Perficient, Inc. (NASDAQ:PRFT) – Research analysts at Jefferies Financial Group issued their FY2018 EPS estimates for shares of Perficient in a research note issued to investors on Tuesday, November 20th. Jefferies Financial Group analyst S. Thind anticipates that the digital transformation consultancy will post earnings per share of $1.17 for the year. Jefferies Financial Group has a “Buy” rating and a $30.00 price objective on the stock. Jefferies Financial Group also issued estimates for Perficient’s Q4 2018 earnings at $0.30 EPS, Q1 2019 earnings at $0.31 EPS, Q2 2019 earnings at $0.32 EPS, Q3 2019 earnings at $0.33 EPS, Q4 2019 earnings at $0.32 EPS, FY2019 earnings at $1.29 EPS and FY2020 earnings at $1.46 EPS.

A number of other brokerages have also recently commented on PRFT. SunTrust Banks lifted their target price on shares of Perficient to $33.00 and gave the stock a “buy” rating in a research report on Friday, September 14th. BidaskClub upgraded shares of Perficient from a “hold” rating to a “buy” rating in a research report on Thursday, September 6th. Maxim Group began coverage on shares of Perficient in a research report on Tuesday, October 2nd. They issued a “buy” rating and a $34.00 target price on the stock. Barrington Research began coverage on shares of Perficient in a research report on Wednesday, October 10th. They issued an “outperform” rating and a $31.00 target price on the stock. Finally, Zacks Investment Research cut shares of Perficient from a “hold” rating to a “sell” rating in a research report on Thursday, November 8th. Two equities research analysts have rated the stock with a sell rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $30.83.

Perficient stock opened at $23.99 on Thursday. The firm has a market cap of $786.08 million, a PE ratio of 25.25, a P/E/G ratio of 1.45 and a beta of 0.87. Perficient has a fifty-two week low of $18.23 and a fifty-two week high of $31.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.93 and a current ratio of 2.93.

Perficient (NASDAQ:PRFT) last posted its earnings results on Thursday, November 1st. The digital transformation consultancy reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.11. Perficient had a net margin of 4.70% and a return on equity of 10.69%. The business had revenue of $123.90 million for the quarter, compared to analysts’ expectations of $124.91 million. During the same period in the prior year, the company posted $0.34 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year.

Several institutional investors and hedge funds have recently made changes to their positions in PRFT. Advisors Asset Management Inc. boosted its stake in shares of Perficient by 2,633.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 221,488 shares of the digital transformation consultancy’s stock valued at $114,000 after purchasing an additional 213,385 shares in the last quarter. BlueMountain Capital Management LLC bought a new stake in shares of Perficient during the 2nd quarter valued at about $179,000. Engineers Gate Manager LP bought a new stake in shares of Perficient during the 3rd quarter valued at about $205,000. Piedmont Investment Advisors LLC purchased a new position in Perficient during the 2nd quarter valued at about $215,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Perficient in the third quarter worth about $221,000. 88.63% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director James R. Kackley bought 1,000 shares of the business’s stock in a transaction dated Tuesday, November 13th. The shares were purchased at an average price of $25.16 per share, with a total value of $25,160.00. Following the purchase, the director now owns 41,019 shares of the company’s stock, valued at approximately $1,032,038.04. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 3.70% of the stock is owned by company insiders.

Perficient Company Profile

Perficient, Inc provides information technology and management consulting services in the United States. The company designs, builds, and delivers solutions using middleware software products developed by third-party vendors. Its solutions include portals and collaboration, such as searchable data systems, collaborative systems for process improvement, transaction processing, unified and extended reporting, and other services; and platform implementations services, including application server selection, architecture planning, installation and configuration, clustering for availability, performance assessment and issue remediation, security, and technology migrations.

Read More: Find a Trading Strategy That Works

Earnings History and Estimates for Perficient (NASDAQ:PRFT)

Receive News & Ratings for Perficient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perficient and related companies with MarketBeat.com's FREE daily email newsletter.