Q1 2023 Earnings Estimate for Perficient, Inc. Issued By William Blair (NASDAQ:PRFT)

Perficient, Inc. (NASDAQ:PRFT – Get Rating) – Investment analysts at William Blair issued their Q1 2023 EPS estimates for shares of Perficient in a note issued to investors on Wednesday, March 1st. William Blair analyst M. Nolan expects that the digital transformation consultancy will post earnings of $0.91 per share for the quarter. The consensus estimate for Perficient’s current full-year earnings is $4.09 per share. William Blair also issued estimates for Perficient’s Q2 2023 earnings at $1.01 EPS, Q3 2023 earnings at $1.10 EPS, Q4 2023 earnings at $1.11 EPS and FY2024 earnings at $4.54 EPS.

Other equities analysts have also recently issued reports about the stock. Morgan Stanley lowered their price objective on shares of Perficient from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, January 27th. Alliance Global Partners lowered their price target on shares of Perficient from $81.00 to $77.00 in a report on Tuesday, February 28th. JPMorgan Chase & Co. lifted their price objective on shares of Perficient from $80.00 to $84.00 in a research note on Thursday, December 15th. TheStreet cut shares of Perficient from a “b-” rating to a “c+” rating in a report on Tuesday, November 8th. Finally, National Alliance Securities restated a “neutral” rating on shares of Perficient in a report on Friday, February 17th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Perficient Trading Down 0.4 %

NASDAQ PRFT opened at $73.96 on Monday. Perficient has a twelve month low of $59.78 and a twelve month high of $116.44. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.16 and a current ratio of 1.98. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 1.06 and a beta of 1.53. The firm’s 50 day moving average price is $74.10 and its two-hundred day moving average price is $71.50.

Institutional Trading of Perficient

Several hedge funds have recently modified their holdings of PRFT. US Bancorp DE lifted its position in Perficient by 22.2% in the 1st quarter. US Bancorp DE now owns 2,282 shares of the digital transformation consultancy’s stock valued at $251,000 after acquiring an additional 415 shares in the last quarter. Natixis Advisors L.P. bought a new stake in shares of Perficient during the 1st quarter worth about $1,742,000. Bank of Montreal Can boosted its holdings in shares of Perficient by 7.1% during the 1st quarter. Bank of Montreal Can now owns 24,675 shares of the digital transformation consultancy’s stock worth $2,830,000 after buying an additional 1,639 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of Perficient by 56.4% during the 1st quarter. MetLife Investment Management LLC now owns 17,325 shares of the digital transformation consultancy’s stock worth $1,907,000 after buying an additional 6,246 shares during the period. Finally, Panagora Asset Management Inc. boosted its holdings in shares of Perficient by 9.9% during the 1st quarter. Panagora Asset Management Inc. now owns 15,272 shares of the digital transformation consultancy’s stock worth $1,681,000 after buying an additional 1,372 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insider Transactions at Perficient

In other news, Director David S. Lundeen sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 7th. The shares were sold at an average price of $71.42, for a total transaction of $285,680.00. Following the completion of the sale, the director now owns 34,412 shares of the company’s stock, valued at $2,457,705.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.20% of the company’s stock.

About Perficient

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Perficient, Inc engages in the provision of digital consultancy services. Its service categories include strategy and consulting, data and intelligence, platforms and technology, customer experience and digital marketing, innovation, and product development, and optimized global delivery. The company was founded in 1998 and is headquartered in St.