Perficient (NASDAQ:PRFT) Hits New 1-Year High at $75.42

Perficient, Inc. (NASDAQ:PRFT)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $75.42 and last traded at $75.40, with a volume of 86366 shares. The stock had previously closed at $75.28.

Analyst Ratings Changes

PRFT has been the topic of a number of recent analyst reports. Alliance Global Partners reiterated a “neutral” rating on shares of Perficient in a research note on Tuesday, May 7th. Maxim Group reiterated a “hold” rating and issued a $76.00 price objective on shares of Perficient in a research note on Tuesday, May 7th. Needham & Company LLC reissued a “hold” rating on shares of Perficient in a research report on Monday, May 6th. JPMorgan Chase & Co. decreased their target price on Perficient from $71.00 to $59.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Finally, William Blair reissued a “market perform” rating on shares of Perficient in a research report on Monday, May 6th. One analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $70.43.

Perficient Stock Down 0.1 %

The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 32.18, a P/E/G ratio of 1.99 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 business has a fifty day simple moving average of $74.58 and a two-hundred day simple moving average of $66.51.

Perficient (NASDAQ:PRFT) last announced its earnings results on Sunday, May 5th. The digital transformation consultancy reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. The business had revenue of $215.30 million for the quarter, compared to the consensus estimate of $224.99 million. Perficient had a return on equity of 19.50% and a net margin of 9.40%. Perficient’s revenue was down 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 EPS. Equities analysts expect that Perficient, Inc. will post 3.16 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Fidelis Capital Partners LLC bought a new position in Perficient in the 1st quarter worth approximately $25,000. GAMMA Investing LLC bought a new position in Perficient in the 4th quarter worth approximately $28,000. Parallel Advisors LLC raised its position in shares of Perficient by 73.9% during 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 during the last quarter. Principal Securities Inc. bought a new stake in shares of Perficient during the 4th quarter valued at $41,000. Finally, CWM LLC raised its position in shares of Perficient by 67.7% during the 2nd quarter. CWM LLC now owns 577 shares of the digital transformation consultancy’s stock valued at $43,000 after acquiring an additional 233 shares during the last quarter. Institutional investors own 95.00% of the company’s stock.

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.