StockNews.com initiated coverage on shares of Perficient (NASDAQ:PRFT – Get Free Report) in a note issued to investors on Wednesday. The brokerage set a “sell” rating on the digital transformation consultancy’s stock.
Perficient Price Performance
Perficient stock opened at $75.96 on Wednesday. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 32.46, a PEG ratio of 2.24 and a beta of 1.63. The business’s 50 day simple moving average is $75.60 and its 200 day simple moving average is $71.83. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 0.70. Perficient has a 12 month low of $42.51 and a 12 month high of $76.01.
Perficient (NASDAQ:PRFT – Get Free Report) last posted its earnings results on Thursday, August 8th. The digital transformation consultancy reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.01). Perficient had a net margin of 8.48% and a return on equity of 18.39%. The company had revenue of $222.82 million for the quarter, compared to analysts’ expectations of $223.58 million. Sell-side analysts forecast that Perficient will post 2.83 EPS for the current year.
Hedge Funds Weigh In On Perficient
About Perficient
Perficient, Inc provides digital consultancy services and solutions in the United States and internationally. It offers strategy and transformation solutions in digital strategy, technology strategy, business velocity and growth, and organizational change management; and data and intelligence solutions in the areas of analytics, artificial intelligence and machine learning, big data, business intelligence, and custom product portfolios.
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