Perficient, Inc. (NASDAQ:PRFT) has received a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $32.00.
PRFT has been the subject of a number of research analyst reports. BidaskClub lowered Perficient from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. SunTrust Banks lifted their price objective on Perficient to $33.00 and gave the stock a “buy” rating in a report on Friday, September 14th. Maxim Group began coverage on Perficient in a report on Tuesday, October 2nd. They issued a “buy” rating and a $34.00 price objective for the company. Zacks Investment Research lowered Perficient from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Barrington Research began coverage on Perficient in a report on Wednesday, October 10th. They issued an “outperform” rating and a $31.00 price objective for the company.
Perficient stock opened at $25.69 on Wednesday. The firm has a market capitalization of $853.77 million, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 1.57 and a beta of 0.87. Perficient has a 12 month low of $17.86 and a 12 month high of $31.09. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.93 and a quick ratio of 2.93.
Perficient (NASDAQ:PRFT) last posted its earnings results on Thursday, November 1st. The digital transformation consultancy reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.11. The business had revenue of $123.90 million during the quarter, compared to analyst estimates of $124.91 million. Perficient had a return on equity of 10.69% and a net margin of 4.70%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 EPS. Equities research analysts forecast that Perficient will post 1.17 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in shares of Perficient by 2.9% in the third quarter. BlackRock Inc. now owns 5,072,288 shares of the digital transformation consultancy’s stock worth $135,176,000 after acquiring an additional 144,771 shares during the period. Investment Counselors of Maryland LLC grew its holdings in shares of Perficient by 0.9% in the second quarter. Investment Counselors of Maryland LLC now owns 1,016,775 shares of the digital transformation consultancy’s stock worth $26,812,000 after acquiring an additional 8,794 shares during the period. Northern Trust Corp grew its holdings in shares of Perficient by 6.1% in the second quarter. Northern Trust Corp now owns 871,385 shares of the digital transformation consultancy’s stock worth $22,978,000 after acquiring an additional 49,932 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Perficient by 2.4% in the second quarter. Russell Investments Group Ltd. now owns 453,246 shares of the digital transformation consultancy’s stock worth $11,952,000 after acquiring an additional 10,640 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Perficient by 3.2% in the third quarter. Bank of New York Mellon Corp now owns 444,431 shares of the digital transformation consultancy’s stock worth $11,844,000 after acquiring an additional 13,745 shares during the period. 83.05% of the stock is owned by institutional investors.
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 third-party vendors. Its solutions include portals and collaboration, such as searchable data systems, collaborative systems for process improvement, transaction processing, unified and extended reporting, and other services; and platform implementations services, including application server selection, architecture planning, installation and configuration, clustering for availability, performance assessment and issue remediation, security, and technology migrations.
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