Perficient (PRFT) Given Daily News Sentiment Rating of 0.16

News articles about Perficient (NASDAQ:PRFT) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Perficient earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the digital transformation consultancy an impact score of 46.838859728031 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news headlines that may have effected Accern Sentiment’s scoring:

PRFT opened at $24.63 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.72 and a quick ratio of 2.72. Perficient has a 12 month low of $24.55 and a 12 month high of $24.71. The firm has a market capitalization of $863.82 million, a P/E ratio of 25.93 and a beta of 0.68.

Perficient (NASDAQ:PRFT) last released its quarterly earnings data on Tuesday, May 1st. The digital transformation consultancy reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. Perficient had a net margin of 4.20% and a return on equity of 9.70%. The business had revenue of $120.94 million during the quarter, compared to analysts’ expectations of $115.90 million. During the same quarter in the prior year, the company earned $0.24 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. sell-side analysts forecast that Perficient will post 1.15 earnings per share for the current fiscal year.

Perficient announced that its board has approved a share buyback plan on Thursday, March 1st that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the digital transformation consultancy to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

A number of research firms have recently weighed in on PRFT. Maxim Group reissued a “buy” rating and issued a $27.00 price target on shares of Perficient in a research note on Wednesday, April 11th. BidaskClub upgraded shares of Perficient from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 27th. Zacks Investment Research upgraded shares of Perficient from a “sell” rating to a “hold” rating in a research report on Friday, April 27th. Needham & Company LLC restated a “buy” rating and issued a $25.00 price objective on shares of Perficient in a research report on Thursday, March 1st. Finally, SunTrust Banks upped their price objective on shares of Perficient to $26.00 and gave the company a “buy” rating in a research report on Monday, March 5th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. Perficient has an average rating of “Buy” and a consensus price target of $26.25.

In other Perficient news, COO Kathryn J. Henely sold 41,703 shares of the stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $24.18, for a total transaction of $1,008,378.54. Following the completion of the transaction, the chief operating officer now owns 234,298 shares in the company, valued at approximately $5,665,325.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Jeffrey S. Davis sold 43,413 shares of the stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $23.91, for a total value of $1,038,004.83. The disclosure for this sale can be found here. In the last 90 days, insiders sold 139,975 shares of company stock valued at $3,283,652. 3.70% of the stock is owned by corporate insiders.

Perficient Company Profile

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.

Insider Buying and Selling by Quarter for Perficient (NASDAQ:PRFT)

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