Perficient (NASDAQ:PRFT)‘s stock had its “buy” rating reissued by stock analysts at Barrington Research in a research note issued to investors on Tuesday, AnalystRatings.com reports. They currently have a $37.00 price objective on the digital transformation consultancy’s stock. Barrington Research’s price objective would suggest a potential upside of 4.11% from the company’s previous close.

The analysts wrote, “We expect Perficient to report Q2/19 non‐GAAP EPS of $0.48, which is in line with the FactSet consensus forecast of $0.48. Our EPS forecast represents year‐ over‐year growth of 29%.””

Several other equities research analysts have also recently weighed in on the stock. BidaskClub raised shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. Maxim Group set a $9.00 price target on shares of Pitney Bowes and gave the stock a “buy” rating in a research report on Friday, May 31st. Zacks Investment Research cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Saturday, May 11th. Finally, Nomura started coverage on shares of Perficient in a research report on Friday, June 21st. They issued a “buy” rating and a $40.00 price target for the company. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $36.00.

Perficient stock opened at $35.54 on Tuesday. The stock has a market cap of $1.15 billion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 2.25 and a beta of 0.91. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.82 and a current ratio of 2.82. Perficient has a 1 year low of $20.92 and a 1 year high of $35.99. The firm has a 50-day moving average of $33.19.

Perficient (NASDAQ:PRFT) last announced its quarterly earnings results on Thursday, May 2nd. The digital transformation consultancy reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.12. Perficient had a net margin of 5.21% and a return on equity of 11.50%. The firm had revenue of $133.82 million during the quarter, compared to analysts’ expectations of $131.10 million. During the same quarter in the prior year, the company earned $0.35 EPS. The company’s revenue was up 10.6% compared to the same quarter last year. On average, research analysts predict that Perficient will post 1.45 earnings per share for the current year.

In related news, CFO Paul E. Martin sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $30.88, for a total transaction of $772,000.00. Following the completion of the sale, the chief financial officer now owns 172,674 shares of the company’s stock, valued at $5,332,173.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey S. Davis sold 900 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $29.62, for a total transaction of $26,658.00. Following the sale, the chief executive officer now directly owns 532,389 shares of the company’s stock, valued at approximately $15,769,362.18. The disclosure for this sale can be found here. Insiders sold a total of 104,196 shares of company stock valued at $3,181,205 in the last ninety days. Corporate insiders own 2.90% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Mason Street Advisors LLC lifted its position in Perficient by 3.4% during the first quarter. Mason Street Advisors LLC now owns 10,654 shares of the digital transformation consultancy’s stock valued at $292,000 after acquiring an additional 349 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Perficient by 51.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,238 shares of the digital transformation consultancy’s stock valued at $28,000 after acquiring an additional 421 shares during the last quarter. Rhumbline Advisers lifted its position in Perficient by 0.5% during the first quarter. Rhumbline Advisers now owns 100,199 shares of the digital transformation consultancy’s stock valued at $2,744,000 after acquiring an additional 475 shares during the last quarter. First Trust Advisors LP lifted its position in Perficient by 1.7% during the fourth quarter. First Trust Advisors LP now owns 39,840 shares of the digital transformation consultancy’s stock valued at $887,000 after acquiring an additional 650 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in Perficient by 0.7% during the first quarter. Bank of Montreal Can now owns 116,672 shares of the digital transformation consultancy’s stock valued at $3,196,000 after acquiring an additional 765 shares during the last quarter. 89.96% of the stock is owned by institutional investors.

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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Analyst Recommendations for Perficient (NASDAQ:PRFT)

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