Perficient (NASDAQ:PRFT) Releases Quarterly Earnings Results, Meets Estimates

Perficient (NASDAQ:PRFT) issued its earnings results on Sunday. The digital transformation consultancy reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77, Briefing.com reports. The firm had revenue of $215.30 million for the quarter, compared to the consensus estimate of $224.99 million. Perficient had a return on equity of 23.39% and a net margin of 10.91%. The company’s revenue was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 earnings per share.

Perficient Trading Up 0.0 %

Shares of Perficient stock opened at $73.28 on Wednesday. Perficient has a twelve month low of $42.51 and a twelve month high of $96.93. The firm’s 50-day moving average price is $54.98 and its 200 day moving average price is $61.52. The company has a current ratio of 4.15, a quick ratio of 4.15 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $2.57 billion, a PE ratio of 26.55, a P/E/G ratio of 1.17 and a beta of 1.46.

Wall Street Analyst Weigh In

Several research firms have commented on PRFT. StockNews.com lowered Perficient from a “hold” rating to a “sell” rating in a research report on Tuesday. Guggenheim started coverage on shares of Perficient in a report on Tuesday, March 19th. They set a “neutral” rating and a $65.00 price target on the stock. Needham & Company LLC restated a “hold” rating on shares of Perficient in a research report on Monday. William Blair reiterated a “market perform” rating on shares of Perficient in a research report on Monday. Finally, Scotiabank increased their target price on shares of Perficient from $50.00 to $76.00 and gave the stock a “sector perform” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $70.43.

Insider Buying and Selling at Perficient

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

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.