Shares of Perficient, Inc. (NASDAQ:PRFT) have been given an average rating of “Buy” by the six analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $20.67.

PRFT has been the subject of a number of analyst reports. Zacks Investment Research upgraded Perficient from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Saturday, June 24th. Maxim Group set a $20.00 price objective on Perficient and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, BidaskClub cut Perficient from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th.

In other Perficient news, Director Ralph C. Derrickson sold 7,900 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $17.64, for a total value of $139,356.00. Following the completion of the sale, the director now directly owns 32,747 shares in the company, valued at $577,657.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.70% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its stake in Perficient by 10.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,120,591 shares of the information technology services provider’s stock valued at $39,528,000 after buying an additional 200,231 shares during the last quarter. Vanguard Group Inc. raised its stake in Perficient by 4.4% in the second quarter. Vanguard Group Inc. now owns 1,940,485 shares of the information technology services provider’s stock valued at $36,170,000 after buying an additional 81,226 shares during the last quarter. Wellington Management Group LLP raised its stake in Perficient by 16.2% in the first quarter. Wellington Management Group LLP now owns 1,815,360 shares of the information technology services provider’s stock valued at $31,514,000 after buying an additional 253,499 shares during the last quarter. State Street Corp raised its stake in Perficient by 4.2% in the second quarter. State Street Corp now owns 950,640 shares of the information technology services provider’s stock valued at $17,721,000 after buying an additional 38,626 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Perficient by 51.6% in the second quarter. Northern Trust Corp now owns 831,358 shares of the information technology services provider’s stock valued at $15,497,000 after buying an additional 282,816 shares during the last quarter. Institutional investors own 75.08% of the company’s stock.

Shares of Perficient (PRFT) opened at 18.51 on Friday. Perficient has a 12-month low of $14.15 and a 12-month high of $20.25. The company has a 50-day moving average price of $17.91 and a 200 day moving average price of $17.68. The company has a market capitalization of $650.02 million, a P/E ratio of 44.93 and a beta of 0.91.

Perficient (NASDAQ:PRFT) last issued its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $0.29 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.29. The firm had revenue of $117.00 million during the quarter, compared to analysts’ expectations of $119.21 million. Perficient had a return on equity of 7.42% and a net margin of 3.08%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 EPS. On average, equities analysts anticipate that Perficient will post $1.23 earnings per share for the current fiscal year.

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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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