Brokerages Set Perficient, Inc. (NASDAQ:PRFT) PT at $70.00

Perficient, Inc. (NASDAQ:PRFT) has been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold rating. The average twelve-month target price among brokers that have covered the stock in the last year is $70.00.

Separately, StockNews.com started coverage on shares of Perficient in a report on Wednesday, October 30th. They issued a “sell” rating on the stock.

Institutional Trading of Perficient

Institutional investors have recently bought and sold shares of the stock. Fidelis Capital Partners LLC purchased a new position in shares of Perficient in the first quarter worth $25,000. GAMMA Investing LLC raised its stake in Perficient by 156.7% in the 2nd quarter. GAMMA Investing LLC now owns 552 shares of the digital transformation consultancy’s stock worth $41,000 after acquiring an additional 337 shares during the last quarter. CWM LLC raised its stake in Perficient by 67.7% in the 2nd quarter. CWM LLC now owns 577 shares of the digital transformation consultancy’s stock worth $43,000 after acquiring an additional 233 shares during the last quarter. Longfellow Investment Management Co. LLC purchased a new stake in Perficient during the 2nd quarter valued at about $74,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of Perficient in the second quarter valued at about $138,000. 95.00% of the stock is currently owned by institutional investors and hedge funds.

Perficient Price Performance

Shares of PRFT stock opened at $75.96 on Monday. The stock’s 50-day moving average is $75.69 and its 200 day moving average is $72.91. Perficient has a 1-year low of $42.51 and a 1-year high of $76.01. The company has a debt-to-equity ratio of 0.70, a current ratio of 4.16 and a quick ratio of 4.16. The company has a market cap of $2.67 billion, a P/E ratio of 32.46, a PEG ratio of 2.24 and a beta of 1.63.

Perficient (NASDAQ:PRFT) last released its quarterly earnings results on Thursday, August 8th. The digital transformation consultancy reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.01). Perficient had a net margin of 8.48% and a return on equity of 18.39%. The firm had revenue of $222.82 million during the quarter, compared to the consensus estimate of $223.58 million. Research analysts predict that Perficient will post 2.83 earnings per share for the current fiscal year.

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.