Perficient (PRFT) Stock Price, News & Analysis

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Perficient in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PRFT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PRFT, but not buy additional shares or sell existing shares.
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5 brokers have issued 12 month target prices for Perficient's stock. Their PRFT share price targets range from $65.00 to $77.00. On average, they anticipate the company's share price to reach $70.00 in the next twelve months. This suggests a possible upside of 57.0% from the stock's current price.
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Perficient's stock was trading at $65.82 at the start of the year. Since then, PRFT shares have decreased by 32.3% and is now trading at $44.58.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
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Perficient, Inc. (NASDAQ:PRFT) posted its earnings results on Tuesday, February, 27th. The digital transformation consultancy reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by $0.02. The digital transformation consultancy earned $220.79 million during the quarter, compared to analysts' expectations of $223.79 million. Perficient had a trailing twelve-month return on equity of 23.39% and a net margin of 10.91%. The company's revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 earnings per share.

ETFs with the largest weight of Perficient (NASDAQ:PRFT) stock in their portfolio include Invesco S&P SmallCap Information Technology ETF (PSCT) and Janus Henderson Small Cap Growth Alpha ETF (JSML).SPDR S&P 600 Small Cap ETF (SLY).

Perficient issued an update on its FY24 earnings guidance on Tuesday, February, 27th. The company provided EPS guidance of $4.05-4.20 for the period, compared to the consensus earnings per share estimate of $4.22. The company issued revenue guidance of $925-965 million, compared to the consensus revenue estimate of $939.77 million.

472 employees have rated Perficient Chief Executive Officer Jeffrey Davis on Glassdoor.com. Jeffrey Davis has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Perficient investors own include NVIDIA (NVDA), Alteryx (AYX), Marvell Technology (MRVL), Block (SQ), Bank of America (BAC), JD.com (JD), Alibaba Group (BABA), Intuitive Surgical (ISRG), Salesforce (CRM) and Advanced Micro Devices (AMD).

Perficient's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Congress Asset Management Co. MA (4.01%), Mountain Pacific Investment Advisers Inc. ID (1.10%), Confluence Investment Management LLC (0.15%), Bridge City Capital LLC (0.10%) and Park Avenue Securities LLC (0.01%). Insiders that own company stock include Brian L Matthews, David S Lundeen, Gary Wimberly, Jeffrey S Davis, Jeffrey S Davis, Kevin Thomas Sheen, Nancy C Pechloff, Paul E Martin, Ralph C Derrickson, Romil Bahl, Thomas J Hogan and Thomas J Hogan.
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Shares of PRFT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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