Somewhat Positive Press Coverage Somewhat Unlikely to Affect Perficient (PRFT) Share Price

News headlines about Perficient (NASDAQ:PRFT) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Perficient earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news stories about the digital transformation consultancy an impact score of 46.9744661020539 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news stories that may have impacted Accern’s scoring:

Perficient (NASDAQ:PRFT) traded down $0.02 during trading hours on Friday, reaching $19.28. 58,429 shares of the company traded hands, compared to its average volume of 147,776. The company has a market capitalization of $661.16, a PE ratio of 21.77 and a beta of 0.85. Perficient has a twelve month low of $16.20 and a twelve month high of $20.22. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.18.

Perficient (NASDAQ:PRFT) last released its quarterly earnings results on Thursday, November 2nd. The digital transformation consultancy reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $123.70 million for the quarter, compared to analysts’ expectations of $127.51 million. Perficient had a net margin of 3.36% and a return on equity of 8.05%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 earnings per share. analysts predict that Perficient will post 0.93 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on PRFT shares. Zacks Investment Research cut shares of Perficient from a “buy” rating to a “hold” rating in a report on Saturday, October 7th. BidaskClub upgraded shares of Perficient from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Finally, Maxim Group set a $20.00 price target on shares of Perficient and gave the company a “buy” rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $21.33.

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In other Perficient news, CFO Paul E. Martin sold 13,300 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $19.36, for a total transaction of $257,488.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey S. Davis sold 2,542 shares of the firm’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $19.92, for a total value of $50,636.64. The disclosure for this sale can be found here. Insiders have sold 80,947 shares of company stock valued at $1,600,402 in the last three months. Insiders own 3.70% of the company’s stock.

About Perficient

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.

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

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