Perficient, Inc. (NASDAQ:PRFT) has been given a consensus rating of “Buy” by the seven research firms that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $36.00.

PRFT has been the topic of a number of analyst reports. Barrington Research reissued a “buy” rating and issued a $37.00 price target on shares of Perficient in a research note on Tuesday. BidaskClub raised Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. Nomura initiated coverage on Perficient in a research note on Friday, June 21st. They issued a “buy” rating and a $40.00 price target on the stock. Maxim Group set a $9.00 price target on Pitney Bowes and gave the stock a “buy” rating in a research note on Friday, May 31st. Finally, Zacks Investment Research lowered Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Saturday, May 11th.

PRFT traded down $0.15 during trading on Monday, reaching $35.30. The company had a trading volume of 192,178 shares, compared to its average volume of 288,168. The company has a 50-day moving average of $33.36. The firm has a market capitalization of $1.17 billion, a P/E ratio of 29.17, a price-to-earnings-growth ratio of 2.27 and a beta of 0.91. Perficient has a 12-month low of $20.92 and a 12-month high of $35.99. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.39.

Perficient (NASDAQ:PRFT) last issued its quarterly earnings results on Thursday, May 2nd. The digital transformation consultancy reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.12. The firm had revenue of $133.82 million for the quarter, compared to analysts’ expectations of $131.10 million. Perficient had a return on equity of 11.50% and a net margin of 5.21%. Perficient’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the business posted $0.35 EPS. Analysts anticipate that Perficient will post 1.45 earnings per share for the current fiscal year.

In other Perficient news, CEO Jeffrey S. Davis sold 900 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $29.62, for a total transaction of $26,658.00. Following the completion of the sale, the chief executive officer now directly owns 532,389 shares in the company, valued at approximately $15,769,362.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Paul E. Martin sold 25,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $30.88, for a total value of $772,000.00. Following the sale, the chief financial officer now owns 172,674 shares of the company’s stock, valued at $5,332,173.12. The disclosure for this sale can be found here. Insiders have sold a total of 104,196 shares of company stock valued at $3,181,205 over the last 90 days. Corporate insiders own 2.90% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mason Street Advisors LLC lifted its holdings in shares of Perficient by 3.4% during the 1st quarter. Mason Street Advisors LLC now owns 10,654 shares of the digital transformation consultancy’s stock valued at $292,000 after buying an additional 349 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Perficient by 51.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,238 shares of the digital transformation consultancy’s stock valued at $28,000 after buying an additional 421 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Perficient by 0.5% during the 1st quarter. Rhumbline Advisers now owns 100,199 shares of the digital transformation consultancy’s stock valued at $2,744,000 after buying an additional 475 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Perficient by 1.7% during the 4th quarter. First Trust Advisors LP now owns 39,840 shares of the digital transformation consultancy’s stock valued at $887,000 after buying an additional 650 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Perficient by 0.7% during the 1st quarter. Bank of Montreal Can now owns 116,672 shares of the digital transformation consultancy’s stock valued at $3,196,000 after buying an additional 765 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Perficient Company Profile

Perficient, Inc provides information technology and management consulting services in the United States. The company designs, builds, and delivers solutions using middleware software products developed by third-party vendors. Its solutions include portals and collaboration, such as searchable data systems, collaborative systems for process improvement, transaction processing, unified and extended reporting, commerce, content management, and other services; and platform implementations services, including application server selection, architecture planning, installation and configuration, clustering for availability, performance assessment and issue remediation, security, and technology migrations.

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Analyst Recommendations for Perficient (NASDAQ:PRFT)

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