Equities analysts forecast that Perficient, Inc. (NASDAQ:PRFT – Get Rating) will announce earnings of $0.95 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Perficient’s earnings, with estimates ranging from $0.94 to $0.96. Perficient reported earnings of $0.75 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 26.7%. The firm is expected to report its next quarterly earnings report before the market opens on Monday, January 1st.
On average, analysts expect that Perficient will report full-year earnings of $4.28 per share for the current financial year, with EPS estimates ranging from $4.26 to $4.30. For the next fiscal year, analysts anticipate that the company will post earnings of $4.99 per share, with EPS estimates ranging from $4.92 to $5.14. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Perficient.
Perficient (NASDAQ:PRFT – Get Rating) last announced its quarterly earnings data on Thursday, February 24th. The digital transformation consultancy reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.08. Perficient had a return on equity of 24.49% and a net margin of 6.84%. The firm had revenue of $214.73 million for the quarter, compared to analysts’ expectations of $207.17 million. During the same period last year, the business posted $0.64 earnings per share. The firm’s revenue for the quarter was up 32.1% on a year-over-year basis.
PRFT has been the topic of several recent analyst reports. Needham & Company LLC cut their target price on Perficient from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, February 25th. TheStreet lowered shares of Perficient from a “b” rating to a “c+” rating in a research report on Thursday, February 24th. Zacks Investment Research downgraded shares of Perficient from a “buy” rating to a “hold” rating in a research report on Saturday, March 5th. StockNews.com initiated coverage on shares of Perficient in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Alliance Global Partners dropped their target price on Perficient from $138.00 to $122.00 in a report on Monday, February 28th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $133.50.
Shares of NASDAQ PRFT opened at $111.06 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a market capitalization of $3.84 billion, a PE ratio of 73.55, a P/E/G ratio of 1.68 and a beta of 1.51. Perficient has a 1-year low of $59.20 and a 1-year high of $153.28. The business’s fifty day moving average price is $104.58 and its two-hundred day moving average price is $118.22.
In other news, Director Gary Wimberly purchased 399 shares of the business’s stock in a transaction dated Monday, February 28th. The stock was bought at an average cost of $100.00 per share, with a total value of $39,900.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 2.50% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley raised its holdings in Perficient by 8.5% in the 2nd quarter. Morgan Stanley now owns 342,940 shares of the digital transformation consultancy’s stock worth $27,578,000 after acquiring an additional 26,759 shares during the period. Private Advisor Group LLC increased its stake in shares of Perficient by 98.0% in the third quarter. Private Advisor Group LLC now owns 4,931 shares of the digital transformation consultancy’s stock worth $571,000 after purchasing an additional 2,441 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Perficient during the 3rd quarter worth about $1,032,000. Robeco Institutional Asset Management B.V. lifted its position in shares of Perficient by 30.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 5,825 shares of the digital transformation consultancy’s stock worth $673,000 after purchasing an additional 1,358 shares during the last quarter. Finally, Virginia Retirement Systems ET AL boosted its stake in Perficient by 90.8% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 22,900 shares of the digital transformation consultancy’s stock valued at $2,650,000 after purchasing an additional 10,900 shares during the period. Institutional investors own 95.62% of the company’s stock.
About Perficient
Perficient, Inc provides digital consultancy services and solutions in the United States. The company offers strategy and consulting solutions in the areas of digital and technology strategy, management consulting, 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 portfolio.