Shares of Perficient Inc. (NASDAQ:PRFT) reached a new 52-week high during trading on Friday . The company traded as high as $22.00 and last traded at $21.86, with a volume of 110,255 shares traded. The stock had previously closed at $21.51.

PRFT has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Perficient from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Thursday, May 12th. Sidoti initiated coverage on shares of Perficient in a report on Friday, June 24th. They set a “buy” rating and a $27.00 target price for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 target price (up previously from $24.00) on shares of Perficient in a report on Saturday, May 7th.

The stock’s 50-day moving average is $20.95 and its 200 day moving average is $19.80. The stock has a market capitalization of $787.61 million and a P/E ratio of 30.769.

Perficient (NASDAQ:PRFT) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. During the same period last year, the company posted $0.26 EPS. The firm had revenue of $123.80 million for the quarter, compared to the consensus estimate of $122.79 million. The business’s revenue was up 11.9% on a year-over-year basis. On average, equities research analysts expect that Perficient Inc. will post $1.32 earnings per share for the current fiscal year.

Other hedge funds have recently modified their holdings of the company. Russell Frank Co increased its stake in shares of Perficient by 3.1% in the fourth quarter. Russell Frank Co now owns 427,862 shares of the company’s stock worth $7,513,000 after buying an additional 12,937 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of Perficient by 163.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 217,115 shares of the company’s stock worth $3,717,000 after buying an additional 134,815 shares during the period. Sei Investments Co. purchased a new stake in shares of Perficient during the fourth quarter worth $1,965,000. First Trust Advisors LP increased its stake in shares of Perficient by 29.4% in the fourth quarter. First Trust Advisors LP now owns 111,094 shares of the company’s stock worth $1,902,000 after buying an additional 25,255 shares during the period. Finally, Monarch Partners Asset Management LLC increased its stake in shares of Perficient by 10.6% in the fourth quarter. Monarch Partners Asset Management LLC now owns 107,575 shares of the company’s stock worth $1,842,000 after buying an additional 10,300 shares during the period.

Perficient, Inc is an information technology and management consulting firm. The Company designs, builds and delivers business-driven technology solutions using third-party software products. Its solutions include big data and analytics, technology platform implementations, commerce, enterprise content management, portals and collaboration, management consulting, custom applications, business integration, content management (CM), business process management (BPM), and customer relationship management (CRM), among others.

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