Somewhat Favorable News Coverage Somewhat Unlikely to Affect Perficient (PRFT) Stock Price

News coverage about Perficient (NASDAQ:PRFT) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Perficient earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media coverage about the digital transformation consultancy an impact score of 45.6355034422366 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Several equities analysts have issued reports on PRFT shares. TheStreet raised Perficient from a “c+” rating to a “b-” rating in a research note on Friday, January 26th. Maxim Group reissued a “buy” rating and issued a $27.00 price target on shares of Perficient in a research note on Wednesday, April 11th. SunTrust Banks boosted their price target on Perficient to $26.00 and gave the company a “buy” rating in a research note on Monday, March 5th. ValuEngine raised Perficient from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $25.00 price target on shares of Perficient in a research note on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $24.75.

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NASDAQ PRFT opened at $23.86 on Tuesday. The company has a market cap of $824.26, a PE ratio of 25.12 and a beta of 0.66. Perficient has a 52 week low of $16.20 and a 52 week high of $24.30. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.15.

Perficient (NASDAQ:PRFT) last released its quarterly earnings data on Thursday, March 1st. The digital transformation consultancy reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The firm had revenue of $133.48 million during the quarter, compared to the consensus estimate of $119.70 million. Perficient had a return on equity of 8.90% and a net margin of 3.83%. The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 earnings per share. equities analysts anticipate that Perficient will post 1.11 earnings per share for the current fiscal year.

Perficient announced that its board has approved a stock buyback plan on Thursday, March 1st that permits the company to buyback $25.00 million in shares. This buyback authorization permits the digital transformation consultancy to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

In related news, CFO Paul E. Martin sold 25,000 shares of the company’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $21.21, for a total transaction of $530,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Jeffrey S. Davis sold 43,413 shares of the company’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $23.91, for a total value of $1,038,004.83. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,836 shares of company stock valued at $2,115,017. Corporate insiders own 3.70% 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, 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.

Insider Buying and Selling by Quarter for Perficient (NASDAQ:PRFT)

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