NASDAQ:PRFT - Perficient Stock Price, Forecast & News

Perficient trades on the NASDAQ under the ticker symbol "PRFT."

Perficient declared that its Board of Directors has initiated a share buyback plan on Friday, March 2nd 2018, which authorizes the company to repurchase $25,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Perficient, Inc. (NASDAQ:PRFT) released its quarterly earnings data on Thursday, November, 7th. The digital transformation consultancy reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.52 by $0.04. The digital transformation consultancy had revenue of $144.68 million for the quarter, compared to analysts' expectations of $143.17 million. Perficient had a return on equity of 13.21% and a net margin of 5.94%. The firm's revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. View Perficient's Earnings History.

Perficient is scheduled to release their next quarterly earnings announcement on Tuesday, February 25th 2020. View Earnings Estimates for Perficient.

Perficient issued an update on its FY 2019 Pre-Market earnings guidance on Monday, November, 25th. The company provided earnings per share guidance of $2.04-2.07 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.00. The company issued revenue guidance of $$562-568 million, compared to the consensus revenue estimate of $$563.61 million.

5 Wall Street analysts have issued 12 month price targets for Perficient's stock. Their forecasts range from $40.00 to $50.00. On average, they anticipate Perficient's share price to reach $45.00 in the next year. This suggests that the stock has a possible downside of 9.2%. View Analyst Price Targets for Perficient.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Perficient in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Perficient.

News headlines about PRFT stock have been trending positive recently, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Perficient earned a coverage optimism score of 2.9 on InfoTrie's scale. They also gave press coverage about the digital transformation consultancy a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Perficient.

Perficient saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 2,570,000 shares, an increase of 12.2% from the December 15th total of 2,290,000 shares. Based on an average trading volume of 342,900 shares, the short-interest ratio is presently 7.5 days. Currently, 8.1% of the shares of the company are sold short. View Perficient's Current Options Chain.

Some companies that are related to Perficient include Facebook (FB), Equinix (EQIX), eBay (EBAY), Twitter (TWTR), Verisign (VRSN), CoStar Group (CSGP), Akamai Technologies (AKAM), SEA (SE), J2 Global (JCOM), ANGI Homeservices (ANGI), LogMeIn (LOGM), Envestnet (ENV), Cornerstone OnDemand (CSOD), Cimpress (CMPR) and LivePerson (LPSN).

Based on aggregate information from My MarketBeat watchlists, some companies that other Perficient investors own include NVIDIA (NVDA), Alibaba Group (BABA), Bank of America (BAC), Walt Disney (DIS), AT&T (T), Marvell Technology Group (MRVL), salesforce.com (CRM), AbbVie (ABBV), Honeywell International (HON) and Micron Technology (MU).

Perficient's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.08%), Assenagon Asset Management S.A. (0.04%), Louisiana State Employees Retirement System (0.03%), Calamos Advisors LLC (0.01%), Winslow Evans & Crocker Inc. (0.01%) and Carroll Financial Associates Inc. (0.00%). Company insiders that own Perficient stock include David S Lundeen, Gary Wimberly, James R Kackley, Jeffrey S Davis, Kathryn J Henely, Paul E Martin and Thomas J Hogan. View Institutional Ownership Trends for Perficient.

PRFT stock was sold by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System and State of Alaska Department of Revenue. Company insiders that have sold Perficient company stock in the last year include David S Lundeen, James R Kackley, Jeffrey S Davis, Paul E Martin and Thomas J Hogan. View Insider Buying and Selling for Perficient.

PRFT stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Calamos Advisors LLC, Winslow Evans & Crocker Inc., Carroll Financial Associates Inc. and Nisa Investment Advisors LLC. Company insiders that have bought Perficient stock in the last two years include David S Lundeen, Gary Wimberly and James R Kackley. View Insider Buying and Selling for Perficient.

Shares of PRFT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of PRFT stock can currently be purchased for approximately $49.58.

Perficient has a market capitalization of $1.62 billion and generates $498.38 million in revenue each year. The digital transformation consultancy earns $24.56 million in net income (profit) each year or $1.21 on an earnings per share basis. Perficient employs 3,060 workers across the globe.View Additional Information About Perficient.

The official website for Perficient is http://www.perficient.com/.

Perficient's mailing address is 555 MARYVILLE UNIVERSITY DRIVE SUITE 600, SAINT LOUIS MO, 63141. The digital transformation consultancy can be reached via phone at 314-529-3600.