Equities analysts expect Perficient, Inc. (NASDAQ:PRFT) to report sales of $142.79 million for the current quarter, according to Zacks. Two analysts have made estimates for Perficient’s earnings, with the highest sales estimate coming in at $143.17 million and the lowest estimate coming in at $142.40 million. Perficient reported sales of $123.93 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.2%. The firm is expected to issue its next earnings report on Thursday, November 7th.
According to Zacks, analysts expect that Perficient will report full year sales of $563.38 million for the current fiscal year, with estimates ranging from $562.26 million to $564.50 million. For the next year, analysts expect that the firm will post sales of $606.82 million, with estimates ranging from $603.40 million to $610.23 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Perficient.
Perficient (NASDAQ:PRFT) last posted its quarterly earnings data on Thursday, August 1st. The digital transformation consultancy reported $0.38 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.38. Perficient had a net margin of 5.52% and a return on equity of 12.31%. The company had revenue of $141.90 million during the quarter, compared to the consensus estimate of $137.05 million. During the same quarter in the prior year, the company posted $0.38 EPS. The company’s quarterly revenue was up 16.5% compared to the same quarter last year.
Shares of NASDAQ PRFT traded up $1.02 on Friday, reaching $35.25. 279,200 shares of the company traded hands, compared to its average volume of 279,923. Perficient has a fifty-two week low of $20.92 and a fifty-two week high of $38.80. The company has a 50 day moving average of $35.08 and a 200 day moving average of $30.75. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $1.18 billion, a PE ratio of 29.13, a P/E/G ratio of 2.12 and a beta of 0.87.
In other news, Director James R. Kackley sold 7,928 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $35.55, for a total transaction of $281,840.40. Following the completion of the sale, the director now owns 33,708 shares in the company, valued at approximately $1,198,319.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Jeffrey S. Davis sold 25,302 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $36.42, for a total value of $921,498.84. Following the sale, the chairman now owns 429,691 shares of the company’s stock, valued at approximately $15,649,346.22. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of PRFT. Public Employees Retirement System of Ohio boosted its holdings in Perficient by 51.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,238 shares of the digital transformation consultancy’s stock worth $28,000 after acquiring an additional 421 shares during the period. Quantamental Technologies LLC purchased a new position in Perficient in the 1st quarter worth approximately $40,000. Meeder Asset Management Inc. boosted its holdings in Perficient by 84.9% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,209 shares of the digital transformation consultancy’s stock worth $76,000 after acquiring an additional 1,014 shares during the period. Point72 Asset Management L.P. purchased a new position in Perficient in the 2nd quarter worth approximately $101,000. Finally, Investors Research Corp purchased a new position in Perficient in the 1st quarter worth approximately $101,000. Institutional investors and hedge funds own 90.77% 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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