Perficient, Inc. (NASDAQ:PRFT) CFO Paul E. Martin sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $47.59, for a total transaction of $713,850.00. Following the completion of the transaction, the chief financial officer now owns 157,674 shares of the company’s stock, valued at $7,503,705.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Perficient stock traded up $0.35 during mid-day trading on Friday, hitting $47.55. 444,000 shares of the company traded hands, compared to its average volume of 365,655. Perficient, Inc. has a one year low of $23.45 and a one year high of $47.96. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 39.30, a price-to-earnings-growth ratio of 2.04 and a beta of 0.83. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.69 and a current ratio of 2.69. The stock has a fifty day moving average price of $44.09 and a 200-day moving average price of $38.69.
Perficient (NASDAQ:PRFT) last announced its earnings results on Thursday, November 7th. The digital transformation consultancy reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.04. Perficient had a net margin of 5.94% and a return on equity of 13.21%. The business had revenue of $144.68 million during the quarter, compared to analyst estimates of $143.17 million. During the same period in the previous year, the business posted $0.41 earnings per share. Perficient’s revenue for the quarter was up 16.7% on a year-over-year basis. Sell-side analysts predict that Perficient, Inc. will post 1.65 EPS for the current year.
PRFT has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Perficient from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Friday, October 4th. Maxim Group restated a “buy” rating and issued a $50.00 price objective on shares of Perficient in a research report on Friday, November 8th. ValuEngine lowered shares of Perficient from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. BidaskClub upgraded shares of Perficient from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 16th. Finally, National Securities initiated coverage on shares of Perficient in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $46.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $44.20.
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, commerce, content management, 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.
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