Perficient (PRFT) Stock Forecast, Price & News

7 Wall Street equities 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 equities 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 shares. Their PRFT share price forecasts range from $69.00 to $93.00. On average, they expect the company's share price to reach $76.29 in the next year. This suggests a possible upside of 33.8% from the stock's current price.
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Perficient's stock was trading at $69.83 at the start of the year. Since then, PRFT shares have decreased by 18.3% and is now trading at $57.03.
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Perficient saw a increase in short interest in September. As of September 15th, there was short interest totaling 1,190,000 shares, an increase of 23.0% from the August 31st total of 967,800 shares. Based on an average daily volume of 310,200 shares, the days-to-cover ratio is presently 3.8 days.
View Perficient's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 31st 2023.
View our PRFT earnings forecast.

Perficient will be holding an earnings conference call on Tuesday, October 31st at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Perficient, Inc. (NASDAQ:PRFT) issued its quarterly earnings results on Thursday, July, 27th. The digital transformation consultancy reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.96 by $0.12. The digital transformation consultancy had revenue of $231.11 million for the quarter, compared to the consensus estimate of $234.28 million. Perficient had a trailing twelve-month return on equity of 29.42% and a net margin of 11.12%.

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 updated its third quarter 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of $0.89-$0.94 for the period, compared to the consensus earnings per share 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.

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 many different institutional and retail investors. Top institutional shareholders 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.

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 $57.03.

Perficient (NASDAQ:PRFT) has a market capitalization of $1.99 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.

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.