Perficient, Inc. (NASDAQ:PRFT – Get Rating) has earned an average rating of “Moderate Buy” from the ten analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $127.71.

Several research firms have weighed in on PRFT. Scotiabank began coverage on shares of Perficient in a research report on Thursday, June 30th. They issued a “sector outperform” rating and a $110.00 price target on the stock. TheStreet upgraded shares of Perficient from a “c+” rating to a “b-” rating in a research report on Thursday, April 28th. Maxim Group reiterated a “buy” rating and issued a $140.00 price target on shares of Perficient in a research report on Friday, April 29th. William Blair restated an “outperform” rating on shares of Perficient in a research report on Thursday, June 9th. Finally, assumed coverage on shares of Perficient in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

In other news, Director Ralph C. Derrickson sold 5,000 shares of the firm’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $96.15, for a total transaction of $480,750.00. Following the sale, the director now directly owns 37,281 shares in the company, valued at approximately $3,584,568.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is owned by company insiders.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. Dupont Capital Management Corp bought a new stake in Perficient in the 4th quarter valued at $1,468,000. Public Employees Retirement Association of Colorado bought a new stake in Perficient in the 4th quarter valued at $564,000. Yarbrough Capital LLC increased its holdings in Perficient by 28.8% in the 1st quarter. Yarbrough Capital LLC now owns 17,101 shares of the digital transformation consultancy’s stock valued at $1,883,000 after acquiring an additional 3,828 shares during the last quarter. Pinnacle Associates Ltd. bought a new stake in Perficient in the 4th quarter valued at $236,000. Finally, Point72 Hong Kong Ltd grew its stake in shares of Perficient by 1,971.4% in the 4th quarter. Point72 Hong Kong Ltd now owns 290 shares of the digital transformation consultancy’s stock worth $37,000 after buying an additional 276 shares in the last quarter. Institutional investors own 89.37% of the company’s stock.

NASDAQ:PRFT opened at $94.50 on Friday. The company’s 50 day moving average price is $95.36 and its 200-day moving average price is $103.15. Perficient has a 52 week low of $80.69 and a 52 week high of $153.28. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.14. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 51.08, a PEG ratio of 1.39 and a beta of 1.47.

Perficient (NASDAQ:PRFT – Get Rating) last posted its quarterly earnings results on Thursday, April 28th. The digital transformation consultancy reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. Perficient had a net margin of 8.07% and a return on equity of 27.60%. The firm had revenue of $222.11 million for the quarter, compared to analysts’ expectations of $219.66 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The business’s revenue for the quarter was up 31.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Perficient will post 3.76 earnings per share for the current year.

Perficient Company Profile (Get Rating)

Perficient, Inc provides digital consultancy services and solutions in the United States. The company offers strategy and consulting solutions in the areas of digital and technology strategy, management consulting, and organizational change management; and data and intelligence solutions in the areas of analytics, artificial intelligence and machine learning, big data, business intelligence, and custom product portfolio.

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Analyst Recommendations for Perficient (NASDAQ:PRFT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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