Perficient’s (PRFT) Hold Rating Reiterated at Maxim Group

Maxim Group reissued their hold rating on shares of Perficient (NASDAQ:PRFT) in a report released on Tuesday morning, Benzinga reports. The brokerage currently has a $76.00 price objective on the digital transformation consultancy’s stock.

Several other equities analysts have also recently commented on PRFT. Scotiabank boosted their target price on Perficient from $50.00 to $76.00 and gave the stock a sector perform rating in a research report on Monday. Needham & Company LLC reissued a hold rating on shares of Perficient in a report on Monday. Barrington Research reaffirmed a market perform rating on shares of Perficient in a report on Tuesday. Guggenheim began coverage on Perficient in a report on Tuesday, March 19th. They issued a neutral rating and a $65.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased their price objective on Perficient from $71.00 to $59.00 and set a neutral rating on the stock in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $70.43.

Perficient Stock Up 0.0 %

Shares of NASDAQ PRFT opened at $73.28 on Tuesday. The business has a 50-day simple moving average of $54.98 and a two-hundred day simple moving average of $61.52. Perficient has a 52 week low of $42.51 and a 52 week high of $96.93. The company has a market cap of $2.57 billion, a P/E ratio of 26.55, a P/E/G ratio of 1.17 and a beta of 1.46. The company has a quick ratio of 4.15, a current ratio of 4.15 and a debt-to-equity ratio of 0.75.

Perficient (NASDAQ:PRFT) last issued its quarterly earnings data on Sunday, May 5th. The digital transformation consultancy reported $0.77 EPS 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 company had revenue of $215.30 million during the quarter, compared to analysts’ expectations of $224.99 million. During the same quarter in the previous year, the company earned $0.89 earnings per share. Perficient’s revenue for the quarter was down 7.0% on a year-over-year basis. Research analysts anticipate that Perficient will post 3.42 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Thomas J. Hogan sold 8,801 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $67.26, for a total transaction of $591,955.26. Following the transaction, the chief executive officer now directly owns 193,304 shares in the company, valued at approximately $13,001,627.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Paul E. Martin sold 3,664 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $67.26, for a total transaction of $246,440.64. Following the transaction, the chief financial officer now owns 212,642 shares in the company, valued at approximately $14,302,300.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Thomas J. Hogan sold 8,801 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $67.26, for a total transaction of $591,955.26. Following the transaction, the chief executive officer now directly owns 193,304 shares in the company, valued at $13,001,627.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,149 shares of company stock valued at $885,619. Insiders own 2.10% of the company’s stock.

Institutional Trading of Perficient

Several large investors have recently bought and sold shares of PRFT. Raymond James Financial Services Advisors Inc. raised its position in shares of Perficient by 97.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 12,951 shares of the digital transformation consultancy’s stock worth $749,000 after acquiring an additional 6,380 shares in the last quarter. Verdence Capital Advisors LLC bought a new position in Perficient during the 3rd quarter valued at approximately $241,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Perficient by 21.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,039 shares of the digital transformation consultancy’s stock valued at $407,000 after buying an additional 1,251 shares during the last quarter. Park Avenue Securities LLC bought a new stake in Perficient in the third quarter worth $210,000. Finally, Inspire Investing LLC grew its stake in shares of Perficient by 41.4% in the third quarter. Inspire Investing LLC now owns 5,315 shares of the digital transformation consultancy’s stock worth $308,000 after acquiring an additional 1,556 shares during the last quarter. 95.00% of the stock is owned by institutional investors.

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.