Perficient (NASDAQ:PRFT) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Perficient (NASDAQ:PRFT) in a research report report published on Tuesday morning. The firm issued a sell rating on the digital transformation consultancy’s stock.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their price target on shares of Perficient from $71.00 to $59.00 and set a neutral rating for the company in a research report on Thursday, May 2nd. Guggenheim assumed coverage on shares of Perficient in a research report on Tuesday, March 19th. They set a neutral rating and a $65.00 price target for the company. Barrington Research reissued a market perform rating on shares of Perficient in a research report on Tuesday, May 7th. Alliance Global Partners reissued a neutral rating on shares of Perficient in a research report on Tuesday, May 7th. Finally, Scotiabank lifted their target price on shares of Perficient from $50.00 to $76.00 and gave the stock a sector perform rating in a research report on Monday, May 6th. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $70.43.

Perficient Price Performance

PRFT stock opened at $74.90 on Tuesday. The firm has a 50 day moving average price of $70.76 and a 200-day moving average price of $65.24. Perficient has a 52-week low of $42.51 and a 52-week high of $96.93. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 1.97 and a beta of 1.62. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.18 and a current ratio of 4.18.

Perficient (NASDAQ:PRFT) last released its earnings results on Sunday, May 5th. The digital transformation consultancy reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. The firm had revenue of $215.30 million during the quarter, compared to analyst estimates of $224.99 million. Perficient had a net margin of 9.40% and a return on equity of 19.50%. The business’s revenue was down 7.0% on a year-over-year basis. During the same period last year, the business earned $0.89 earnings per share. Equities research analysts forecast that Perficient will post 3.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Perficient

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new stake in shares of Perficient during the 4th quarter valued at $28,000. Fidelis Capital Partners LLC bought a new stake in shares of Perficient during the 1st quarter valued at $25,000. Parallel Advisors LLC grew its position in shares of Perficient by 73.9% during the 4th quarter. Parallel Advisors LLC now owns 527 shares of the digital transformation consultancy’s stock valued at $35,000 after acquiring an additional 224 shares during the period. Principal Securities Inc. bought a new stake in shares of Perficient during the 4th quarter valued at $41,000. Finally, Park Place Capital Corp grew its position in shares of Perficient by 41.1% during the 1st quarter. Park Place Capital Corp now owns 1,180 shares of the digital transformation consultancy’s stock valued at $66,000 after acquiring an additional 344 shares during the period. Institutional investors own 95.00% of the company’s stock.

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.