Perficient (PRFT) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Perficient in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PRFT shares.
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9 equities research analysts have issued 1-year target prices for Perficient's shares. Their PRFT share price forecasts range from $70.00 to $110.00. On average, they expect the company's stock price to reach $87.00 in the next twelve months. This suggests a possible upside of 14.9% from the stock's current price.
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Perficient's stock was trading at $69.83 at the beginning of the year. Since then, PRFT shares have increased by 8.5% and is now trading at $75.75.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Perficient, Inc. (NASDAQ:PRFT) posted its quarterly earnings data on Thursday, October, 28th. The digital transformation consultancy reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.03. The digital transformation consultancy earned $192.80 million during the quarter, compared to analysts' expectations of $189.51 million. Perficient had a trailing twelve-month return on equity of 32.14% and a net margin of 11.38%. The firm's revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share.

ETFs with the largest weight of Perficient (NASDAQ:PRFT) stock in their portfolio include Invesco S&P SmallCap Information Technology ETF (PSCT), Janus Henderson Small Cap Growth Alpha ETF (JSML), SPDR FactSet Innovative Technology ETF (XITK), SPDR S&P Software & Services ETF (XSW), Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD), Xtrackers S&P SmallCap 600 ESG ETF (SMLE), SPDR S&P SmallCap 600 ESG ETF (ESIX) and Syntax Stratified SmallCap ETF (SSLY).

Perficient issued an update on its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of $1.08-$1.13 for the period, compared to the consensus earnings per share estimate of $1.13. The company issued revenue guidance of $231.00 million-$237.00 million, compared to the consensus revenue estimate of $235.58 million.

472 employees have rated Perficient Chief Executive Officer Jeffrey Davis on Glassdoor.com. Jeffrey Davis has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Perficient investors own include NVIDIA (NVDA), Alteryx (AYX), Marvell Technology (MRVL), Block (SQ), Bank of America (BAC), JD.com (JD), Alibaba Group (BABA), Intuitive Surgical (ISRG), Salesforce (CRM) and Advanced Micro Devices (AMD).

Perficient trades on the NASDAQ under the ticker symbol "PRFT."

Perficient's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Wellington Management Group LLP (5.01%), abrdn plc (2.89%), Dimensional Fund Advisors LP (2.65%), Victory Capital Management Inc. (2.57%), Silvercrest Asset Management Group LLC (2.30%) and Geode Capital Management LLC (1.91%). Insiders that own company stock include Brian L Matthews, David S Lundeen, Gary Wimberly, Jeffrey S Davis, Jeffrey S Davis, Nancy C Pechloff, Paul E Martin, Ralph C Derrickson, Romil Bahl, Thomas J Hogan and Thomas J Hogan.
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Shares of PRFT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PRFT stock can currently be purchased for approximately $75.75.

Perficient (NASDAQ:PRFT) has a market capitalization of $2.64 billion and generates $905.06 million in revenue each year. The digital transformation consultancy earns $104.39 million in net income (profit) each year or $2.90 on an earnings per share basis.

The company employs 6,893 workers across the globe.

Perficient's mailing address is 555 MARYVILLE UNIVERSITY DRIVE SUITE 600, SAINT LOUIS MO, 63141. The official website for the company is www.perficient.com. The digital transformation consultancy can be reached via phone at (314) 529-3600 or via fax at 314-529-3640.