Analysts predict that Perficient, Inc. (NASDAQ:PRFT) will announce sales of $145.48 million for the current quarter, according to Zacks. Three analysts have made estimates for Perficient’s earnings. The lowest sales estimate is $144.90 million and the highest is $146.40 million. Perficient posted sales of $131.70 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.5%. The firm is expected to issue its next quarterly earnings results on Tuesday, February 25th.
According to Zacks, analysts expect that Perficient will report full-year sales of $565.80 million for the current financial year, with estimates ranging from $565.20 million to $566.70 million. For the next financial year, analysts anticipate that the company will post sales of $629.52 million, with estimates ranging from $621.60 million to $644.80 million. Zacks’ sales averages are an average based on a survey of research firms that cover Perficient.
Perficient (NASDAQ:PRFT) last issued its quarterly earnings results on Thursday, November 7th. The digital transformation consultancy reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. The company had revenue of $144.68 million for the quarter, compared to analyst estimates of $143.17 million. Perficient had a net margin of 5.94% and a return on equity of 13.21%. Perficient’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share.
A number of equities analysts recently weighed in on the stock. ValuEngine downgraded shares of Perficient from a “hold” rating to a “sell” rating in a research note on Friday, January 3rd. National Securities assumed coverage on shares of Perficient in a research note on Tuesday, October 22nd. They set a “buy” rating and a $46.00 target price for the company. Maxim Group reissued a “buy” rating and set a $50.00 target price on shares of Perficient in a research note on Friday, November 8th. Zacks Investment Research raised shares of Perficient from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Friday, October 4th. Finally, BidaskClub raised shares of Perficient from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 16th. One equities research analyst has rated the stock with a sell rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Perficient has a consensus rating of “Buy” and an average target price of $44.20.
Shares of NASDAQ:PRFT traded down $0.24 during mid-day trading on Wednesday, reaching $49.58. 206,373 shares of the company’s stock were exchanged, compared to its average volume of 318,289. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 48.61, a PEG ratio of 2.15 and a beta of 0.83. The business’s fifty day moving average price is $45.12 and its 200-day moving average price is $39.28. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.69 and a current ratio of 2.69. Perficient has a twelve month low of $24.64 and a twelve month high of $50.05.
In related news, Director David S. Lundeen sold 8,000 shares of Perficient stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.96, for a total transaction of $343,680.00. Following the completion of the transaction, the director now owns 41,707 shares of the company’s stock, valued at $1,791,732.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Paul E. Martin sold 15,000 shares of Perficient stock in a transaction on Friday, January 10th. The stock was sold at an average price of $47.59, for a total transaction of $713,850.00. Following the transaction, the chief financial officer now directly owns 157,674 shares of the company’s stock, valued at approximately $7,503,705.66. The disclosure for this sale can be found here. Insiders have sold 38,000 shares of company stock valued at $1,755,930 in the last three months. 2.90% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Group LLC increased its holdings in Perficient by 2.2% during the 3rd quarter. Renaissance Group LLC now owns 15,326 shares of the digital transformation consultancy’s stock worth $591,000 after acquiring an additional 323 shares during the period. Nisa Investment Advisors LLC increased its holdings in Perficient by 250.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 700 shares of the digital transformation consultancy’s stock worth $32,000 after acquiring an additional 500 shares during the period. California State Teachers Retirement System increased its holdings in Perficient by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 50,295 shares of the digital transformation consultancy’s stock worth $1,940,000 after acquiring an additional 601 shares during the period. CWM LLC increased its holdings in Perficient by 1,766.7% during the 3rd quarter. CWM LLC now owns 672 shares of the digital transformation consultancy’s stock worth $26,000 after acquiring an additional 636 shares during the period. Finally, Carroll Financial Associates Inc. bought a new stake in Perficient during the 4th quarter worth approximately $43,000. 92.85% of the stock is owned by hedge funds and other institutional investors.
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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