Barrington Research reaffirmed their buy rating on shares of Perficient (NASDAQ:PRFT) in a research report sent to investors on Thursday morning, AnalystRatings.com reports. Barrington Research currently has a $44.00 price objective on the digital transformation consultancy’s stock.

Several other equities research analysts have also weighed in on the company. Zacks Investment Research raised Perficient from a hold rating to a strong-buy rating and set a $42.00 target price on the stock in a research report on Tuesday, August 6th. BidaskClub raised Perficient from a buy rating to a strong-buy rating in a research report on Thursday, June 20th. William Blair assumed coverage on Perficient in a research report on Monday. They set an outperform rating on the stock. Maxim Group reaffirmed a buy rating and set a $41.00 price target on shares of Perficient in a research report on Wednesday, July 24th. Finally, Nomura assumed coverage on Perficient in a research report on Friday, June 21st. They set a buy rating and a $40.00 price target on the stock. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Perficient presently has an average rating of Buy and an average price target of $38.33.

Shares of NASDAQ PRFT traded down $0.17 during midday trading on Thursday, hitting $37.89. 12,178 shares of the company’s stock were exchanged, compared to its average volume of 241,507. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.30 and a quick ratio of 2.30. Perficient has a twelve month low of $20.92 and a twelve month high of $39.74. The company has a market cap of $1.23 billion, a PE ratio of 31.31, a P/E/G ratio of 2.21 and a beta of 0.85. The firm’s fifty day simple moving average is $36.19 and its 200-day simple moving average is $32.06.

Perficient (NASDAQ:PRFT) last issued its earnings results on Thursday, August 1st. The digital transformation consultancy reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. Perficient had a return on equity of 12.31% and a net margin of 5.52%. The business had revenue of $141.90 million for the quarter, compared to analyst estimates of $137.05 million. During the same quarter last year, the company earned $0.38 EPS. The business’s quarterly revenue was up 16.5% on a year-over-year basis. Equities analysts anticipate that Perficient will post 1.58 EPS for the current fiscal year.

In related news, Director James R. Kackley sold 7,928 shares of Perficient stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $35.55, for a total value of $281,840.40. Following the sale, the director now directly owns 33,708 shares in the company, valued at $1,198,319.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David S. Lundeen sold 10,000 shares of Perficient stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $36.09, for a total value of $360,900.00. Following the completion of the sale, the director now owns 48,857 shares in the company, valued at $1,763,249.13. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,230 shares of company stock worth $1,564,239. 2.90% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Quantamental Technologies LLC purchased a new stake in Perficient during the first quarter worth $40,000. Ladenburg Thalmann Financial Services Inc. boosted its position in Perficient by 187.3% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,586 shares of the digital transformation consultancy’s stock worth $54,000 after purchasing an additional 1,034 shares in the last quarter. Meeder Asset Management Inc. boosted its position in Perficient by 84.9% during the second quarter. Meeder Asset Management Inc. now owns 2,209 shares of the digital transformation consultancy’s stock worth $76,000 after purchasing an additional 1,014 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Perficient during the second quarter worth $101,000. Finally, Advisor Group Inc. boosted its position in Perficient by 397.6% during the second quarter. Advisor Group Inc. now owns 4,339 shares of the digital transformation consultancy’s stock worth $149,000 after purchasing an additional 3,467 shares in the last quarter. Institutional investors own 91.56% of the company’s stock.

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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