Perficient (NASDAQ:PRFT) Stock Rating Reaffirmed by Alliance Global Partners

Perficient (NASDAQ:PRFT)‘s stock had its “neutral” rating reissued by equities research analysts at Alliance Global Partners in a report released on Tuesday, Benzinga reports.

PRFT has been the subject of a number of other reports. JPMorgan Chase & Co. cut their price objective on Perficient from $71.00 to $59.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Guggenheim assumed coverage on shares of Perficient in a research report on Tuesday, March 19th. They set a “neutral” rating and a $65.00 price target on the stock. Barrington Research reaffirmed a “market perform” rating on shares of Perficient in a research note on Tuesday. Needham & Company LLC reiterated a “hold” rating on shares of Perficient in a research report on Monday. Finally, William Blair restated a “market perform” rating on shares of Perficient in a research report on Monday. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $70.43.

Perficient Stock Up 0.4 %

PRFT stock opened at $73.55 on Tuesday. Perficient has a 1-year low of $42.51 and a 1-year high of $96.93. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 1.17 and a beta of 1.46. The company has a current ratio of 4.15, a quick ratio of 4.15 and a debt-to-equity ratio of 0.75. The company’s 50 day moving average is $55.17 and its 200 day moving average is $61.60.

Perficient (NASDAQ:PRFT) last posted its quarterly earnings data on Sunday, May 5th. The digital transformation consultancy reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. Perficient had a net margin of 10.91% and a return on equity of 23.39%. The firm had revenue of $215.30 million for the quarter, compared to analysts’ expectations of $224.99 million. During the same quarter last year, the company posted $0.89 EPS. The business’s quarterly revenue was down 7.0% on a year-over-year basis. Sell-side analysts predict that Perficient will post 3.42 EPS for the current fiscal year.

Insider Buying and Selling at Perficient

In other news, CFO Paul E. Martin sold 3,664 shares of Perficient stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $67.26, for a total value of $246,440.64. Following the sale, the chief financial officer now directly owns 212,642 shares in the company, valued at approximately $14,302,300.92. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Paul E. Martin sold 3,664 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $67.26, for a total value of $246,440.64. Following the completion of the sale, the chief financial officer now directly owns 212,642 shares of the company’s stock, valued at approximately $14,302,300.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Kevin Thomas Sheen sold 684 shares of Perficient stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $69.04, for a total transaction of $47,223.36. Following the sale, the senior vice president now directly owns 26,533 shares in the company, valued at approximately $1,831,838.32. The disclosure for this sale can be found here. Insiders sold 13,149 shares of company stock valued at $885,619 in the last 90 days. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PRFT. Fidelis Capital Partners LLC bought a new stake in shares of Perficient during the 1st quarter valued at $25,000. GAMMA Investing LLC bought a new position in Perficient in the 4th quarter worth about $28,000. Parallel Advisors LLC grew its position in Perficient by 73.9% during the 4th quarter. Parallel Advisors LLC now owns 527 shares of the digital transformation consultancy’s stock valued at $35,000 after purchasing an additional 224 shares during the last quarter. NBC Securities Inc. purchased a new position in Perficient in the third quarter worth about $38,000. Finally, Principal Securities Inc. purchased a new stake in shares of Perficient during the fourth quarter valued at approximately $41,000. Institutional investors own 95.00% of the company’s stock.

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.