Perficient (NASDAQ:PRFT) posted its earnings results on Thursday. The digital transformation consultancy reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.04, Fidelity Earnings reports. The firm had revenue of $144.68 million for the quarter, compared to the consensus estimate of $143.17 million. Perficient had a net margin of 5.52% and a return on equity of 12.31%. The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share. Perficient updated its Q4 guidance to $0.55-0.58 EPS.
Shares of NASDAQ:PRFT traded up $0.56 during midday trading on Friday, hitting $38.94. The company’s stock had a trading volume of 551,900 shares, compared to its average volume of 282,685. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 2.26 and a beta of 0.79. The stock’s 50 day simple moving average is $38.08 and its 200 day simple moving average is $34.87. Perficient has a fifty-two week low of $20.92 and a fifty-two week high of $41.82. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.30 and a current ratio of 2.30.
Several equities research analysts have recently issued reports on PRFT shares. National Securities started coverage on Perficient in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $46.00 price target on the stock. BidaskClub downgraded Perficient from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd. Barrington Research reaffirmed a “buy” rating and issued a $44.00 price target on shares of Perficient in a research report on Thursday, September 12th. William Blair started coverage on Perficient in a research report on Monday, September 9th. They issued an “outperform” rating on the stock. Finally, Maxim Group set a $46.00 price target on Perficient and gave the company a “buy” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Perficient currently has a consensus rating of “Buy” and an average target price of $41.17.
In other news, Director David S. Lundeen sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $36.09, for a total value of $360,900.00. Following the sale, the director now directly owns 48,857 shares of the company’s stock, valued at $1,763,249.13. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.90% of the company’s stock.
Perficient, Inc provides information technology and management consulting services in the United States. The company designs, builds, and delivers solutions using middleware software products developed by third-party vendors. Its solutions include portals and collaboration, such as searchable data systems, collaborative systems for process improvement, transaction processing, unified and extended reporting, commerce, content management, and other services; and platform implementations services, including application server selection, architecture planning, installation and configuration, clustering for availability, performance assessment and issue remediation, security, and technology migrations.
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