Perficient (NASDAQ:PRFT) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Several other research analysts have also commented on the stock. Maxim Group reaffirmed a “buy” rating and issued a $22.00 price target (up from $20.00) on shares of Perficient in a report on Thursday, November 2nd. Zacks Investment Research lowered shares of Perficient from a “buy” rating to a “hold” rating in a report on Saturday, October 7th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $21.33.

Perficient (NASDAQ PRFT) opened at $19.72 on Wednesday. Perficient has a fifty-two week low of $16.20 and a fifty-two week high of $20.22. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.92 and a quick ratio of 2.92. The company has a market cap of $694.37, a PE ratio of 42.87 and a beta of 0.83.

Perficient (NASDAQ:PRFT) last posted its quarterly earnings results on Thursday, November 2nd. The digital transformation consultancy reported $0.34 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. Perficient had a net margin of 3.36% and a return on equity of 8.05%. The business had revenue of $123.70 million during the quarter, compared to analyst estimates of $127.51 million. During the same period in the previous year, the business posted $0.26 EPS. The company’s quarterly revenue was up 3.8% on a year-over-year basis. analysts anticipate that Perficient will post 0.93 earnings per share for the current fiscal year.

In other Perficient news, COO Kathryn J. Henely sold 31,075 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $19.33, for a total transaction of $600,679.75. Following the completion of the transaction, the chief operating officer now directly owns 246,657 shares of the company’s stock, valued at approximately $4,767,879.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul E. Martin sold 6,082 shares of the business’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $20.20, for a total transaction of $122,856.40. The disclosure for this sale can be found here. Insiders have sold a total of 112,022 shares of company stock valued at $2,201,082 over the last three months. 3.70% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in Perficient during the 3rd quarter valued at about $118,000. Victory Capital Management Inc. boosted its stake in Perficient by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 8,070 shares of the digital transformation consultancy’s stock valued at $150,000 after purchasing an additional 1,210 shares during the period. Simplex Trading LLC boosted its stake in Perficient by 4,251.0% during the 3rd quarter. Simplex Trading LLC now owns 8,702 shares of the digital transformation consultancy’s stock valued at $171,000 after purchasing an additional 8,502 shares during the period. Sei Investments Co. raised its position in shares of Perficient by 412.9% during the 3rd quarter. Sei Investments Co. now owns 8,873 shares of the digital transformation consultancy’s stock worth $175,000 after buying an additional 7,143 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of Perficient by 66.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,851 shares of the digital transformation consultancy’s stock worth $202,000 after buying an additional 4,330 shares in the last quarter. 79.65% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This news story was published by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/24/perficient-prft-upgraded-to-buy-by-bidaskclub.html.

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.

Receive News & Ratings for Perficient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perficient and related companies with MarketBeat.com's FREE daily email newsletter.