Equities analysts expect Perficient, Inc. (NASDAQ:PRFT) to announce earnings of $0.57 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Perficient’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.56. Perficient reported earnings of $0.47 per share in the same quarter last year, which suggests a positive year over year growth rate of 21.3%. The company is expected to issue its next earnings report on Tuesday, February 25th.
On average, analysts expect that Perficient will report full year earnings of $2.06 per share for the current fiscal year, with EPS estimates ranging from $2.05 to $2.08. For the next fiscal year, analysts anticipate that the company will report earnings of $2.35 per share, with EPS estimates ranging from $2.32 to $2.38. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Perficient.
Perficient (NASDAQ:PRFT) last released its quarterly earnings results on Thursday, November 7th. The digital transformation consultancy reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.04. Perficient had a net margin of 5.94% and a return on equity of 13.21%. The company had revenue of $144.68 million for the quarter, compared to the consensus estimate of $143.17 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Perficient’s revenue was up 16.7% on a year-over-year basis.
PRFT has been the subject of several recent research reports. Barrington Research reiterated a “buy” rating and issued a $44.00 price target on shares of Perficient in a research report on Thursday, September 12th. William Blair assumed coverage on Perficient in a research report on Monday, September 9th. They set an “outperform” rating on the stock. Zacks Investment Research raised Perficient from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Friday, October 4th. ValuEngine lowered Perficient from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Maxim Group reiterated a “buy” rating and issued a $50.00 target price on shares of Perficient in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Perficient presently has a consensus rating of “Buy” and a consensus target price of $44.20.
In related news, Director David S. Lundeen sold 8,000 shares of Perficient stock in a transaction dated 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 directly owns 41,707 shares of the company’s stock, valued at approximately $1,791,732.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.90% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Bowling Portfolio Management LLC purchased a new position in shares of Perficient during the second quarter valued at approximately $777,000. Pitcairn Co. bought a new position in shares of Perficient during the second quarter valued at approximately $301,000. Bank of America Corp DE grew its stake in shares of Perficient by 126.0% during the second quarter. Bank of America Corp DE now owns 39,106 shares of the digital transformation consultancy’s stock valued at $1,342,000 after buying an additional 21,801 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in shares of Perficient in the third quarter worth approximately $2,859,000. Finally, Rhumbline Advisers raised its holdings in shares of Perficient by 1.2% in the third quarter. Rhumbline Advisers now owns 101,333 shares of the digital transformation consultancy’s stock worth $3,909,000 after buying an additional 1,202 shares during the period. 92.83% of the stock is currently owned by institutional investors.
Shares of Perficient stock traded up $0.31 during trading hours on Friday, reaching $42.30. The company’s stock had a trading volume of 5,450 shares, compared to its average volume of 352,912. The firm has a 50 day moving average price of $39.92 and a 200-day moving average price of $36.29. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.69 and a quick ratio of 2.69. The stock has a market cap of $1.38 billion, a P/E ratio of 34.92, a P/E/G ratio of 2.18 and a beta of 0.81. Perficient has a one year low of $20.92 and a one year high of $43.28.
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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