A number of research firms have changed their ratings and price targets for Perficient (NASDAQ: PRFT):

  • 9/1/2017 – Perficient was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PERFICIENT INC helps clients acquire and strengthen customer relationships, reduce costs and empower employees by creating an Enabled Enterprise. Through their Enabled Enterprise solutions, Global 3000 companies can drive dramatic return-on-investment by unlocking the power of their existing enterprise resource planning and legacy systems. “
  • 8/30/2017 – Perficient was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $20.00 price target on the stock. According to Zacks, “PERFICIENT INC helps clients acquire and strengthen customer relationships, reduce costs and empower employees by creating an Enabled Enterprise. Through their Enabled Enterprise solutions, Global 3000 companies can drive dramatic return-on-investment by unlocking the power of their existing enterprise resource planning and legacy systems. “
  • 8/23/2017 – Perficient was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/11/2017 – Perficient was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “PERFICIENT INC helps clients acquire and strengthen customer relationships, reduce costs and empower employees by creating an Enabled Enterprise. Through their Enabled Enterprise solutions, Global 3000 companies can drive dramatic return-on-investment by unlocking the power of their existing enterprise resource planning and legacy systems. “
  • 8/3/2017 – Perficient was given a new $20.00 price target on by analysts at Maxim Group. They now have a “buy” rating on the stock.
  • 7/8/2017 – Perficient was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of Perficient, Inc. (PRFT) traded down 0.11% during trading on Friday, reaching $18.28. 42,147 shares of the company were exchanged. Perficient, Inc. has a one year low of $14.15 and a one year high of $20.79. The stock has a market capitalization of $641.94 million, a PE ratio of 44.37 and a beta of 0.86. The stock has a 50-day moving average price of $18.05 and a 200-day moving average price of $17.67.

Perficient (NASDAQ:PRFT) last announced its quarterly earnings results on Thursday, August 3rd. The information technology services provider reported $0.29 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. The business had revenue of $117 million during the quarter, compared to analysts’ expectations of $119.21 million. Perficient had a net margin of 3.08% and a return on equity of 7.42%. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.28 EPS. Analysts forecast that Perficient, Inc. will post $1.23 EPS for the current year.

In other Perficient news, Director Ralph C. Derrickson sold 7,900 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $17.64, for a total transaction of $139,356.00. Following the completion of the sale, the director now owns 32,747 shares of the company’s stock, valued at approximately $577,657.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.70% of the company’s stock.

Perficient, Inc is an information technology and management consulting firm. The Company’s solutions include business intelligence and analytics, commerce, content management, custom applications, platform implementations, portals and collaboration, business integration and application program interfaces, management consulting, business process management, and customer relationship management, among others.

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