Perficient (NASDAQ:PRFT) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.46-0.49 for the period, compared to the Thomson Reuters consensus earnings per share 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 research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Perficient from a buy rating to a hold rating in a research report on Wednesday, May 1st. Maxim Group restated a buy rating and issued a $37.00 price target on shares of Perficient in a research report on Wednesday, April 24th. BidaskClub upgraded shares of Perficient from a hold rating to a buy rating in a research report on Thursday, February 14th. Finally, Barrington Research restated a buy rating and issued a $33.00 price target on shares of Perficient in a research 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 stock. The company presently has a consensus rating of Buy and a consensus target price of $33.00.
Shares of NASDAQ:PRFT opened at $31.20 on Friday. The stock has a market capitalization of $1.04 billion, a P/E ratio of 25.79, a PEG ratio of 2.05 and a beta of 0.96. Perficient has a fifty-two week low of $20.92 and a fifty-two week high of $32.92. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.82 and a current ratio of 2.82.
In related news, CFO Paul E. Martin sold 25,000 shares of Perficient stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $27.40, for a total value of $685,000.00. Following the sale, the chief financial officer now directly owns 179,860 shares in the company, valued at approximately $4,928,164. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey S. Davis sold 900 shares of Perficient stock in a transaction dated 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 in the company, valued at $15,769,362.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 320,357 shares of company stock worth $9,388,058. 2.90% of the stock is currently owned by insiders.
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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