News coverage about Perficient (NASDAQ:PRFT) has trended very positive recently, AlphaOne reports. AlphaOne, a unit of Accern, identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. AlphaOne ranks coverage of public 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 0.69 on AlphaOne’s scale. AlphaOne also gave news articles about the information technology services provider an impact score of 50 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the stock’s share price in the next several days.
Shares of Perficient (NASDAQ:PRFT) opened at 17.52 on Friday. Perficient has a 52-week low of $14.15 and a 52-week high of $22.66. The company’s 50-day moving average is $17.46 and its 200-day moving average is $17.94. The stock has a market cap of $620.54 million, a PE ratio of 30.21 and a beta of 0.87.
Perficient (NASDAQ:PRFT) last announced its quarterly earnings data on Tuesday, February 28th. The information technology services provider reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The business had revenue of $119.59 million for the quarter, compared to analyst estimates of $115 million. Perficient had a net margin of 4.86% and a return on equity of 8.54%. The company’s revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 EPS. Equities analysts anticipate that Perficient will post $1.22 EPS for the current year.
PRFT has been the subject of several research reports. Needham & Company LLC upped their price target on shares of Perficient from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, March 1st. TheStreet cut shares of Perficient from a “b-” rating to a “c” rating in a research report on Tuesday, February 28th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $23.67.
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In other news, CFO Paul E. Martin sold 20,000 shares of the stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $17.95, for a total transaction of $359,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey S. Davis sold 56,257 shares of the stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $17.94, for a total transaction of $1,009,250.58. Following the transaction, the insider now owns 635,936 shares in the company, valued at $11,408,691.84. The disclosure for this sale can be found here. Corporate insiders own 3.50% 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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