Perficient, Inc. (PRFT) Receives Average Rating of “Buy” from Analysts

Share on StockTwits

Perficient, Inc. (NASDAQ:PRFT) has earned a consensus rating of “Buy” from the seven research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $25.50.

A number of brokerages recently issued reports on PRFT. Zacks Investment Research lowered shares of Perficient from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine lowered shares of Perficient from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 26th. BidaskClub lowered shares of Perficient from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 8th. Finally, Maxim Group restated a “hold” rating on shares of Perficient in a research report on Monday, April 23rd.

Shares of Perficient opened at $26.37 on Thursday, according to Marketbeat Ratings. Perficient has a 1 year low of $16.70 and a 1 year high of $27.51. The company has a market cap of $924.12 million, a P/E ratio of 27.76 and a beta of 0.67. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.15.

Perficient (NASDAQ:PRFT) last announced its earnings results on Tuesday, May 1st. The digital transformation consultancy reported $0.35 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $120.94 million for the quarter, compared to analyst estimates of $115.90 million. During the same quarter last year, the business earned $0.24 earnings per share. Perficient’s revenue was up 8.9% compared to the same quarter last year. sell-side analysts anticipate that Perficient will post 1.15 earnings per share for the current year.

In other Perficient news, COO Kathryn J. Henely sold 41,703 shares of Perficient stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of $24.18, for a total value of $1,008,378.54. Following the transaction, the chief operating officer now owns 234,298 shares in the company, valued at approximately $5,665,325.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James R. Kackley sold 4,000 shares of Perficient stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $26.79, for a total transaction of $107,160.00. Following the completion of the transaction, the director now owns 38,624 shares in the company, valued at approximately $1,034,736.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 142,205 shares of company stock worth $3,572,161. 3.50% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in PRFT. Schwab Charles Investment Management Inc. boosted its holdings in shares of Perficient by 6.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 148,919 shares of the digital transformation consultancy’s stock valued at $2,840,000 after purchasing an additional 8,740 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Perficient in the 4th quarter valued at $231,000. First Trust Advisors LP boosted its holdings in shares of Perficient by 12.1% in the 4th quarter. First Trust Advisors LP now owns 31,248 shares of the digital transformation consultancy’s stock valued at $596,000 after purchasing an additional 3,365 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Perficient by 14.2% in the 4th quarter. Wells Fargo & Company MN now owns 75,648 shares of the digital transformation consultancy’s stock valued at $1,442,000 after purchasing an additional 9,417 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of Perficient by 221.9% in the 4th quarter. Arizona State Retirement System now owns 58,670 shares of the digital transformation consultancy’s stock valued at $1,119,000 after purchasing an additional 40,445 shares during the last quarter. Institutional investors own 80.28% of the company’s stock.

About Perficient

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.

Receive News & Ratings for Perficient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perficient and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply