Barrington Research restated their buy rating on shares of Perficient (NASDAQ:PRFT) in a research note published on Tuesday, AnalystRatings.com reports. Barrington Research currently has a $37.00 price objective on the digital transformation consultancy’s stock.
“We expect Perficient to report Q2/19 non‐GAAP EPS of $0.48, which is in line with the FactSet consensus forecast of $0.48. Our EPS forecast represents year‐ over‐year growth of 29%.”,” the firm’s analyst wrote.
Several other analysts also recently commented on PRFT. Maxim Group set a $9.00 price objective on Pitney Bowes and gave the stock a buy rating in a research note on Friday, May 31st. BidaskClub raised Zynerba Pharmaceuticals from a hold rating to a buy rating in a research note on Thursday, June 20th. Zacks Investment Research downgraded Zynerba Pharmaceuticals from a buy rating to a hold rating in a research note on Saturday, May 11th. Finally, Nomura began coverage on Perficient in a research note on Friday, June 21st. They set a buy rating and a $40.00 price objective on the stock. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $36.00.
Perficient (NASDAQ:PRFT) last issued its quarterly earnings data on Thursday, May 2nd. The digital transformation consultancy reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.12. The business had revenue of $133.82 million for the quarter, compared to the consensus estimate of $131.10 million. Perficient had a return on equity of 11.50% and a net margin of 5.21%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 EPS. On average, sell-side analysts anticipate that Perficient will post 1.45 earnings per share for the current fiscal year.
In other Perficient news, CEO Jeffrey S. Davis sold 900 shares of Perficient stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $29.62, for a total value of $26,658.00. Following the sale, the chief executive officer now owns 532,389 shares of the company’s stock, valued at approximately $15,769,362.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul E. Martin sold 25,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $30.88, for a total value of $772,000.00. Following the completion of the transaction, the chief financial officer now owns 172,674 shares of the company’s stock, valued at approximately $5,332,173.12. The disclosure for this sale can be found here. Insiders sold a total of 104,196 shares of company stock worth $3,181,205 in the last three months. Company insiders own 2.90% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. GYL Financial Synergies LLC bought a new position in shares of Perficient in the 1st quarter valued at about $1,167,000. Geode Capital Management LLC grew its holdings in shares of Perficient by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 362,905 shares of the digital transformation consultancy’s stock valued at $8,078,000 after acquiring an additional 1,224 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Perficient by 7.5% in the 1st quarter. JPMorgan Chase & Co. now owns 872,921 shares of the digital transformation consultancy’s stock valued at $23,909,000 after acquiring an additional 60,643 shares in the last quarter. RMB Capital Management LLC bought a new position in shares of Perficient in the 4th quarter valued at about $623,000. Finally, New Amsterdam Partners LLC NY bought a new position in shares of Perficient in the 1st quarter valued at about $3,206,000. Institutional investors own 89.96% of the company’s stock.
Perficient Company Profile
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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