NasdaqGS:PRFT

Stock Analysis Report

Executive Summary

Perficient, Inc. provides information technology and management consulting services in the United States.

Snowflake

Fundamentals

Proven track record with adequate balance sheet.


Similar Companies

Share Price & News

How has Perficient's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.4%

PRFT

-1.5%

US IT

0.5%

US Market


1 Year Return

48.3%

PRFT

21.3%

US IT

6.8%

US Market

Return vs Industry: PRFT exceeded the US IT industry which returned 21.3% over the past year.

Return vs Market: PRFT exceeded the US Market which returned 6.8% over the past year.


Shareholder returns

PRFTIndustryMarket
7 Day1.4%-1.5%0.5%
30 Day0.4%-0.8%-0.8%
90 Day7.3%-4.5%-0.9%
1 Year48.3%48.3%22.5%21.3%9.2%6.8%
3 Year107.2%107.2%94.0%86.1%45.6%36.2%
5 Year165.3%165.3%149.1%126.3%63.2%45.4%

Price Volatility Vs. Market

How volatile is Perficient's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Perficient undervalued compared to its fair value and its price relative to the market?

2.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PRFT ($38.12) is trading below our estimate of fair value ($38.9)

Significantly Below Fair Value: PRFT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PRFT is poor value based on its PE Ratio (41.2x) compared to the IT industry average (35.5x).

PE vs Market: PRFT is poor value based on its PE Ratio (41.2x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: PRFT is poor value based on its PEG Ratio (2.4x)


Price to Book Ratio

PB vs Industry: PRFT is good value based on its PB Ratio (3.3x) compared to the US IT industry average (4.2x).


Next Steps

Future Growth

How is Perficient forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

17.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PRFT's forecast earnings growth (17.3% per year) is above the savings rate (2.7%).

Earnings vs Market: PRFT's earnings (17.3% per year) are forecast to grow faster than the US market (14.6% per year).

High Growth Earnings: PRFT's earnings are forecast to grow, but not significantly.

Revenue vs Market: PRFT's revenue (7.9% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: PRFT's revenue (7.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PRFT's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Perficient performed over the past 5 years?

1.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PRFT's earnings have grown by 1.2% per year over the past 5 years.

Accelerating Growth: PRFT's earnings growth over the past year (21%) exceeds its 5-year average (1.2% per year).

Earnings vs Industry: PRFT earnings growth over the past year (21%) exceeded the IT industry 9.8%.


Return on Equity

High ROE: PRFT's Return on Equity (8.2%) is considered low.


Return on Assets

ROA vs Industry: PRFT has a higher Return on Assets than the IT industry average last year.


Return on Capital Employed

ROCE Improving: PRFT's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Perficient's financial position?


Financial Position Analysis

Short Term Liabilities: PRFT's short term assets ($170.0M) exceeds its short term liabilities ($74.0M)

Long Term Liabilities: PRFT's short term assets (170.0M) do not cover its long term liabilities (171.6M)


Debt to Equity History and Analysis

Debt Level: PRFT's debt to equity ratio (34.1%) is considered satisfactory

Reducing Debt: PRFT's debt to equity ratio has increased from 24.5% to 34.1% over the past 5 years.

Debt Coverage: PRFT's debt is well covered by operating cash flow (51.4%).

Interest Coverage: PRFT's interest payments on its debt are well covered by EBIT (7.4x coverage).


Balance Sheet

Inventory Level: PRFT has a low level of unsold assets or inventory.

Debt Coverage by Assets: PRFT's debt is covered by short term assets (assets are 1.389310x debt).


Next Steps

Dividend

What is Perficient's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate PRFT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate PRFT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if PRFT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PRFT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PRFT's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Perficient's salary, the management and board of directors tenure and is there insider trading?

2.3yrs

Average management tenure


CEO

Jeff Davis (55yo)

10.1yrs

Tenure

US$5,154,291

Compensation

Mr. Jeffrey S. Davis, also known as Jeff, has been the Chief Executive Officer of Perficient, Inc. since September 1, 2009 and has been its President since 2004. Mr. Davis served as Chief Operating Officer ...


CEO Compensation Analysis

Compensation vs. Market: Jeff's total compensation ($USD5.15M) is about average for companies of similar size in the US market ($USD4.00M).

Compensation vs Earnings: Jeff's compensation has increased by more than 20% in the past year.


Management Age and Tenure

2.3yrs

Average Tenure

55yo

Average Age

Experienced Management: PRFT's management team is considered experienced (2.3 years average tenure).


Board Age and Tenure

2.7yrs

Average Tenure

58.5yo

Average Age

Experienced Board: PRFT's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: PRFT insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

BuyUS$24,99722 Aug 19
Ralph Derrickson
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares689
Max PriceUS$36.28
SellUS$360,90020 Aug 19
David Lundeen
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares10,000
Max PriceUS$36.09
SellUS$281,84009 Aug 19
James Kackley
EntityIndividual
Role
Lead Director
Lead Director
Shares7,928
Max PriceUS$35.59
BuyUS$24,84814 Mar 19
Gary Wimberly
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares861
Max PriceUS$28.86
SellUS$621,48405 Mar 19
Paul Martin
EntityIndividual
Role
Chief Financial Officer
CFO, Treasurer & Secretary
Shares21,370
Max PriceUS$29.20
SellUS$452,38905 Mar 19
Thomas Hogan
EntityIndividual
Role
Chief Operating Officer
Chief Operating Officer
Shares15,593
Max PriceUS$29.20
SellUS$1,677,84605 Mar 19
Jeffrey Davis
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares57,676
Max PriceUS$29.20
BuyUS$23,60017 Dec 18
David Lundeen
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceUS$23.60
BuyUS$25,16015 Nov 18
James Kackley
EntityIndividual
Role
Lead Director
Lead Director
Shares1,000
Max PriceUS$25.16

Ownership Breakdown


Management Team

  • Jeff Davis (55yo)

    Chairman

    • Tenure: 10.1yrs
    • Compensation: US$5.15m
  • Paul Martin (58yo)

    CFO, Treasurer & Secretary

    • Tenure: 13.2yrs
    • Compensation: US$1.68m
  • Eric Roch

    CTO and Chief Strategist of IT Modernization & Integration

    • Tenure: 0yrs
  • Bill Davis

    Vice President of Marketing & Communications

    • Tenure: 0yrs
  • Tom Hogan (42yo)

    Chief Operating Officer

    • Tenure: 0.9yrs
    • Compensation: US$962.11k
  • Patrick Schwierking

    Vice President of Sales & North America East Region

    • Tenure: 2.3yrs
  • Susan Adomite

    Vice President & Controller

    • Tenure: 1yrs

Board Members

  • David Lundeen (57yo)

    Independent Director

    • Tenure: 21.5yrs
    • Compensation: US$118.27k
  • Ralph Derrickson (60yo)

    Independent Director

    • Tenure: 15.3yrs
    • Compensation: US$104.92k
  • Jeff Davis (55yo)

    Chairman

    • Tenure: 10.1yrs
    • Compensation: US$5.15m
  • James Kackley (77yo)

    Lead Director

    • Tenure: 2.7yrs
    • Compensation: US$131.92k
  • Gary Wimberly (57yo)

    Independent Director

    • Tenure: 1.4yrs
    • Compensation: US$186.92k
  • Brian Matthews (61yo)

    Independent Director

    • Tenure: 2.5yrs
    • Compensation: US$79.92k

Company Information

Perficient, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Perficient, Inc.
  • Ticker: PRFT
  • Exchange: NasdaqGS
  • Founded: 1997
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: US$1.252b
  • Shares outstanding: 32.84m
  • Website: https://www.perficient.com

Number of Employees


Location

  • Perficient, Inc.
  • 555 Maryville University Drive
  • Suite 600
  • St. Louis
  • Missouri
  • 63141
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PRFTNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJul 1999
PFSDB (Deutsche Boerse AG)YesCommon StockDEEURJul 1999

Biography

Perficient, Inc. provides information technology and management consulting services in the United States. The company designs, builds, and delivers solutions using middleware software products developed by ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 23:42
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.