Perficient (PRFT) Receiving Somewhat Positive Media Coverage, Study Shows
News articles about Perficient (NASDAQ:PRFT) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Perficient earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave headlines about the digital transformation consultancy an impact score of 48.3836685688268 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of brokerages recently weighed in on PRFT. BidaskClub raised Perficient from a “hold” rating to a “buy” rating in a research report on Wednesday, July 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price objective on shares of Perficient in a research report on Friday, July 13th. Zacks Investment Research raised Perficient from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Saturday, May 5th. Maxim Group reaffirmed a “hold” rating on shares of Perficient in a research report on Monday, April 23rd. Finally, ValuEngine downgraded Perficient from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 26th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.50.
NASDAQ PRFT traded up $0.34 during trading on Monday, hitting $27.50. The company’s stock had a trading volume of 306 shares, compared to its average volume of 201,026. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.24 and a current ratio of 2.24. The company has a market cap of $945.08 million, a PE ratio of 28.81 and a beta of 0.66. Perficient has a fifty-two week low of $17.45 and a fifty-two week high of $27.90.
In related news, CEO Jeffrey S. Davis sold 1,500 shares of Perficient stock in a transaction dated Friday, May 25th. The stock was sold at an average price of $25.68, for a total transaction of $38,520.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary Wimberly bought 4,945 shares of the firm’s stock in a transaction that occurred on Wednesday, May 23rd. The shares were purchased at an average cost of $25.33 per share, with a total value of $125,256.85. Following the acquisition, the director now directly owns 3,945 shares of the company’s stock, valued at $99,926.85. The disclosure for this purchase can be found here. In the last three months, insiders sold 154,544 shares of company stock valued at $4,034,482. Corporate insiders own 3.50% of the company’s stock.
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.
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