Perficient (NASDAQ:PRFT) Reaches New 52-Week Low at $79.29

Perficient, Inc. (NASDAQ:PRFTGet Rating) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $79.29 and last traded at $79.32, with a volume of 830 shares changing hands. The stock had previously closed at $80.75.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PRFT. Maxim Group restated a “buy” rating and issued a $140.00 price target on shares of Perficient in a research note on Friday, August 5th. Alliance Global Partners reduced their price target on Perficient to $107.00 in a research note on Tuesday, August 9th. JPMorgan Chase & Co. reduced their price target on Perficient from $133.00 to $123.00 in a research note on Wednesday, July 20th. William Blair restated an “outperform” rating on shares of Perficient in a research note on Thursday, June 9th. Finally, Needham & Company LLC reduced their price target on Perficient from $145.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, August 5th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $117.71.

Perficient Trading Down 1.1 %

The business has a 50-day moving average price of $91.34 and a two-hundred day moving average price of $98.25. The stock has a market capitalization of $2.70 billion, a P/E ratio of 36.62, a P/E/G ratio of 1.22 and a beta of 1.47. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 1.07.

Perficient (NASDAQ:PRFTGet Rating) last released its earnings results on Thursday, August 4th. The digital transformation consultancy reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.14. Perficient had a return on equity of 30.67% and a net margin of 9.01%. The firm had revenue of $222.74 million during the quarter, compared to the consensus estimate of $228.07 million. During the same period in the prior year, the company posted $0.71 EPS. The company’s revenue was up 21.0% compared to the same quarter last year. On average, analysts expect that Perficient, Inc. will post 3.79 EPS for the current fiscal year.

Insider Buying and Selling

In other Perficient news, Director Romil Bahl acquired 500 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was acquired at an average cost of $88.89 per share, for a total transaction of $44,445.00. Following the transaction, the director now directly owns 1,449 shares in the company, valued at $128,801.61. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Institutional Trading of Perficient

Institutional investors and hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. bought a new stake in shares of Perficient during the 1st quarter worth $48,000. Public Employees Retirement Association of Colorado acquired a new position in Perficient in the 4th quarter worth about $564,000. Yarbrough Capital LLC increased its holdings in Perficient by 28.8% in the 1st quarter. Yarbrough Capital LLC now owns 17,101 shares of the digital transformation consultancy’s stock worth $1,883,000 after purchasing an additional 3,828 shares in the last quarter. Point72 Hong Kong Ltd increased its holdings in Perficient by 1,971.4% in the 4th quarter. Point72 Hong Kong Ltd now owns 290 shares of the digital transformation consultancy’s stock worth $37,000 after purchasing an additional 276 shares in the last quarter. Finally, Advisor Partners LLC increased its holdings in Perficient by 15.8% in the 1st quarter. Advisor Partners LLC now owns 1,865 shares of the digital transformation consultancy’s stock worth $205,000 after purchasing an additional 254 shares in the last quarter. 93.76% of the stock is currently owned by institutional investors.

About Perficient

(Get Rating)

Perficient, Inc provides digital consultancy services and solutions in the United States. The company offers strategy and consulting solutions in the areas of digital and technology strategy, management consulting, 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 portfolio.

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