Shares of Perficient Inc. (NASDAQ:PRFT) hit a new 52-week high during mid-day 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 topic of a number of analyst reports. Needham & Company LLC restated a “buy” rating and set a $24.00 target price on shares of Perficient in a research report on Friday, April 1st. Zacks Investment Research lowered shares of Perficient from a “buy” rating to a “hold” rating in a research report on Thursday, May 5th. Finally, Sidoti initiated coverage on shares of Perficient in a research report on Friday, June 24th. They set a “buy” rating and a $27.00 target price on the stock.

The company has a market cap of $791.76 million and a P/E ratio of 30.93. The firm has a 50-day moving average price of $20.97 and a 200-day moving average price of $19.83.

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

Other hedge funds have added to or reduced their stakes in the company. Russell Frank Co increased its stake in 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 last quarter. California State Teachers Retirement System increased its stake in Perficient by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 65,648 shares of the company’s stock worth $1,124,000 after buying an additional 1,132 shares during the last quarter. Sei Investments Co. acquired a new stake in Perficient during the fourth quarter worth approximately $1,965,000. First Trust Advisors LP increased its stake in 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 last quarter. Finally, Mutual of America Capital Management LLC increased its stake in 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 last quarter.

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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