Perficient Inc. (PRFT) Sees Unusually-High Trading Volume
Perficient Inc. (NASDAQ:PRFT) saw unusually-high trading volume on Friday . Approximately 408,506 shares changed hands during mid-day trading, an increase of 121% from the previous session’s volume of 184,610 shares.The stock last traded at $20.11 and had previously closed at $19.98.
PRFT has been the topic of several recent research reports. Sidoti initiated coverage on Perficient in a research note on Friday, June 24th. They issued a “buy” rating and a $27.00 price target on the stock. Needham & Company LLC restated a “buy” rating and issued a $25.00 price target (up previously from $24.00) on shares of Perficient in a research note on Saturday, May 7th. Finally, Zacks Investment Research upgraded Perficient from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Thursday, May 12th.
The stock’s 50-day moving average is $21.15 and its 200-day moving average is $20.19. The firm has a market cap of $726.05 million and a price-to-earnings ratio of 28.36.
Perficient (NASDAQ:PRFT) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.02. The business had revenue of $124.40 million for the quarter, compared to analyst estimates of $124.88 million. Perficient’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 earnings per share. Equities analysts anticipate that Perficient Inc. will post $1.37 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Perficient stock. First Trust Advisors LP boosted its stake in Perficient Inc. (NASDAQ:PRFT) by 29.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 111,094 shares of the company’s stock after buying an additional 25,255 shares during the period. First Trust Advisors LP owned 0.31% of Perficient worth $1,902,000 as of its most recent SEC filing.
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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