Perficient (NASDAQ:PRFT) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.46-0.49 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.48. The company issued revenue guidance of $135-140 million, compared to the consensus revenue estimate of $135.38 million.Perficient also updated its FY19 guidance to $1.82-1.94 EPS.

A number of brokerages have commented on PRFT. Zacks Investment Research upgraded shares of Perficient from a hold rating to a strong-buy rating and set a $35.00 price target for the company in a research note on Saturday, May 11th. BidaskClub upgraded shares of Perficient from a hold rating to a buy rating in a research note on Friday, May 3rd. Maxim Group reaffirmed a buy rating and set a $37.00 price objective on shares of Perficient in a report on Wednesday, April 24th. Finally, Barrington Research reaffirmed a buy rating and set a $33.00 price objective on shares of Perficient in a report on Wednesday, February 27th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Perficient presently has an average rating of Buy and a consensus price target of $33.00.

Shares of NASDAQ PRFT traded down $0.43 during mid-day trading on Thursday, hitting $31.56. 10 shares of the stock were exchanged, compared to its average volume of 330,236. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 2.05 and a beta of 0.96. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.39. Perficient has a twelve month low of $20.92 and a twelve month high of $32.92.

Perficient (NASDAQ:PRFT) last posted its quarterly earnings data on Thursday, May 2nd. The digital transformation consultancy reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.12. The company had revenue of $133.82 million during the quarter, compared to analyst estimates of $131.10 million. Perficient had a net margin of 5.21% and a return on equity of 11.50%. The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the business posted $0.35 earnings per share. On average, analysts forecast that Perficient will post 1.44 earnings per share for the current year.

In other Perficient news, CEO Jeffrey S. Davis sold 900 shares of Perficient stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $29.62, for a total transaction of $26,658.00. Following the completion of the sale, the chief executive officer now owns 532,389 shares of the company’s stock, valued at approximately $15,769,362.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Jeffrey S. Davis sold 78,296 shares of Perficient stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $30.43, for a total transaction of $2,382,547.28. Following the sale, the chairman now directly owns 532,389 shares of the company’s stock, valued at approximately $16,200,597.27. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 320,357 shares of company stock valued at $9,388,058. Company insiders own 2.90% of the company’s stock.

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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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Earnings History and Estimates for Perficient (NASDAQ:PRFT)

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