Perficient (NASDAQ:PRFT) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Perficient (NASDAQ:PRFT) in a report issued on Friday morning. The brokerage issued a sell rating on the digital transformation consultancy’s stock.

Other equities analysts have also issued research reports about the stock. Alliance Global Partners reaffirmed a neutral rating on shares of Perficient in a research report on Tuesday, May 7th. Barrington Research reaffirmed a market perform rating on shares of Perficient in a research report on Tuesday, May 7th. Scotiabank boosted 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 reaffirmed a market perform rating on shares of Perficient in a research report on Monday, May 6th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Perficient from $71.00 to $59.00 and set a neutral rating on the stock in a research report on Thursday, May 2nd. One equities 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.com, Perficient currently has a consensus rating of Hold and an average target price of $70.43.

Perficient Trading Up 0.2 %

NASDAQ:PRFT opened at $75.28 on Friday. Perficient has a 12 month low of $42.51 and a 12 month high of $75.42. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 32.17, a P/E/G ratio of 1.98 and a beta of 1.62. The company has a quick ratio of 4.18, a current ratio of 4.18 and a debt-to-equity ratio of 0.72. The company’s 50 day moving average is $74.52 and its 200-day moving average is $66.39.

Perficient (NASDAQ:PRFT) last released its quarterly 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 company had revenue of $215.30 million for the quarter, compared to analyst estimates of $224.99 million. During the same quarter last year, the firm posted $0.89 earnings per share. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. Equities analysts anticipate that Perficient will post 3.16 EPS for the current year.

Institutional Investors Weigh In On Perficient

Several institutional investors and hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC increased its holdings in Perficient by 9.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,913 shares of the digital transformation consultancy’s stock valued at $143,000 after buying an additional 165 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of Perficient by 3.8% in the 4th quarter. Handelsbanken Fonder AB now owns 5,412 shares of the digital transformation consultancy’s stock valued at $356,000 after purchasing an additional 200 shares in the last quarter. Parallel Advisors LLC boosted its stake 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 purchasing an additional 224 shares in the last quarter. CWM LLC boosted its stake in shares of Perficient by 67.7% in the 2nd quarter. CWM LLC now owns 577 shares of the digital transformation consultancy’s stock valued at $43,000 after purchasing an additional 233 shares in the last quarter. Finally, Comerica Bank boosted its stake in shares of Perficient by 1.3% in the 4th quarter. Comerica Bank now owns 18,682 shares of the digital transformation consultancy’s stock valued at $1,230,000 after purchasing an additional 235 shares in the last quarter. Institutional investors own 95.00% of the company’s stock.

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.