Perficient (PRFT)

Company Profile

Perficient is the leading digital transformation consulting firm serving Global 2000® and enterprise customers throughout North America. With unparalleled information technology, management consulting, and creative capabilities, Perficient and its Perficient Digital agency deliver vision, execution, and value with outstanding digital experience, business optimization, and industry solutions. Its work enables clients to improve productivity and competitiveness; grow and strengthen relationships with customers, suppliers, and partners; and reduce costs. Perficient's professionals serve clients from a network of offices across North America and offshore locations in India and China. Perficient is a member of the Russell 2000 index and the S&P SmallCap 600 index. Perficient is an award-winning Adobe Premier Partner, Platinum Level IBM business partner, a Microsoft National Service Provider and Gold Certified Partner, an Oracle Platinum Partner, an Advanced Pivotal Ready Partner, a Gold Salesforce Consulting Partner, and a Sitecore Platinum Partner.

Company profile

Ticker

PRFT

Exchange

NASDAQ

Website

www.perficient.com

CEO

Jeffrey Davis

Incorporated

Delaware

Location

Missouri

Fiscal year end

Dec 31

Sector

Professional, Scientific, and Technical Services > Custom Computer Programming Services

Industry (SIC)

Services - Computer Programming Services

Cognizant Technology Solutions • Amdocs • Verisign • Thoughtworks Holding • Compass • Formula Systems • HashiCorp • Realnetworks • Synchronoss • EPAM Systems ...

SEC CIK

0001085869

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Perficient Canada Corp. • BoldTech International, LLC • BoldTech Systems (Hangzhou), Ltd. • Perficient India Private Limited • Perficient UK Ltd. • Perficient d.o.o. • Productora de Software S.A.S. • Talos Digital S.A.S. • TCOMM S.A.S. • Izmul S.A. ...

IRS number

742853258

PRFT stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

View all

27 Oct 22

Perficient Reports Third Quarter 2022 Results

27 Oct 22

$5.18 mm in equity, sold $5.18 mm, 6 investors

17 Oct 22

8-K

Perficient Announces Acquisition of Ameex Technologies

11 Oct 22

$4.35M in equity, sold $4.35M, 5 investors

20 Sep 22

8-K

Perficient Announces Acquisition of Inflection Point

4 Aug 22

Perficient Reports Second Quarter 2022 Results

4 Aug 22

8-K

Submission of Matters to a Vote of Security Holders

28 Apr 22

Transcripts

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PRFT

Earnings call transcript

2022 Q3

30 Oct 22

PRFT

Earnings call transcript

2022 Q2

5 Aug 22

PRFT

Earnings call transcript

2022 Q1

30 Apr 22

PRFT

Earnings call transcript

2021 Q4

24 Feb 22

PRFT

Earnings call transcript

2021 Q3

28 Oct 21

PRFT

Earnings call transcript

2021 Q2

31 Jul 21

PRFT

Earnings call transcript

2021 Q1

30 Apr 21

PRFT

Earnings call transcript

2020 Q4

27 Feb 21

PRFT

Earnings call transcript

2020 Q3

31 Oct 20

PRFT

Earnings call transcript

2020 Q2

2 Aug 20

Latest ownership filings

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Financial summary

Financial statements Chart PRFT financial data

Quarter (USD)	Sep 22	Jun 22	Mar 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	20.85 mm	20.85 mm	20.85 mm	20.85 mm	20.85 mm	20.85 mm
Cash burn (monthly)	6.01 mm	2.96 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	24.78 mm	12.22 mm	n/a	n/a	n/a	n/a
Cash remaining	-3.93 mm	8.62 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	-0.7	2.9	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Perficient earnings reports.

Institutional ownership, Q3 2022

PRFT institutional ownership history Ownership history

84.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	260	287	-9.4%
Opened positions	33	21	+57.1%
Closed positions	60	44	+36.4%
Increased positions	98	114	-14.0%
Reduced positions	92	112	-17.9%

13F shares	Current	Prev Q	Change
Total value	2.21 bn	2.98 bn	-25.9%
Total shares	29.26 mm	32.09 mm	-8.8%
Total puts	41.60 k	18.50 k	+124.9%
Total calls	51.70 k	114.00 k	-54.6%
Total put/call ratio	0.8	0.2	+395.8%

Largest owners	Shares	Value	Change
BLK Blackrock	5.40 mm	$351.11 mm	+0.2%
Vanguard	3.93 mm	$255.58 mm	+1.3%
Standard Life Aberdeen	1.29 mm	$84.18 mm	+20.1%
Wellington Management	1.24 mm	$80.37 mm	-9.1%
Dimensional Fund Advisors	915.30 k	$59.51 mm	-6.7%
FMR	900.40 k	$58.54 mm	-35.0%
Geode Capital Management	700.39 k	$45.54 mm	+3.0%
Silvercrest Asset Management	666.29 k	$43.32 mm	+8.6%
IVZ Invesco	631.60 k	$41.07 mm	-0.7%
Atlanta Capital Management Co L L C	576.59 k	$37.49 mm	+34.1%

Largest transactions	Shares	Bought/sold	Change
STT State Street	0.00	-1.10 mm	EXIT
Geneva Capital Management	0.00	-823.38 k	EXIT
FMR	900.40 k	-484.74 k	-35.0%
Loomis Sayles & Co L P	0.00	-310.00 k	EXIT
Standard Life Aberdeen	1.29 mm	+216.46 k	+20.1%
Voya Investment Management	16.69 k	-181.33 k	-91.6%
American Century Companies	175.70 k	-172.78 k	-49.6%
Meritage Portfolio Management	0.00	-147.51 k	EXIT
Atlanta Capital Management Co L L C	576.59 k	+146.77 k	+34.1%
Healthcare Of Ontario Pension Plan Trust Fund	137.40 k	+137.40 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

PRFT insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
7 Dec 22	David S Lundeen	Common Stock	Gift	Dispose G	No	No	0	225	0.00	33,737
7 Dec 22	David S Lundeen	Common Stock	Gift	Dispose G	No	No	0	225	0.00	33,962
7 Dec 22	David S Lundeen	Common Stock	Gift	Dispose G	No	No	0	225	0.00	34,187
7 Dec 22	David S Lundeen	Common Stock	Sell	Dispose S	No	No	71.42	4,000	285.68 k	34,412
21 Nov 22	Derrickson Ralph C	Common Stock	Grant	Acquire A	No	No	67.97	735	49.96 k	39,836
21 Nov 22	Derrickson Ralph C	Common Stock	Buy	Acquire P	No	No	68.66	729	50.05 k	39,101
7 Nov 22	Gary Wimberly	Common Stock	Grant	Acquire A	No	No	65.41	151	9.88 k	13,058
7 Nov 22	Gary Wimberly	Common Stock	Buy	Acquire P	No	No	65.05	152	9.89 k	12,907
2 Nov 22	Romil Bahl	Common Stock	Grant	Acquire A	No	No	66.31	150	9.95 k	3,798
2 Nov 22	Romil Bahl	Common Stock	Buy	Acquire P	No	No	66.26	160	10.60 k	3,648

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Morgan Stanley Maintains Equal-Weight on Perficient, Lowers Price Target to $70

27 Jan 23

Morgan Stanley analyst Jonathan Lee maintains Perficient (NASDAQ:PRFT) with a Equal-Weight and lowers the price target from $75 to $70.

Press releases

From Benzinga Pro

Perficient to Announce Fourth Quarter and Full Year 2022 Results, Host Conference Call on February 28

1 Feb 23

Perficient, Inc. (NASDAQ:PRFT) ("Perficient"), the leading global digital consultancy transforming the world's largest enterprises and biggest brands, today announced it will host a conference call on Tuesday, Feb. 28,

Perficient to Launch Bright Paths Program on National Scale

30 Jan 23

Perficient Wins Informatica 2022 Cloud Modernization Channel Partner of the Year Award

17 Jan 23

Perficient to Participate at 25th Annual Needham Growth Conference

9 Jan 23

Perficient Creates Award-Winning Patient Experiences for Becton Dickinson, GoHealth, & Quest Diagnostics

14 Dec 22