Maxim Group restated their buy rating on shares of Perficient (NASDAQ:PRFT) in a report released on Saturday, TipRanks reports. They currently have a $50.00 price target on the digital transformation consultancy’s stock.

PRFT has been the subject of a number of other reports. Needham & Company LLC upped their price target on Perficient from $40.00 to $41.00 and gave the company a buy rating in a research report on Friday, June 19th. Barrington Research upped their price target on Perficient from $40.00 to $44.00 and gave the company an outperform rating in a research report on Friday, May 8th. BidaskClub upgraded Perficient from a hold rating to a buy rating in a research report on Saturday, May 23rd. Alliance Global Partners lowered Perficient to a buy rating and dropped their price target for the company from $54.00 to $43.00 in a research report on Monday, March 23rd. Finally, Zacks Investment Research lowered Perficient from a hold rating to a sell rating in a research report on Thursday, May 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $41.50.

NASDAQ:PRFT opened at $35.78 on Friday. Perficient has a 12 month low of $18.88 and a 12 month high of $53.76. The stock has a 50 day moving average of $34.55 and a two-hundred day moving average of $39.27. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 0.38. The firm has a market cap of $1.12 billion, a P/E ratio of 29.82, a price-to-earnings-growth ratio of 1.82 and a beta of 1.38.

Perficient (NASDAQ:PRFT) last posted its quarterly earnings data on Thursday, May 7th. The digital transformation consultancy reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.01. The company had revenue of $145.56 million during the quarter, compared to analyst estimates of $144.53 million. Perficient had a return on equity of 14.72% and a net margin of 6.77%. Perficient’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 EPS. On average, research analysts forecast that Perficient will post 1.55 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the stock. Mason Street Advisors LLC grew its position in Perficient by 1.9% in the fourth quarter. Mason Street Advisors LLC now owns 11,359 shares of the digital transformation consultancy’s stock worth $523,000 after acquiring an additional 208 shares during the period. Amalgamated Bank lifted its stake in Perficient by 3.6% during the fourth quarter. Amalgamated Bank now owns 6,248 shares of the digital transformation consultancy’s stock worth $288,000 after purchasing an additional 215 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Perficient by 14.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the digital transformation consultancy’s stock worth $137,000 after purchasing an additional 366 shares in the last quarter. Swiss National Bank lifted its stake in Perficient by 0.6% during the first quarter. Swiss National Bank now owns 63,200 shares of the digital transformation consultancy’s stock worth $1,712,000 after purchasing an additional 400 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Perficient by 19.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,586 shares of the digital transformation consultancy’s stock worth $70,000 after purchasing an additional 423 shares in the last quarter. Institutional investors own 91.21% 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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