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NASDAQ:PRFT

Perficient - PRFT Stock Forecast, Price & News

$83.45
-3.43 (-3.95%)
(As of 08/17/2022 05:18 PM ET)
Add
Compare
Today's Range
$83.41
$86.05
50-Day Range
$82.92
$109.44
52-Week Range
$82.72
$153.28
Volume
192,776 shs
Average Volume
261,007 shs
Market Capitalization
$2.89 billion
P/E Ratio
39.18
Dividend Yield
N/A
Price Target
$117.71

Perficient MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
41.0% Upside
$117.71 Price Target
Short Interest
Bearish
4.97% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.13mentions of Perficient in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$480,750 Sold Last Quarter
Proj. Earnings Growth
18.21%
From $3.79 to $4.48 Per Share

Overall MarketRank

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

2.99 out of 5 stars

Computer And Technology Sector

46th out of 667 stocks

Custom Computer Programming Services Industry

2nd out of 31 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.

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.

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PRFT Stock News Headlines

MUST WATCH: Unusual 3-second financial maneuver
In 2020, Jeff Clark revealed how to use a unique 3-second transaction…To get Starbucks to pay for his morning coffee. Now, he’s revealing a new 3-second transaction…
Perficient (NASDAQ:PRFT) PT Lowered to $107.00
Expert Ratings for Perficient
Inflation Emergency to Disrupt Your Financial Future?
No doubt, we’re in an inflation emergency. It’s driving up prices more quickly than anything we’ve seen in our lifetime. And it’s barely begun. What impact will this change have on your money? How can you prepare starting right now? Watch the emergency briefing from Expert Sean Brodrick. pixel
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
8/17/2022
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
+41.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
7 Analysts

Profitability

Net Income
$52.09 million
Pretax Margin
11.10%

Debt

Sales & Book Value

Annual Sales
$761.03 million
Cash Flow
$3.95 per share
Book Value
$10.60 per share

Miscellaneous

Free Float
33,842,000
Market Cap
$2.89 billion
Optionable
Optionable
Beta
1.47

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PRFT Stock - Frequently Asked Questions

Should I buy or sell Perficient stock right now?

7 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 5 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?

7 analysts have issued 1-year price targets for Perficient's shares. Their PRFT share price forecasts range from $100.00 to $140.00. On average, they predict the company's share price to reach $117.71 in the next twelve months. This suggests a possible upside of 35.5% 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 start of the year. Since then, PRFT stock has decreased by 32.8% and is now trading at $86.88.
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) announced its quarterly earnings data on Thursday, August, 4th. The digital transformation consultancy reported $1.06 EPS for the quarter, beating the consensus estimate of $0.92 by $0.14. The digital transformation consultancy earned $222.74 million during the quarter, compared to analyst estimates of $228.07 million. Perficient had a net margin of 9.01% and a trailing twelve-month return on equity of 30.67%. Perficient's revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 earnings per share.

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

Perficient updated its FY 2022 earnings guidance on Thursday, August, 11th. The company provided EPS 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 a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (4.00%), State Street Corp (3.19%), abrdn plc (3.11%), Geneva Capital Management LLC (2.38%), Northern Trust Corp (1.23%) and Price T Rowe Associates Inc. MD (1.23%). 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 $86.88.

How much money does Perficient make?

Perficient (NASDAQ:PRFT) has a market capitalization of $3.01 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 8/17/2022 by MarketBeat.com Staff

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