Perficient’s (PRFT) Market Perform Rating Reiterated at William Blair

William Blair reiterated their market perform rating on shares of Perficient (NASDAQ:PRFT) in a research note released on Monday morning, MarketBeat.com reports.

Several other brokerages also recently commented on PRFT. Barrington Research reiterated an outperform rating and set a $77.00 target price on shares of Perficient in a research note on Monday, April 29th. Scotiabank reduced their target price on Perficient from $65.00 to $50.00 and set a sector perform rating for the company in a research note on Monday, April 29th. JPMorgan Chase & Co. reduced their target price on Perficient from $71.00 to $59.00 and set a neutral rating for the company in a research note on Thursday, May 2nd. Alliance Global Partners upgraded Perficient from a neutral rating to a buy rating and set a $67.00 target price for the company in a research note on Tuesday, April 23rd. Finally, Guggenheim assumed coverage on Perficient in a research note on Tuesday, March 19th. They set a neutral rating and a $65.00 target price for the company. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $70.43.

Perficient Stock Up 0.0 %

PRFT stock opened at $73.58 on Monday. The company has a quick ratio of 4.15, a current ratio of 4.15 and a debt-to-equity ratio of 0.75. The business has a 50 day moving average price of $55.34 and a two-hundred day moving average price of $61.69. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 26.66, a P/E/G ratio of 1.17 and a beta of 1.46. Perficient has a twelve month low of $42.51 and a twelve month high of $96.93.

Perficient (NASDAQ:PRFT) last posted its quarterly earnings results on Sunday, May 5th. The digital transformation consultancy reported $0.77 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.77. The firm had revenue of $215.30 million during the quarter, compared to the consensus estimate of $224.99 million. Perficient had a return on equity of 23.39% and a net margin of 10.91%. The business’s revenue was down 7.0% compared to the same quarter last year. During the same period last year, the company earned $0.89 earnings per share. Analysts anticipate that Perficient will post 3.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Thomas J. Hogan sold 8,801 shares of Perficient stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $67.26, for a total transaction of $591,955.26. Following the completion of the sale, the chief executive officer now directly owns 193,304 shares of the company’s stock, valued at approximately $13,001,627.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Paul E. Martin sold 3,664 shares of Perficient stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $67.26, for a total transaction of $246,440.64. Following the completion of the sale, the chief financial officer now directly owns 212,642 shares of the company’s stock, valued at approximately $14,302,300.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Thomas J. Hogan sold 8,801 shares of Perficient stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $67.26, for a total value of $591,955.26. Following the completion of the transaction, the chief executive officer now directly owns 193,304 shares of the company’s stock, valued at $13,001,627.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,149 shares of company stock valued at $885,619. Insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Perficient

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PRFT. Fidelis Capital Partners LLC acquired a new position in Perficient in the 1st quarter valued at $25,000. GAMMA Investing LLC acquired a new position in Perficient in the 4th quarter valued at $28,000. Parallel Advisors LLC raised its holdings in Perficient by 73.9% in the 4th quarter. Parallel Advisors LLC now owns 527 shares of the digital transformation consultancy’s stock valued at $35,000 after acquiring an additional 224 shares in the last quarter. NBC Securities Inc. acquired a new position in Perficient in the 3rd quarter valued at $38,000. Finally, Principal Securities Inc. acquired a new position in Perficient in the 4th quarter valued at $41,000. 95.00% of the stock is owned by institutional investors and hedge funds.

Perficient Company Profile

Perficient, Inc provides digital consultancy services and solutions in the United States and internationally. It offers strategy and transformation solutions in digital strategy, technology strategy, business velocity and growth, 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 portfolios.