Perficient - PRFT Stock Forecast, Price & News

Perficient, Inc. provides digital consultancy services and solutions in the United States. The company offers strategy and consulting solutions in the areas of digital and technology strategy, management consulting, 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. It also provides blockchain, cloud, commerce, corporate performance management, 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, the company offers analytics, content architecture, conversion rate optimization, creative design, email marketing, journey sciences, paid media and search, marketing automation research, SEO, and social media services; product development services, as well as a suite of proprietary products; and optimized global delivery solutions. It serves the healthcare, financial services, retail and consumer goods, manufacturing, automotive and transportation, telecommunications, energy and utilities, and life science markets. Perficient, Inc. was incorporated in 1997 and is headquartered in St. Louis, Missouri.

Analyst Ratings Changes

PRFT has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Perficient from $133.00 to $123.00 in a research report on Wednesday, July 20th. Alliance Global Partners lowered their price target on Perficient to $107.00 in a research report on Tuesday, August 9th. William Blair restated an "outperform" rating on shares of Perficient in a research report on Thursday, June 9th. Scotiabank initiated coverage on Perficient in a research report on Thursday, June 30th. They set a "sector outperform" rating and a $110.00 target price on the stock. Finally, Maxim Group reissued a "buy" rating and issued a $140.00 price target on shares of Perficient in a report on Friday, August 5th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $117.71.

Perficient Price Performance

PRFT Stock traded down $2.65 during midday trading on Wednesday, reaching $84.23. The stock had a trading volume of 3,153 shares, compared to its average volume of 239,409. Perficient has a 52-week low of $82.72 and a 52-week high of $153.28. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 1.07. The company's fifty day simple moving average is $93.33 and its 200 day simple moving average is $99.81. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 39.59, a price-to-earnings-growth ratio of 1.38 and a beta of 1.47.

Perficient (NASDAQ:PRFT - Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The digital transformation consultancy reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.14. Perficient had a net margin of 9.01% and a return on equity of 30.67%. The firm had revenue of $222.74 million for the quarter, compared to the consensus estimate of $228.07 million. During the same period last year, the firm posted $0.71 earnings per share. The company's revenue for the quarter was up 21.0% on a year-over-year basis. As a group, sell-side analysts predict that Perficient will post 3.79 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Romil Bahl acquired 500 shares of Perficient stock in a transaction that occurred on Monday, August 8th. The shares were purchased at an average price of $88.89 per share, for a total transaction of $44,445.00. Following the completion of the transaction, the director now owns 1,449 shares in the company, valued at approximately $128,801.61. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Romil Bahl acquired 500 shares of the business's stock in a transaction that occurred on Monday, August 8th. The stock was purchased at an average cost of $88.89 per share, for a total transaction of $44,445.00. Following the completion of the transaction, the director now owns 1,449 shares in the company, valued at $128,801.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ralph C. Derrickson sold 5,000 shares of the business's stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $96.15, for a total transaction of $480,750.00. Following the completion of the transaction, the director now owns 37,281 shares in the company, valued at $3,584,568.15. The disclosure for this sale can be found here. Company insiders own 2.20% of the company's stock.