Maxim Group Reaffirms Buy Rating for Perficient (NASDAQ:PRFT)

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Maxim Group reissued their buy rating on shares of Perficient (NASDAQ:PRFT) in a research note published on Saturday, TipRanks reports. Maxim Group currently has a $50.00 target price on the digital transformation consultancy’s stock.

A number of other equities research analysts also recently commented on PRFT. William Blair restated a buy rating on shares of Perficient in a research report on Thursday, June 18th. Alliance Global Partners downgraded shares of Perficient to a buy rating and reduced their price target for the company from $54.00 to $43.00 in a research report on Monday, March 23rd. Barrington Research lifted their price target on shares of Perficient from $40.00 to $44.00 and gave the company an outperform rating in a research report on Friday, May 8th. Needham & Company LLC lifted their price target on shares of Perficient from $40.00 to $41.00 and gave the company a buy rating in a research report on Friday, June 19th. Finally, National Securities downgraded shares of Perficient from a buy rating to a neutral rating and set a $30.00 price target for the company. in a research report on Monday, March 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The company has an average rating of Buy and an average price target of $41.50.

Shares of NASDAQ:PRFT opened at $35.78 on Friday. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 0.38. The company has a market cap of $1.12 billion, a P/E ratio of 29.82, a PEG ratio of 1.82 and a beta of 1.38. Perficient has a 52 week low of $18.88 and a 52 week high of $53.76. The company has a 50-day moving average price of $34.55 and a 200 day moving average price of $39.27.

Perficient (NASDAQ:PRFT) last announced its quarterly earnings data on Thursday, May 7th. The digital transformation consultancy reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.01. The firm had revenue of $145.56 million during the quarter, compared to the consensus estimate of $144.53 million. Perficient had a net margin of 6.77% and a return on equity of 14.72%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 earnings per share. Analysts expect that Perficient will post 1.55 EPS for the current year.

Institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. raised its position in shares of Perficient by 213.4% during the 4th quarter. Advisors Asset Management Inc. now owns 1,307 shares of the digital transformation consultancy’s stock worth $60,000 after purchasing an additional 890 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Perficient by 19.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,586 shares of the digital transformation consultancy’s stock worth $70,000 after purchasing an additional 423 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Perficient by 1,396.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,915 shares of the digital transformation consultancy’s stock worth $88,000 after purchasing an additional 1,787 shares during the last quarter. Winslow Evans & Crocker Inc. raised its position in shares of Perficient by 19.8% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 3,330 shares of the digital transformation consultancy’s stock worth $92,000 after purchasing an additional 550 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Perficient by 39.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,138 shares of the digital transformation consultancy’s stock worth $112,000 after purchasing an additional 1,162 shares during the last quarter. Hedge funds and other institutional investors own 91.21% 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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