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.

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.