Perficient, Inc. (NASDAQ:PRFT) has been given a consensus recommendation of “Buy” by the nine ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $40.33.
Several equities research analysts have recently issued reports on PRFT shares. ValuEngine downgraded shares of Perficient from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. William Blair started coverage on shares of Perficient in a research report on Monday, September 9th. They set an “outperform” rating for the company. National Securities started coverage on shares of Perficient in a research report on Tuesday. They set a “buy” rating and a $46.00 price objective for the company. Maxim Group reissued a “buy” rating and set a $41.00 price objective on shares of Perficient in a research report on Wednesday, July 24th. Finally, Barrington Research reaffirmed a “buy” rating and issued a $44.00 target price on shares of Perficient in a research report on Thursday, September 12th.
Shares of PRFT stock opened at $37.97 on Wednesday. The firm has a fifty day moving average of $37.73 and a 200-day moving average of $34.00. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.40. Perficient has a 12-month low of $20.92 and a 12-month high of $39.74. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 31.38, a P/E/G ratio of 2.24 and a beta of 0.81.
Perficient (NASDAQ:PRFT) last issued its quarterly earnings data on Thursday, August 1st. The digital transformation consultancy reported $0.38 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.38. Perficient had a net margin of 5.52% and a return on equity of 12.31%. The company had revenue of $141.90 million during the quarter, compared to the consensus estimate of $137.05 million. During the same quarter in the prior year, the firm earned $0.38 earnings per share. The firm’s revenue was up 16.5% compared to the same quarter last year. On average, equities analysts expect that Perficient will post 1.58 EPS for the current year.
In related news, Director David S. Lundeen sold 10,000 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $36.09, for a total value of $360,900.00. Following the completion of the transaction, the director now owns 48,857 shares of the company’s stock, valued at $1,763,249.13. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Jeffrey S. Davis sold 25,302 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $36.42, for a total transaction of $921,498.84. Following the completion of the transaction, the chairman now directly owns 429,691 shares of the company’s stock, valued at approximately $15,649,346.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,230 shares of company stock valued at $1,564,239. 2.90% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. CWM LLC lifted its stake in Perficient by 1,766.7% in the third quarter. CWM LLC now owns 672 shares of the digital transformation consultancy’s stock valued at $26,000 after acquiring an additional 636 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Perficient by 187.3% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,586 shares of the digital transformation consultancy’s stock valued at $54,000 after acquiring an additional 1,034 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in Perficient by 84.9% in the second quarter. Meeder Asset Management Inc. now owns 2,209 shares of the digital transformation consultancy’s stock valued at $76,000 after acquiring an additional 1,014 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Perficient in the second quarter valued at $101,000. Finally, Advisor Group Inc. lifted its stake in Perficient by 397.6% in the second quarter. Advisor Group Inc. now owns 4,339 shares of the digital transformation consultancy’s stock valued at $149,000 after acquiring an additional 3,467 shares during the last quarter. 90.94% of the stock is owned by institutional investors and hedge funds.
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, commerce, content management, 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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