Zions Bancorporation N.A. Has $1.38 Million Stake in Perficient, Inc. (NASDAQ:PRFT)

Zions Bancorporation N.A. decreased its stake in shares of Perficient, Inc. (NASDAQ:PRFT) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 18,423 shares of the digital transformation consultancy’s stock after selling 750 shares during the quarter. Zions Bancorporation N.A. owned 0.05% of Perficient worth $1,378,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP increased its stake in Perficient by 26.2% during the fourth quarter. Wellington Management Group LLP now owns 1,945,667 shares of the digital transformation consultancy’s stock valued at $128,064,000 after acquiring an additional 404,154 shares during the period. Ophir Asset Management Pty Ltd bought a new stake in shares of Perficient during the fourth quarter valued at approximately $25,474,000. Norges Bank acquired a new position in shares of Perficient in the fourth quarter valued at $23,950,000. Pentwater Capital Management LP bought a new position in Perficient in the second quarter worth $22,437,000. Finally, Picton Mahoney Asset Management bought a new position in Perficient in the second quarter worth $11,584,000. Institutional investors and hedge funds own 95.00% of the company’s stock.

Perficient Stock Performance

NASDAQ:PRFT opened at $75.50 on Friday. Perficient, Inc. has a twelve month low of $42.51 and a twelve month high of $75.62. The stock’s 50-day simple moving average is $75.12 and its 200 day simple moving average is $67.77. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 0.70. The firm 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 (NASDAQ:PRFT) last released its quarterly earnings data 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). The business had revenue of $222.82 million for the quarter, compared to analyst estimates of $223.58 million. Perficient had a return on equity of 18.39% and a net margin of 8.48%. On average, analysts anticipate that Perficient, Inc. will post 3.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Perficient in a report on Thursday. They issued a “sell” rating on the stock. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $70.43.

Perficient Company 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.