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

A number of brokerages have recently issued reports on PRFT. TheStreet raised Perficient from a "c+" rating to a "b-" rating in a research report on Thursday, April 28th. William Blair reaffirmed an "outperform" rating on shares of Perficient in a research report on Thursday, June 9th. Morgan Stanley lowered their price target on Perficient from $120.00 to $100.00 and set an "equal weight" rating for the company in a report on Monday. JPMorgan Chase & Co. dropped their price target on Perficient from $133.00 to $123.00 in a research note on Wednesday, July 20th. Finally, Maxim Group reaffirmed a "buy" rating and issued a $140.00 price objective on shares of Perficient in a research report on Friday. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Perficient presently has an average rating of "Moderate Buy" and a consensus price target of $119.86.

Perficient Stock Performance

Shares of Perficient stock traded up $0.42 on Monday, reaching $89.23. 325,264 shares of the stock were exchanged, compared to its average volume of 261,058. The business has a 50 day moving average price of $95.53 and a two-hundred day moving average price of $100.40. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 42.89, a PEG ratio of 1.31 and a beta of 1.47. Perficient has a twelve month low of $86.24 and a twelve month high of $153.28. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 1.07.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.14. The company had revenue of $222.74 million during the quarter, compared to analyst estimates of $228.07 million. Perficient had a net margin of 9.01% and a return on equity of 30.67%. Perficient's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period last year, the firm posted $0.71 EPS. Analysts anticipate that Perficient will post 3.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Perficient

In other news, Director Ralph C. Derrickson sold 5,000 shares of the company's stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $96.15, for a total value of $480,750.00. Following the sale, the director now owns 37,281 shares in the company, valued at $3,584,568.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is owned by corporate insiders.