Shares of Perficient, Inc. (NASDAQ:PRFT) have earned an average rating of “Hold” from the six brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $20.50.

Several analysts have recently issued reports on the stock. Maxim Group set a $20.00 price target on shares of Perficient and gave the stock a “buy” rating in a research report on Saturday, June 24th. BidaskClub cut shares of Perficient from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Investment Research cut shares of Perficient from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $21.00 price target on shares of Perficient in a research report on Sunday, April 2nd.

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Perficient (PRFT) opened at 18.14 on Monday. The firm’s 50-day moving average is $17.37 and its 200-day moving average is $17.64. The stock has a market cap of $639.38 million, a P/E ratio of 36.21 and a beta of 0.87. Perficient has a 52-week low of $14.15 and a 52-week high of $22.66.

Perficient (NASDAQ:PRFT) last issued its quarterly earnings results on Thursday, May 4th. The information technology services provider reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.04. The business had revenue of $111.02 million for the quarter, compared to analysts’ expectations of $114.23 million. Perficient had a net margin of 3.75% and a return on equity of 7.33%. The business’s quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 earnings per share. Equities research analysts predict that Perficient will post $1.21 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its stake in shares of Perficient by 10.8% in the first quarter. BNP Paribas Arbitrage SA now owns 6,521 shares of the information technology services provider’s stock valued at $113,000 after buying an additional 637 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Perficient by 31.1% in the first quarter. Victory Capital Management Inc. now owns 6,860 shares of the information technology services provider’s stock valued at $119,000 after buying an additional 1,629 shares during the period. Acrospire Investment Management LLC boosted its stake in shares of Perficient by 525.7% in the first quarter. Acrospire Investment Management LLC now owns 7,771 shares of the information technology services provider’s stock valued at $135,000 after buying an additional 6,529 shares during the period. Mason Street Advisors LLC boosted its stake in shares of Perficient by 5.1% in the first quarter. Mason Street Advisors LLC now owns 8,282 shares of the information technology services provider’s stock valued at $144,000 after buying an additional 403 shares during the period. Finally, Airain ltd purchased a new stake in shares of Perficient during the first quarter valued at $177,000. 77.17% of the stock is currently owned by institutional investors and hedge funds.

About Perficient

Perficient, Inc is an information technology and management consulting firm. The Company’s solutions include business intelligence and analytics, commerce, content management, custom applications, platform implementations, portals and collaboration, business integration and application program interfaces, management consulting, business process management, and customer relationship management, among others.

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