Perficient Inc. (NASDAQ:PRFT)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $22.53 and last traded at $22.47, with a volume of 53,583 shares. The stock had previously closed at $22.43.

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

The firm has a market capitalization of $808.73 million and a price-to-earnings ratio of 31.59. The firm has a 50 day moving average price of $21.05 and a 200 day moving average price of $19.99.

Perficient (NASDAQ:PRFT) last announced its earnings results on Thursday, May 5th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. During the same quarter in the prior year, the company earned $0.26 earnings per share. The business earned $123.80 million during the quarter, compared to the consensus estimate of $122.79 million. Perficient’s revenue was up 11.9% compared to the same quarter last year. Analysts anticipate that Perficient Inc. will post $1.32 EPS for the current year.

Other institutional investors have recently made changes to their positions in the company. Mutual of America Capital Management LLC raised its position 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 valued at $3,717,000 after buying an additional 134,815 shares during the period. Sei Investments Co. purchased a new position in shares of Perficient during the fourth quarter valued at approximately $1,965,000. First Trust Advisors LP raised its position 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 valued at $1,902,000 after buying an additional 25,255 shares during the period. Monarch Partners Asset Management LLC raised its position 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 valued at $1,842,000 after buying an additional 10,300 shares during the period. Finally, California State Teachers Retirement System raised its position in shares of Perficient by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 65,648 shares of the company’s stock valued at $1,124,000 after buying an additional 1,132 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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