Perficient Stock Price, News & Analysis (NASDAQ:PRFT)

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Perficient in the last twelve months. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PRFT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PRFT, but not buy additional shares or sell existing shares.
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7 Wall Street research analysts have issued 12 month price objectives for Perficient's stock. Their PRFT share price targets range from $69.00 to $93.00. On average, they anticipate the company's stock price to reach $74.57 in the next year. This suggests a possible upside of 19.3% from the stock's current price.
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Perficient's stock was trading at $69.83 on January 1st, 2023. Since then, PRFT stock has decreased by 10.5% and is now trading at $62.49.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
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Perficient, Inc. (NASDAQ:PRFT) released its quarterly earnings data on Tuesday, October, 31st. The digital transformation consultancy reported $0.92 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.92. The digital transformation consultancy earned $223.20 million during the quarter, compared to analyst estimates of $221.99 million. Perficient had a net margin of 11.13% and a trailing twelve-month return on equity of 26.10%. The firm's revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm posted $0.96 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) and Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG).SPDR S&P 600 Small Cap ETF (SLY).

Perficient issued an update on its fourth quarter earnings guidance on Tuesday, October, 31st. The company provided earnings per share guidance of $0.98-$1.03 for the period, compared to the consensus estimate of $1.01. The company issued revenue guidance of $221-$226 million, compared to the consensus revenue estimate of $222.11 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's stock is owned by many different institutional and retail investors. Top institutional shareholders include Congress Asset Management Co. MA (3.96%), Victory Capital Management Inc. (3.34%), William Blair Investment Management LLC (1.62%), Royal Bank of Canada (1.46%), Northern Trust Corp (1.43%) and Lord Abbett & CO. LLC (1.34%). 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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