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NASDAQ:PRFT

Perficient - PRFT Stock Forecast, Price & News

$85.72
+0.84 (+0.99%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$85.13
$88.10
50-Day Range
$82.92
$109.44
52-Week Range
$82.72
$153.28
Volume
389,530 shs
Average Volume
262,539 shs
Market Capitalization
$2.97 billion
P/E Ratio
40.24
Dividend Yield
N/A
Price Target
$117.71

Perficient MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
37.3% Upside
$117.71 Price Target
Short Interest
Bearish
4.97% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.07mentions of Perficient in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$480,750 Sold Last Quarter
Proj. Earnings Growth
17.77%
From $3.77 to $4.44 Per Share

Overall MarketRank

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

3.00 out of 5 stars

Computer And Technology Sector

60th out of 658 stocks

Custom Computer Programming Services Industry

3rd out of 30 stocks

PRFT stock logo

About Perficient (NASDAQ:PRFT) Stock

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.

Perficient Trading Up 2.3 %

PRFT Stock traded up $1.92 during midday trading on Thursday, reaching $86.80. The company's stock had a trading volume of 1,012 shares, compared to its average volume of 207,299. Perficient has a 1 year low of $82.72 and a 1 year high of $153.28. The stock has a fifty day simple moving average of $94.73 and a two-hundred day simple moving average of $100.11. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 39.85, a PEG ratio of 1.29 and a beta of 1.47. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.67 and a current ratio of 2.67.

Perficient (NASDAQ:PRFT - Get Rating) last released its quarterly earnings data on Thursday, August 4th. The digital transformation consultancy reported $1.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.14. The company had revenue of $222.74 million for the quarter, compared to analyst estimates of $228.07 million. Perficient had a return on equity of 30.67% and a net margin of 9.01%. The firm's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 earnings per share. On average, equities research analysts predict that Perficient will post 3.77 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PRFT shares. Alliance Global Partners decreased their price objective on Perficient to $107.00 in a report on Tuesday. TheStreet upgraded shares of Perficient from a "c+" rating to a "b-" rating in a research report on Thursday, April 28th. Morgan Stanley decreased their price objective on shares of Perficient from $120.00 to $100.00 and set an "equal weight" rating for the company in a report on Monday. William Blair reaffirmed an "outperform" rating on shares of Perficient in a research report on Thursday, June 9th. Finally, Scotiabank started coverage on shares of Perficient in a research note on Thursday, June 30th. They set a "sector outperform" rating and a $110.00 price objective on the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.71.

Insider Buying and Selling

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

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PRFT Stock News Headlines

Perficient (NASDAQ:PRFT) PT Lowered to $107.00
Expert Ratings for Perficient
Expert Ratings for Perficient - Benzinga
Analysts Set Perficient, Inc. (NASDAQ:PRFT) PT at $126.29
Perficient (PRFT) Tops Q2 Earnings Estimates
Perficient Reports Second Quarter 2022 Results
Perficient Q2 2022 Earnings Preview - Seeking Alpha
See More Headlines
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PRFT Company Calendar

Last Earnings
8/04/2022
Today
8/11/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Custom computer programming services
Sub-Industry
Internet Software & Services
Current Symbol
NASDAQ:PRFT
CUSIP
71375U10
Employees
6,079
Year Founded
1997

Price Target and Rating

Average Stock Price Forecast
$117.71
High Stock Price Forecast
$140.00
Low Stock Price Forecast
$100.00
Forecasted Upside/Downside
+37.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$52.09 million
Pretax Margin
11.10%

Debt

Sales & Book Value

Annual Sales
$761.03 million
Cash Flow
$4.35 per share
Book Value
$10.60 per share

Miscellaneous

Free Float
33,842,000
Market Cap
$2.97 billion
Optionable
Optionable
Beta
1.47

Social Links















PRFT Stock - Frequently Asked Questions

Should I buy or sell Perficient stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Perficient in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PRFT shares.
View PRFT analyst ratings
or view top-rated stocks.

What is Perficient's stock price forecast for 2022?

8 equities research analysts have issued 12 month target prices for Perficient's shares. Their PRFT share price forecasts range from $100.00 to $140.00. On average, they anticipate the company's stock price to reach $117.71 in the next twelve months. This suggests a possible upside of 37.3% 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 2022?

Perficient's stock was trading at $129.29 at the beginning of 2022. Since then, PRFT shares have decreased by 33.7% and is now trading at $85.72.
View the best growth stocks for 2022 here
.

When is Perficient's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our PRFT earnings forecast
.

How were Perficient's earnings last quarter?

Perficient, Inc. (NASDAQ:PRFT) issued its earnings results on Thursday, August, 4th. The digital transformation consultancy reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.14. The digital transformation consultancy had revenue of $222.74 million for the quarter, compared to analysts' expectations of $228.07 million. Perficient had a trailing twelve-month return on equity of 30.67% and a net margin of 9.01%. The firm's revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS.

What guidance has Perficient issued on next quarter's earnings?

Perficient issued an update on its FY 2022 earnings guidance on Thursday, August, 11th. The company provided earnings per share guidance of $4.24-$4.36 for the period. The company issued revenue guidance of $907.00 million-$923.00 million, compared to the consensus revenue estimate of $932.62 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 many different retail and institutional investors. Top institutional shareholders include abrdn plc (3.11%), Geneva Capital Management LLC (2.38%), Emerald Advisers LLC (1.10%), Loomis Sayles & Co. L P (0.89%), Pembroke Management LTD (0.69%) and Principal Financial Group Inc. (0.68%). Insiders that own company stock include 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 $85.72.

How much money does Perficient make?

Perficient (NASDAQ:PRFT) has a market capitalization of $2.97 billion and generates $761.03 million in revenue each year. The digital transformation consultancy earns $52.09 million in net income (profit) each year or $2.13 on an earnings per share basis.

How many employees does Perficient have?

The company employs 6,079 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

When was Perficient founded?

Perficient was founded in 1997.

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 8/12/2022 by MarketBeat.com Staff

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