Perficient (PRFT) Earns News Impact Score of 0.24
Media headlines about Perficient (NASDAQ:PRFT) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Perficient earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave news stories about the information technology services provider an impact score of 45.7181030909678 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several equities analysts have commented on PRFT shares. Maxim Group set a $20.00 price objective on shares of Perficient and gave the company a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Perficient from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Thursday, May 11th. Finally, BidaskClub upgraded shares of Perficient from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Perficient presently has an average rating of “Buy” and an average target price of $20.33.
Perficient (PRFT) traded up 1.44% during trading on Thursday, hitting $18.26. 18,000 shares of the company traded hands. The company has a market capitalization of $641.24 million, a P/E ratio of 44.32 and a beta of 0.86. Perficient has a 12-month low of $14.15 and a 12-month high of $20.79. The stock has a 50 day moving average price of $18.07 and a 200 day moving average price of $17.67.
Perficient (NASDAQ:PRFT) last announced its quarterly earnings results on Thursday, August 3rd. The information technology services provider reported $0.29 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.29. Perficient had a net margin of 3.08% and a return on equity of 7.42%. The firm had revenue of $117 million for the quarter, compared to analyst estimates of $119.21 million. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The business’s revenue was down 5.9% on a year-over-year basis. On average, equities analysts anticipate that Perficient will post $1.23 earnings per share for the current year.
In other Perficient news, Director Ralph C. Derrickson sold 7,900 shares of Perficient stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $17.64, for a total value of $139,356.00. Following the transaction, the director now owns 32,747 shares of the company’s stock, valued at $577,657.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.70% of the company’s stock.
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Perficient, Inc is an information technology and management consulting firm. The Company’s solutions include business intelligence and analytics, commerce, content management, custom applications, platform implementations, portals and collaboration, business integration and application program interfaces, management consulting, business process management, and customer relationship management, among others.
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