Perficient Company Profile (NASDAQ:PRFT)

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

Perficient declared that its Board of Directors has approved a share buyback program on Tuesday, April 11th 2017, which permits the company to repurchase $25,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 3.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Perficient, Inc. (NASDAQ:PRFT) posted its quarterly earnings data on Thursday, May, 4th. The company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.04. The business earned $111.02 million during the quarter, compared to analyst estimates of $114.23 million. Perficient had a return on equity of 7.33% and a net margin of 3.75%. Perficient's revenue was down 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 EPS. View Perficient's Earnings History.

Perficient issued an update on its FY17 earnings guidance on Friday, June, 16th. The company provided earnings per share (EPS) guidance of $1.17-1.31 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.22. Perficient also updated its Q2 guidance to $0.29-0.31 EPS.

3 brokerages have issued 12-month price objectives for Perficient's shares. Their predictions range from $20.00 to $21.00. On average, they anticipate Perficient's share price to reach $20.50 in the next year. View Analyst Ratings for Perficient.

Here are some recent quotes from research analysts about Perficient stock:

• 1. According to Zacks Investment Research, "PERFICIENT INC helps clients acquire and strengthen customer relationships, reduce costs and empower employees by creating an Enabled Enterprise. Through their Enabled Enterprise solutions, Global 3000 companies can drive dramatic return-on-investment by unlocking the power of their existing enterprise resource planning and legacy systems. " (6/30/2017)
• 2. Needham & Company LLC analysts commented, "PRFT reported 4Q results that were above consensus on both the top and bottom line following the 3Q guide-down. While project delays and disruptions and elongated decision cycles weighed on performance in the back half of the year, we see signs of stabilization entering FY17. Management provided guidance for the year that was largely in line with consensus on both revenue and EPS, and reflecting stability at large clients and healthy bookings trends. While elongated deal cycles may persist as broad macroeconomic and policy caution looms, we believe the risk-reward remains favorable with shares trading at roughly 13x our FY18 EPS estimate. We maintain our BUY rating and raise our target to $21." (3/1/2017)

Some companies that are related to Perficient include Endurance International Group Holdings (EIGI), Presidio (PSDO), Evertec (EVTC), Barracuda Networks (CUDA), Web.com Group (WEB), ePlus inc. (PLUS), Quality Systems (QSII), Computacenter plc (CCC), Virtusa Corporation (VRTU), FDM Group (Holdings) PLC (FDM), Monotype Imaging Holdings (TYPE), Softcat PLC (SCT), First Derivatives plc (FDP), Datatec (DTC), LivePerson (LPSN), Unisys Corporation (UIS), Carbonite (CARB) and Premiere Global Services (PGI).

Perficient's management team includes the folowing people:

• Jeffrey S. Davis, Chairman of the Board, President, Chief Executive Officer
• Paul E. Martin, Chief Financial Officer, Treasurer, Secretary
• Kathryn J. Henely, Chief Operating Officer
• James R. Kackley, Lead Independent Director
• Ralph C. Derrickson, Independent Director
• David S. Lundeen, Independent Director
• Brian L. Matthews, Independent Director

Perficient's stock is owned by many different of institutional and retail investors. Top institutional investors include Russell Investments Group Ltd. (0.68%), Strs Ohio (0.57%), Legato Capital Management LLC (0.17%), Kirr Marbach & Co. LLC IN (0.05%), Louisiana State Employees Retirement System (0.04%) and State of Alaska Department of Revenue (0.02%). Company insiders that own Perficient stock include James R Kackley, Jeffrey S Davis, Paul E Martin and Ralph C Derrickson. View Institutional Ownership Trends for Perficient.

Perficient's stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Legato Capital Management LLC and State of Alaska Department of Revenue. Company insiders that have bought Perficient stock in the last two years include James R Kackley and Ralph C Derrickson. View Insider Buying and Selling for Perficient.

Shares of Perficient can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Perficient stock can currently be purchased for approximately $18.75.