $67.79.

Perficient (NASDAQ:PRFT) last issued its quarterly 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 business had revenue of $222.82 million during the quarter, compared to analysts’ expectations of $223.58 million. Perficient had a net margin of 8.48% and a return on equity of 18.39%. Sell-side analysts forecast that Perficient, Inc. will post 3.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Perficient in a research report on Thursday. They issued a “sell” rating for the company. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.