Perficient, Inc. (NASDAQ:PRFT) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.32-0.38 for the period, compared to the Thomson Reuters consensus estimate of $0.38.
Shares of Perficient, Inc. (NASDAQ:PRFT) opened at $19.00 on Friday. The stock has a market cap of $676.87 million, a PE ratio of 22.29 and a beta of 0.85. The company has a quick ratio of 2.57, a current ratio of 2.92 and a debt-to-equity ratio of 0.18.
Perficient (NASDAQ:PRFT) last announced its quarterly earnings results on Thursday, November 2nd. The digital transformation consultancy reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. Perficient had a return on equity of 8.05% and a net margin of 3.36%. The firm had revenue of $123.70 million for the quarter, compared to analysts’ expectations of $127.51 million. During the same period in the prior year, the business posted $0.26 earnings per share. The business’s revenue was up 3.8% compared to the same quarter last year. equities analysts forecast that Perficient, Inc. will post 0.95 EPS for the current fiscal year.
PRFT has been the subject of a number of recent analyst reports. Maxim Group set a $20.00 price objective on Perficient and gave the company a buy rating in a research report on Thursday, August 3rd. Zacks Investment Research lowered Perficient from a buy rating to a hold rating in a research report on Friday, September 1st. Finally, BidaskClub downgraded Perficient from a hold rating to a sell rating in a research note on Saturday, July 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $21.33.
In related news, CFO Paul E. Martin sold 6,082 shares of the stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $20.20, for a total transaction of $122,856.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Jeffrey S. Davis sold 39,023 shares of Perficient stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $20.04, for a total transaction of $782,020.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 88,847 shares of company stock valued at $1,739,758. 3.70% of the stock is currently owned by insiders.
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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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