Perficient (PRFT) Stock Price, News & Analysis

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Perficient in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 brokerages have issued 12-month price targets for Perficient's shares. Their PRFT share price targets range from $65.00 to $77.00. On average, they expect the company's share price to reach $70.00 in the next year. This suggests a possible upside of 56.3% 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 31.9% and is now trading at $44.80.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
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Perficient will be holding an earnings conference call on Monday, May 6th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Perficient, Inc. (NASDAQ:PRFT) released its quarterly earnings data 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 analyst estimates of $223.79 million. Perficient had a net margin of 10.91% and a trailing twelve-month return on equity of 23.39%. The business's revenue for the quarter was down 5.1% on a year-over-year basis. During the same period last year, the company posted $0.98 EPS.

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 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 investors include Congress Asset Management Co. MA (4.01%), Mountain Pacific Investment Advisers Inc. ID (1.10%), Allspring Global Investments Holdings LLC (0.72%), Congress Wealth Management LLC DE (0.45%), Norden Group LLC (0.28%) and Confluence Investment Management LLC (0.15%). 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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