News coverage about Perficient (NASDAQ:PRFT) has been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Perficient earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the information technology services provider an impact score of 46.9027421451483 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of research firms have weighed in on PRFT. Maxim Group set a $20.00 price target on shares of Perficient and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of Perficient from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, BidaskClub downgraded shares of Perficient from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $20.33.
Perficient (NASDAQ:PRFT) opened at 17.62 on Friday. Perficient has a 12-month low of $14.15 and a 12-month high of $20.79. The company has a 50 day moving average price of $18.15 and a 200-day moving average price of $17.67. The company has a market capitalization of $618.76 million, a PE ratio of 42.77 and a beta of 0.86.
Perficient (NASDAQ:PRFT) last issued its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $0.29 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.29. Perficient had a return on equity of 7.42% and a net margin of 3.08%. The company had revenue of $117 million during the quarter, compared to the consensus estimate of $119.21 million. During the same period last year, the company earned $0.28 earnings per share. The firm’s revenue was down 5.9% compared to the same quarter last year. On average, analysts anticipate that Perficient will post $1.23 EPS for the current year.
In other news, Director Ralph C. Derrickson sold 7,900 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $17.64, for a total transaction of $139,356.00. Following the completion of the transaction, the director now directly owns 32,747 shares in the company, valued at $577,657.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.70% of the stock is owned by company insiders.
About Perficient
Perficient, Inc is an information technology and management consulting firm. The Company’s solutions include business intelligence and analytics, commerce, content management, custom applications, platform implementations, portals and collaboration, business integration and application program interfaces, management consulting, business process management, and customer relationship management, among others.
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