Company profile

Ticker
PRFT
Exchange
CEO
Jeffrey S. Davis
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
742853258

PRFT stock data

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FINRA relative short interest over last month (20 trading days) ?

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

25 Feb 20
26 Feb 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 145.16M 144.68M 141.87M 133.82M
Net income 11.79M 9.78M 8.53M 7.03M
Diluted EPS 0.36 0.3 0.27 0.22
Net profit margin 8.12% 6.76% 6.01% 5.25%
Operating income 15.61M 15.81M 13.38M 10.53M
Net change in cash 34.31M 2.14M 6.55M -17.25M
Cash on hand 70.73M 36.42M 34.28M 27.73M
Cost of revenue 89.39M 89.24M 89.52M 86.07M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 565.53M 498.38M 485.26M 486.98M
Net income 37.13M 24.56M 18.58M 20.46M
Diluted EPS 1.15 0.73 0.55 0.58
Net profit margin 6.56% 4.93% 3.83% 4.20%
Operating income 55.33M 35.94M 28.98M 32.21M
Net change in cash 25.74M 38.68M -3.81M 1.3M
Cash on hand 70.73M 44.98M 6.31M 10.11M
Cost of revenue 354.21M 319.83M 323.75M 335.7M

Financial data from Perficient earnings reports

92.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 244 225 +8.4%
Opened positions 45 37 +21.6%
Closed positions 26 24 +8.3%
Increased positions 62 61 +1.6%
Reduced positions 104 91 +14.3%
13F shares
Current Prev Q Change
Total value 1.41B 1.15B +22.3%
Total shares 30.52M 29.83M +2.3%
Total puts 42.9K 167.3K -74.4%
Total calls 232.2K 234.8K -1.1%
Total put/call ratio 0.2 0.7 -74.1%
Largest owners
Shares Value Change
BLK BlackRock 5.21M $240.12M +2.1%
Dimensional Fund Advisors 2.21M $101.95M -0.7%
Vanguard 2.2M $101.51M -1.8%
STT State Street 998.99K $46.02M -1.2%
NTRS Northern Trust 832.43K $38.35M -2.0%
FHI Federated Hermes 768.33K $35.4M +21.9%
Driehaus Capital Management 588.15K $27.1M +14.8%
JPM JPMorgan Chase & Co. 586.43K $27.02M -32.1%
Robeco Institutional Asset Management B.V. 578.42K $26.65M +147.9%
RY Royal Bank of Canada 525.16K $24.19M -7.1%
Largest transactions
Shares Bought/sold Change
IVZ Invesco 282.24K -429.83K -60.4%
Emerald Advisers 506.69K +384.14K +313.5%
Emerald Mutual Fund Advisers Trust 490.02K +358.15K +271.6%
Robeco Institutional Asset Management B.V. 578.42K +345.12K +147.9%
SLA Standard Life Aberdeen 323.44K +323.44K NEW
Foresters Investment Management 0 -306.2K EXIT
JPM JPMorgan Chase & Co. 586.43K -277.79K -32.1%
Millennium Management 13.58K -243.38K -94.7%
SG Capital Management 200.11K +200.11K NEW
Monarch Partners Asset Management 0 -195.1K EXIT

Financial report summary

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Risks
  • Our results of operations could be adversely affected by volatile, negative or uncertain economic and political conditions and the effects of these conditions on our clients’ businesses and levels of business activity.
  • We face risks associated with potential changes to federal, state, local and foreign laws, regulations and policies.
  • Our business depends on generating and maintaining ongoing, profitable client demand for our services and solutions, and a significant reduction in such demand could materially affect our results of operations.
  • If we are unable to keep our supply of skills and resources in balance with client demand and attract and retain professionals with strong leadership skills, our business, the utilization rate of our professionals and our results of operations may be materially adversely affected.
  • The markets in which we operate are highly competitive, and we might not be able to compete effectively.
  • We could have significant liability or our reputation could be damaged if we fail to protect client and Company data or information systems or if our information systems are breached.
  • We might not be successful at identifying, acquiring, or integrating other businesses.
  • Servicing our debt may require a significant amount of cash. We may not have sufficient cash flow from our business to pay our indebtedness, and we may not have the ability to raise the funds necessary to settle for cash conversions of the Notes or to repurchase the Notes for cash upon a fundamental change, which could adversely affect our business and results of operations.
  • The conditional conversion feature of the Notes, if triggered, may adversely affect our financial condition and operating results.
  • Transactions relating to our Notes may affect the value of our common stock.
  • We are subject to counterparty risk with respect to the Notes Hedges.
  • International operations subject us to additional political and economic risks that could have an adverse impact on our business.
  • Immigration restrictions related to H1-B visas could hinder our growth and adversely affect our business, financial condition and results of operations.
  • Our results of operations could materially suffer if we are not able to obtain favorable pricing.
  • If our negotiated fees do not accurately anticipate the cost and complexity of performing our work, then our contracts could be unprofitable.
  • Our business could be materially adversely affected if we incur legal liability in connection with providing our services and solutions.
  • Our results of operations and ability to grow could be materially negatively affected if we cannot adapt and expand our services and solutions in response to ongoing changes in technology and offerings by new entrants.
  • The loss of one or more of our significant software vendors could have a material and adverse effect on our business and results of operations.
  • Our services could infringe upon the intellectual property rights of others.
  • We have only a limited ability to protect our intellectual property rights, which are important to our success.
  • Our ability to attract and retain business may depend upon our reputation in the marketplace.
  • Our profitability could suffer if our cost-management strategies are unsuccessful.
  • We make estimates and assumptions in connection with the preparation of our consolidated financial statements, and any changes to those estimates and assumptions could adversely affect our financial results.
  • Our results of operations and share price could be adversely affected if we are unable to maintain effective internal controls.
  • Changes in our level of taxes, audits, investigations and tax proceedings, or changes in tax laws or their interpretation or enforcement could have a material adverse effect on our results of operations and financial condition.
  • Our results of operations could be adversely affected by fluctuations in foreign currency exchange rates.
  • If we do not effectively manage expected future growth, our results of operations and cash flows could be adversely affected.
  • If we are unable to collect our receivables or unbilled services, our results of operations, financial condition, and cash flows could be adversely affected.
  • Our stock price and results of operations could fluctuate and be difficult to predict.
  • We may need additional capital in the future, which may not be available to us. The raising of any additional capital may dilute your ownership percentage in our stock.
  • Our officers, directors, and 5% and greater stockholders own a large percentage of our voting securities and their interests may differ from other stockholders.
  • It may be difficult for another company to acquire us, and this could depress our stock price.
Management Discussion
  • A discussion of changes in our financial condition and results of operations during the year ended December 31, 2018 compared to the year ended December 31, 2017 has been omitted from this Annual Report on Form 10-K, but may be found in “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2018, filed with the SEC on February 26, 2019, which is available free of charge on the SEC’s website at www.sec.gov and on our investor relations website at www.perficient.com.
  • Revenues. Total revenues increased 13% to $565.5 million for the year ended December 31, 2019 from $498.4 million for the year ended December 31, 2018.
  • Services revenues increased 14% to $561.9 million for the year ended December 31, 2019 from $494.0 million for the year ended December 31, 2018. Services revenues attributable to our base business increased $47.9 million while services revenues attributable to acquired companies was $20.0 million, resulting in a total increase of $67.9 million.
Content analysis ?
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Constraining
Legalese
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Readability
H.S. freshman Avg
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