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 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 a number of recent analyst reports. Zacks Investment Research raised shares of Perficient from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Thursday, May 12th. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target (up from $24.00) on shares of Perficient in a report on Saturday, May 7th. Finally, Sidoti initiated coverage on shares of Perficient in a report on Friday, June 24th. They set a “buy” rating and a $27.00 price target on the stock.
The stock’s 50-day moving average is $21.15 and its 200-day moving average is $20.19. The company has a market cap of $683.60 million and a price-to-earnings ratio of 26.89.
Perficient (NASDAQ:PRFT) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by $0.02. During the same period in the previous year, the company earned $0.25 EPS. The firm had revenue of $124.40 million for the quarter, compared to analyst estimates of $124.88 million. The company’s revenue was up 14.7% on a year-over-year basis. On average, analysts predict that Perficient Inc. will post $1.30 EPS for the current year.
An institutional investor recently raised its position in Perficient stock. First Trust Advisors LP increased 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 fund owned 111,094 shares of the company’s stock after buying an additional 25,255 shares during the period. First Trust Advisors LP owned about 0.31% of Perficient worth $1,902,000 as of its most recent filing with the SEC.
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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