Shares of Perficient, Inc. (NASDAQ:PRFT) have received a consensus rating of “Buy” from the eight research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $44.20.
Several equities analysts recently issued reports on PRFT shares. ValuEngine lowered shares of Perficient from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised Perficient from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Friday, October 4th. William Blair initiated coverage on Perficient in a report on Monday, September 9th. They issued an “outperform” rating on the stock. Barrington Research reissued a “buy” rating and issued a $44.00 price target on shares of Perficient in a research report on Thursday, September 12th. Finally, National Securities assumed coverage on Perficient in a research note on Tuesday, October 22nd. They set a “buy” rating and a $46.00 price objective for the company.
In related news, Director David S. Lundeen sold 8,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.96, for a total transaction of $343,680.00. Following the completion of the sale, the director now owns 41,707 shares of the company’s stock, valued at $1,791,732.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.90% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC increased its position in shares of Perficient by 583.0% during the second quarter. SG Americas Securities LLC now owns 102,832 shares of the digital transformation consultancy’s stock worth $3,529,000 after purchasing an additional 87,775 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in Perficient by 130.9% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 90,505 shares of the digital transformation consultancy’s stock valued at $3,106,000 after buying an additional 51,300 shares in the last quarter. Boston Advisors LLC purchased a new stake in Perficient in the second quarter valued at about $1,175,000. Aperio Group LLC raised its stake in Perficient by 4.7% in the second quarter. Aperio Group LLC now owns 14,166 shares of the digital transformation consultancy’s stock valued at $486,000 after buying an additional 642 shares during the last quarter. Finally, Advisor Group Inc. boosted its holdings in Perficient by 397.6% in the second quarter. Advisor Group Inc. now owns 4,339 shares of the digital transformation consultancy’s stock worth $149,000 after acquiring an additional 3,467 shares in the last quarter. Institutional investors own 92.82% of the company’s stock.
Shares of Perficient stock opened at $43.68 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.69 and a quick ratio of 2.69. Perficient has a 1 year low of $20.92 and a 1 year high of $44.24. The firm’s 50-day moving average is $41.17 and its two-hundred day moving average is $37.02. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 2.23 and a beta of 0.81.
Perficient (NASDAQ:PRFT) last posted its earnings results on Thursday, November 7th. The digital transformation consultancy reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.04. Perficient had a net margin of 5.94% and a return on equity of 13.21%. The business had revenue of $144.68 million for the quarter, compared to the consensus estimate of $143.17 million. During the same quarter last year, the firm posted $0.41 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, equities analysts expect that Perficient will post 1.65 earnings per share for the current year.
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, 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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