NASDAQ:PRFT

Perficient (PRFT) Stock Forecast, Price & News

$59.76

+0.47 (+0.79%)

(As of 09/22/2023 ET)

Compare

Today's Range: $59.17
▼
$60.00
50-Day Range: $58.31
▼
$96.31
52-Week Range: $58.00
▼
$96.93

Volume: 171,390 shs
Average Volume: 243,287 shs
Market Capitalization: $2.08 billion

P/E Ratio: 20.90
Dividend Yield: N/A
Price Target: $76.29

Perficient MarketRank™ Forecast

Analyst Rating: Hold
2.29 Rating Score
Upside/Downside: 27.7% Upside
$76.29 Price Target
Short Interest: Healthy
2.78% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -1.37
Upright™ Environmental Score
News Sentiment: 1.71
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 10.03%
From $3.39 to $3.73 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.51 out of 5 stars

Computer And Technology Sector

194th out of 585 stocks

Custom Computer Programming Services Industry

9th out of 23 stocks

3.1

Analyst's Opinion

Consensus Rating
Perficient has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 2 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $76.29, Perficient has a forecasted upside of 27.7% from its current price of $59.76.
Amount of Analyst Coverage
Perficient has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.78% of the outstanding shares of Perficient have been sold short.
Short Interest Ratio / Days to Cover
Perficient has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Perficient has recently increased by 6.53%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Perficient does not currently pay a dividend.
Dividend Growth
Perficient does not have a long track record of dividend growth.

3.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Perficient has received a 39.03% net impact score from Upright. The largest positive contribution comes from its "Distributing knowledge" impact, which is mostly driven by its "IT consulting services for the telecommunications industry", "IT consulting services for the finance industry", "IT consulting services for the transportation industry", and "IT consulting services for the consumer goods industry" products. See details.
Environmental Sustainability
The Environmental Impact score for Perficient is -1.37.

2.6

News and Social Media Coverage

News Sentiment
Perficient has a news sentiment score of 1.71. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Perficient this week, compared to 3 articles on an average week.
Search Interest
Only 3 people have searched for PRFT on MarketBeat in the last 30 days. This is a decrease of -70% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Perficient insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.50% of the stock of Perficient is held by insiders.
Percentage Held by Institutions
93.39% of the stock of Perficient is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Perficient are expected to grow by 10.03% in the coming year, from $3.39 to $3.73 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Perficient is 20.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.52.
Price to Earnings Ratio vs. Sector
The P/E ratio of Perficient is 20.90, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 274.83.
Price to Earnings Growth Ratio
Perficient has a PEG Ratio of 1.77. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Perficient has a P/B Ratio of 5.05. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Perficient (NASDAQ:PRFT) Stock

Perficient, Inc. provides digital consultancy services and solutions in the United States. It offers strategy and transformation solution in digital strategy, technology strategy, business velocity and growth, 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. The company also provides platform and technology solutions across blockchain, cloud, commerce, corporate performance and customer relationship management, content management systems, customer experience platforms, custom application development, DevOps, enterprise resource planning, integration and APIs, intelligent automation, Internet of Things, mobile, portals and collaboration, supply chain, product information management, and order management systems. In addition, it offers customer and digital marketing solutions, which includes analytics, content architecture, conversion rate optimization, creative design, email marketing, journey sciences, paid media, paid search, marketing automation research, SEO services, and social media; innovation and production development solutions including product development services, and a robust suite of proprietary products; and optimized global delivery solutions. It serves the healthcare, financial services, manufacturing, automotive, consumer, telecommunications, energy and utilities, and life sciences markets. The company was incorporated in 1999 and is headquartered in St. Louis, Missouri.

PRFT Price History

30 days | 90 days | 365 days | Advanced Chart

PRFT Stock News Headlines

August 24, 2023 | finance.yahoo.com

Perficient (PRFT) Introduces New Generative AI Initiatives

August 23, 2023 | finance.yahoo.com

Perficient Announces New and Expanded Generative AI Initiatives

September 22, 2023 | Chaikin Analytics (Ad)

This Stock Could Go Up 66% or More.

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August 22, 2023 | finance.yahoo.com

Perficient, Inc.'s (NASDAQ:PRFT) Intrinsic Value Is Potentially 26% Above Its Share Price

August 21, 2023 | bizjournals.com

Digital consultancy Perficient creates new innovation team focused on generative AI

August 21, 2023 | finance.yahoo.com

Perficient Receives 2023 Sitecore Partner Award for Business Impact

August 3, 2023 | msn.com

Perficient (PRFT) Price Target Decreased by 5.61% to 80.75

August 2, 2023 | finance.yahoo.com

Perficient and Sunbelt Rentals Increase Ecommerce Transactions with Adobe Experience Cloud Solution

September 22, 2023 | Chaikin Analytics (Ad)

This Stock Could Go Up 66% or More.

Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.

July 28, 2023 | msn.com

Scotiabank Downgrades Perficient (PRFT)

July 28, 2023 | msn.com

JP Morgan Downgrades Perficient (PRFT)

July 28, 2023 | finance.yahoo.com

4 big analyst cuts: Snap slashed to Hold, Southwest gets several downgrades

July 27, 2023 | msn.com

Perficient GAAP EPS of $0.73, revenue of $231.1M

July 27, 2023 | marketwatch.com

Perficient Names Hogan to Succeed Davis as CEO >PRFT

July 27, 2023 | finance.yahoo.com

Perficient Announces Leadership Succession Plan

July 27, 2023 | bizjournals.com

Longtime St. Louis-area public company CEO to step down, successor named

July 27, 2023 | finance.yahoo.com

Perficient (PRFT) Lags Q2 Earnings and Revenue Estimates

July 27, 2023 | seekingalpha.com

Perficient's Bookings Grow But Clients Remain Conservative

June 29, 2023 | finance.yahoo.com

Perficient Named a 2023 Top Workplace in the United States

June 28, 2023 | finance.yahoo.com

Perficient to Announce Second Quarter 2023 Results, Host Conference Call on July 27

June 9, 2023 | finance.yahoo.com

Should You Be Adding Perficient (NASDAQ:PRFT) To Your Watchlist Today?

May 26, 2023 | finance.yahoo.com

Pleasing Signs As A Number Of Insiders Buy Perficient Stock

May 26, 2023 | finance.yahoo.com

Pleasing Signs As A Number Of Insiders Buy Perficient Stock \

May 22, 2023 | finance.yahoo.com

Perficient to Present at 51st Annual J.P. Morgan Global Technology, Media, and Communications Conference

May 20, 2023 | msn.com

Perficient: Attractive Pure Play Stock Within IT Services

May 16, 2023 | finance.yahoo.com

Perficient and BNY Mellon to Discuss Data Management and Governance at North American Financial Information Summit

May 10, 2023 | markets.businessinsider.com

Perficient (PRFT) Gets a Buy from Maxim Group

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PRFT Company Calendar

Last Earnings: 7/27/2023
Today: 9/22/2023
Next Earnings (Estimated): 10/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Custom computer programming services
Sub-Industry: Internet Software & Services
Sector: Computer and Technology
Current Symbol: NASDAQ:PRFT
CUSIP: 71375U10
CIK: 1085869
Web: www.perficient.com
Phone: (314) 529-3600
Fax: 314-529-3640
Employees: 6,893
Year Founded: 1997

Price Target and Rating

Average Stock Price Forecast: $76.29
High Stock Price Forecast: $93.00
Low Stock Price Forecast: $69.00
Forecasted Upside/Downside: +28.0%
Consensus Rating: Hold
Rating Score (0-4): 2.29
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.86
Trailing P/E Ratio: 20.84
Forward P/E Ratio: 17.58
P/E Growth: 1.77
Net Income: $104.39 million
Net Margins: 11.12%
Pretax Margin: 15.28%
Return on Equity: 29.42%
Return on Assets: 12.75%

Debt

Debt-to-Equity Ratio: 0.83
Current Ratio: 3.43
Quick Ratio: 3.43

Sales & Book Value

Annual Sales: $905.06 million
Price / Sales: 2.29
Cash Flow: $4.68 per share
Price / Cash Flow: 12.75
Book Value: $11.84 per share
Price / Book: 5.03

Miscellaneous

Outstanding Shares: 34,810,000
Free Float: 33,945,000
Market Cap: $2.08 billion
Optionable: Optionable
Beta: 1.51

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Key Executives

Mr. Jeffrey S. Davis (Age 59)
Chairman & CEO
Comp: $1.21M

Mr. Thomas J. Hogan (Age 46)
Pres & COO
Comp: $772.32k

Mr. Paul E. Martin (Age 62)
CFO, Treasurer & Assistant Sec.
Comp: $640.31k

Mr. Bill Davis
VP of Marketing

Connor Stieferman
Communications Mang.

Mr. Patrick Schwierking
VP of Sales

Ms. Andrea Lampert
VP of People

Ms. Susan Adomite
VP & Controller

Mr. Cameron Walbert
Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PRFT Stock - Frequently Asked Questions

Should I buy or sell Perficient stock right now?: 7 Wall Street 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 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.
View PRFT analyst ratings or view top-rated stocks.
What is Perficient's stock price forecast for 2023?: 7 brokers have issued 1-year price targets for Perficient's stock. Their PRFT share price forecasts range from $69.00 to $93.00. On average, they expect the company's stock price to reach $76.29 in the next year. This suggests a possible upside of 28.0% from the stock's current price.
View analysts price targets for PRFT or view top-rated stocks among Wall Street analysts.
How have PRFT shares performed in 2023?: Perficient's stock was trading at $69.83 at the start of the year. Since then, PRFT stock has decreased by 14.6% and is now trading at $59.61.
View the best growth stocks for 2023 here.
When is Perficient's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our PRFT earnings forecast.
How were Perficient's earnings last quarter?: Perficient, Inc. (NASDAQ:PRFT) issued its quarterly earnings data on Thursday, July, 27th. The digital transformation consultancy reported $0.84 earnings per share for the quarter, missing analysts' consensus estimates of $0.96 by $0.12. The digital transformation consultancy had revenue of $231.11 million for the quarter, compared to analysts' expectations of $234.28 million. Perficient had a trailing twelve-month return on equity of 29.42% and a net margin of 11.12%.
What ETFs hold Perficient's stock?: 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).
What guidance has Perficient issued on next quarter's earnings?: Perficient issued an update on its third quarter 2023 earnings guidance on Thursday, July, 27th. The company provided EPS guidance of $0.89-$0.94 for the period, compared to the consensus EPS estimate of $1.23. The company issued revenue guidance of $220.00 million-$226.00 million, compared to the consensus revenue estimate of $244.96 million.
What is Jeffrey Davis' approval rating as Perficient's CEO?: 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.

What other stocks do shareholders of Perficient own?: 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).
What is Perficient's stock symbol?: Perficient trades on the NASDAQ under the ticker symbol "PRFT."
Who are Perficient's major shareholders?: Perficient's stock is owned by a number of retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (2.96%), Silvercrest Asset Management Group LLC (2.87%), Geneva Capital Management LLC (2.74%), Dimensional Fund Advisors LP (2.67%), abrdn plc (2.58%) and Congress Asset Management Co. MA (2.34%). 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.
View institutional ownership trends.
How do I buy shares of Perficient?: 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.
Compare Top Brokerages Here.
What is Perficient's stock price today?: One share of PRFT stock can currently be purchased for approximately $59.61.
How much money does Perficient make?: Perficient (NASDAQ:PRFT) has a market capitalization of $2.08 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 $2.86 on an earnings per share basis.
How many employees does Perficient have?: The company employs 6,893 workers across the globe.
Does Perficient have any subsidiaries?: The following companies are subsidiares of Perficient: BRAINJOCKS INC, Bluetube, BoldTech International, BoldTech Systems (Hangzhou), Clarity Consulting Inc, Elixiter, Enlighten, MedTouch, Perficient Canada Corp., Perficient India Private Limited, Perficient UK Ltd., RAS Associates, Southport Services Group LLC, Stone Temple Consulting, and Sundog.
Read More
How can I contact Perficient?: 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.

This page (NASDAQ:PRFT) was last updated on 9/22/2023 by MarketBeat.com Staff

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