Perficient, Inc. (NASDAQ:PRFT) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Perficient, Inc. (NASDAQ:PRFT) have been assigned an average rating of “Hold” from the eight research firms that are presently covering the stock, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $70.43.

A number of equities analysts recently weighed in on the stock. Scotiabank upped their target price on shares of Perficient from $50.00 to $76.00 and gave the stock a “sector perform” rating in a research report on Monday, May 6th. William Blair reiterated a “market perform” rating on shares of Perficient in a research report on Monday, May 6th. Maxim Group reiterated a “hold” rating and set a $76.00 price objective on shares of Perficient in a research report on Tuesday, May 7th. Alliance Global Partners reissued a “neutral” rating on shares of Perficient in a research note on Tuesday, May 7th. Finally, Barrington Research reissued a “market perform” rating on shares of Perficient in a research note on Tuesday, May 7th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC purchased a new position in Perficient during the 1st quarter valued at about $25,000. GAMMA Investing LLC bought a new stake in shares of Perficient in the 4th quarter valued at about $28,000. Parallel Advisors LLC boosted its holdings in shares of 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 buying an additional 224 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Perficient in the 4th quarter valued at about $41,000. Finally, Park Place Capital Corp boosted its holdings in shares of Perficient by 41.1% in the 1st quarter. Park Place Capital Corp now owns 1,180 shares of the digital transformation consultancy’s stock valued at $66,000 after buying an additional 344 shares in the last quarter. Hedge funds and other institutional investors own 95.00% of the company’s stock.

Perficient Stock Up 0.0 %

Shares of PRFT stock opened at $74.80 on Tuesday. Perficient has a 12 month low of $42.51 and a 12 month high of $96.93. The stock has a market cap of $2.63 billion, a P/E ratio of 31.97, a P/E/G ratio of 1.97 and a beta of 1.62. The company has a current ratio of 4.18, a quick ratio of 4.18 and a debt-to-equity ratio of 0.72. The company has a 50 day simple moving average of $68.94 and a two-hundred day simple moving average of $65.05.

Perficient (NASDAQ:PRFT) last announced its earnings results on Sunday, May 5th. The digital transformation consultancy reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. Perficient had a net margin of 9.40% and a return on equity of 19.50%. The business had revenue of $215.30 million during the quarter, compared to analysts’ expectations of $224.99 million. During the same period in the prior year, the company earned $0.89 earnings per share. The firm’s revenue was down 7.0% on a year-over-year basis. On average, research analysts expect that Perficient will post 3.16 earnings per share for the current year.

About Perficient

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.