Perficient (NASDAQ:PRFT) Stock, Quote.Headers.trade-ideas

Perficient

Perficient Inc provides a variety of information technology and consulting services that focus on digital experience, business optimization, and IT solutions. The company's services include big data analytics, technology platform implementations, enterprise content management, portals and collaboration, management consulting, custom applications, business integration, business process management, and customer relationship management. It serves the healthcare, financial services, retail, and electronics industries. The vast majority of the company's revenue comes from the United States.

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Top 5 Tech Stocks That May Crash This Quarter

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Dow Surges Over 100 Points; EyePoint Pharmaceuticals Shares Plunge

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Crude Oil Gains 1%; TreeHouse Foods Shares Fall After Q1 Results

Perficient Inc

Perficient Launches Scarlett, An AI-Powered Chatbot Aimed At Boosting Productivity And Operational Efficiencies Globally

Earnings Misses

Perficient Q2 2024 Adj. EPS $0.92 Misses $0.94 Estimate, Sales $222.817M Miss $224.184M Estimate

As of July 8, 2024, five stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Fair Isaac Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>)</h3>
<ul>
<li>On July 1, FICO named Nikhil Behl as executive vice president for software. &#8220;I&#8217;ve known and worked with Nikhil for many years, and during his 10 years at FICO we&#8217;ve experienced significant strengthening of our brand value, reputation with customers and regulators, strategic competitive positioning for FICO&#xAE; Scores and FICO&#xAE; Platform, and market-leading business growth,&#8221; said Will Lansing, FICO CEO. The company's stock gained around 18% over the past month and has a <a href="https://www.benzinga.com/quote/FICO">52-week high of $1,555.06</a>.</li>
<li>RSI Value: 79.67&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>FICO Price Action: Shares of Fair Isaac gained 1.4% to close at $1,551.55 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Adobe Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>)</h3>
<ul>
<li>On July 1, DA Davidson analyst Gil Luria maintained Adobe with a Buy rating and increased the price target from $640 to $685. The company's stock gained around 26% over the past month and <a href="https://www.benzinga.com/quote/ADBE">has a 52-week high</a> of $638.25.</li>
<li>RSI Value: 78.76</li>
<li>ADBE Price Action: Shares of Adobe climbed 1.4% to close at $578.34 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Arista Networks Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>)</h3>
<ul>
<li>Arista Networks, said it will release its financial results for the quarter ended June 30, 2024 after the closing bell on Tuesday, July 30, 2024. The company's stock gained around 23% over the past month and has a <a href="https://www.benzinga.com/quote/ANET">52-week high</a> of $367.25.</li>
<li>RSI Value: 78.41</li>
<li>ANET Price Action: Shares of Arista Networks gained 0.2% to close at $366.14 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Perficient, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>)</h3>
<ul>
<li>On May 5, Perficient announced it will be acquired by an affiliate of BPEA Private Equity Fund VIII. The company's stock jumped around 17% over the past six months and has a 52-week high of $96.93.</li>
<li>RSI Value: 78.38</li>
<li>PRFT Price Action: Shares of Perficient fell 0.1% to close at $74.85 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Wipro Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WIT#NYSE">WIT</a>)</h3>
<ul>
<li>On June 13, Wipro disclosed a strategic collaboration with Hewlett Packard Enterprise to launch a GenAI solution within the new Customer Experience Center (CEC) at the Wipro Cloud Studio&#8217;s Kodathi office. The company's stock jumped around 15% over the past month and <a href="https://www.benzinga.com/quote/WIT">has a 52-week high</a> of $6.45.</li>
<li>RSI Value: 77.68</li>
<li>WIT Price Action: Shares of Wipro closed at $6.38 on Friday.</li>
</ul>
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39646161/top-3-financial-stocks-youll-regret-missing-in-q3">Top 3 Financial Stocks You&#8217;ll Regret Missing In Q3</a>

Alliance Global Partners analyst Brian Kinstlinger downgrades Perficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) from Buy to Neutral.

Downgrades

Analyst Ratings

Alliance Global Partners Downgrades Perficient to Neutral

Maxim Group analyst Jack Vander Aarde downgrades Perficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) from Buy to Hold and announces $76 price target.

Price Target

Maxim Group Downgrades Perficient to Hold, Announces $76 Price Target

Barrington Research analyst Vincent Colicchio downgrades Perficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) from Outperform to Market Perform.

Barrington Research Downgrades Perficient to Market Perform

U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 100 points on Monday.
The Dow traded up 0.35% to 38,811.58 while the NASDAQ rose 0.95% to 16,309.74. The S&amp;P 500 also rose, gaining, 0.82% to 5,169.93.
Leading and Lagging Sectors Energy shares rose by 1.5% on Monday.
In trading on Friday, consumer staples shares fell by 0.4%.
Top Headline
Shares of Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) fell sharply during Monday&#8217;s session after reporting first-quarter results.
Spirit Airlines reported a first-quarter fiscal 2024 revenue decline of 6.2% Y/Y to $1.265 billion, marginally missing the consensus of $1.269 billion. Adjusted EPS loss was $(1.46), down from $(0.82), missing the consensus of $(1.45).
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Perficient, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) shares shot up 53% to $73.38 after the company disclosed an acquisition deal and first-quarter FY24 results.</li>
<li>Shares of Strong Global Entertainment, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGE#NYSE">SGE</a>) got a boost, surging 120% to $2.51  after FG Acquisition Corp. announced the proposed acquisition of Strong/MDI Screen Systems and the launch of Saltire Holdings.</li>
<li>XBP Europe Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XBP#NASDAQ">XBP</a>) shares were also up, gaining 55% to $3.2680. XBP Europe Holdings was recently awarded a $40 million multi-year contract for a nationwide transformation project for His Majesty&#8217;s Passport Office.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Lyra Therapeutics, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYRA#NASDAQ">LYRA</a>) shares dropped 87% to $3.2680 after the company announced the ENLIGHTEN 1 trial did not meet its primary endpoint.</li>
<li>Shares of GlycoMimetics, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLYC#NASDAQ">GLYC</a>) were down 82% to $0.3330 after the company announced topline results from its Phase 3 global pivotal study of uproleselan in relapsed/refractory acute myeloid leukemia (R/R AML).</li>
<li>EyePoint Pharmaceuticals, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EYPT#NASDAQ">EYPT</a>) was down, falling 42% to $11.38 after the company&#8217;s Phase 2 PAVIA trial of DURAVYU did not meet its pre-specified primary endpoint.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/news/24/05/38641330/netflix-home-depot-and-more-on-cnbcs-final-trades">Netflix, Home Depot And More On CNBC&#8217;s &#8216;Final Trades&#8217;</a>
Commodities In commodity news, oil traded up 0.6% to $78.56 while gold traded up 1.1% at $2,333.60.
Silver traded up 3.6% to $27.66 on Monday, while copper rose 1.1% to $4.6085.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.53%, Germany's DAX rose 0.96% and France's CAC 40 gained 0.49%. Spain's IBEX 35 Index rose 0.58%, while London's FTSE 100 rose 0.51%.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei falling 0.1%, Hong Kong's Hang Seng Index jumping 0.55% and India's S&amp;P BSE Sensex rising 0.02%.
Economics
No major economic reports will be released today.
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/05/38641042/how-to-earn-500-a-month-from-fmc-stock-ahead-of-q1-earnings">How To Earn $500 A Month From FMC Stock Ahead Of Q1 Earnings</a>

Scotiabank analyst Divya Goyal maintains Perficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) with a Sector Perform and raises the price target from $50 to $76.

Scotiabank Maintains Sector Perform on Perficient, Raises Price Target to $76

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 100 points on Monday.
The Dow traded up 0.18% to 38,744.60 while the NASDAQ rose 0.69% to 16,267.82. The S&amp;P 500 also rose, gaining, 0.61% to 5,158.84.
Check This Out: <a href="https://www.benzinga.com/news/24/05/38611902/wall-streets-most-accurate-analysts-views-on-3-tech-telecom-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Tech &amp; Telecom Stocks Delivering High-Dividend Yields</a>
Leading and Lagging Sectors Energy shares rose by 1.5% on Monday.
In trading on Friday, consumer staples shares fell by 0.4%.
Top Headline
Shares of TreeHouse Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THS#NYSE">THS</a>) fell around 9% on Monday after the company reported mixed first-quarter financial results.
The company reported a first-quarter FY24 sales of $820.70 million, beating the analyst consensus estimate of $797.18 million. Adjusted EPS of $(0.03) missed the analyst consensus of $(0.01).
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Perficient, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) shares shot up 53% to $73.53 after the company disclosed an acquisition deal and first-quarter FY24 results.</li>
<li>Shares of Strong Global Entertainment, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGE#NYSE">SGE</a>) got a boost, surging 108% to $2.3783 fter FG Acquisition Corp. announced the proposed acquisition of Strong/MDI Screen Systems and the launch of Saltire Holdings.</li>
<li>XBP Europe Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XBP#NASDAQ">XBP</a>) shares were also up, gaining 53% to $3.2350. XBP Europe Holdings was recently awarded a $40 million multi-year contract for a nationwide transformation project for His Majesty&#8217;s Passport Office.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Lyra Therapeutics, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYRA#NASDAQ">LYRA</a>) shares dropped 87% to $0.5363 after the company announced the ENLIGHTEN 1 trial did not meet its primary endpoint.</li>
<li>Shares of GlycoMimetics, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLYC#NASDAQ">GLYC</a>) were down 79% to $0.3801 after the company announced topline results from its Phase 3 global pivotal study of uproleselan in relapsed/refractory acute myeloid leukemia (R/R AML).</li>
<li>EyePoint Pharmaceuticals, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EYPT#NASDAQ">EYPT</a>) was down, falling 39% to $11.99 after the company&#8217;s Phase 2 PAVIA trial of DURAVYU did not meet its pre-specified primary endpoint.</li>
</ul>
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Commodities In commodity news, oil traded up 1.1% to $78.95 while gold traded up 1.2% at $2,335.40.
Silver traded up 3.6% to $27.645 on Monday, while copper rose 1.4% to $4.6225.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.53%, Germany's DAX rose 0.96% and France's CAC 40 gained 0.49%. Spain's IBEX 35 Index rose 0.58%, while London's FTSE 100 rose 0.51%.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei falling 0.1%, Hong Kong's Hang Seng Index jumping 0.55% and India's S&amp;P BSE Sensex rising 0.02%.
Economics
No major economic reports will be released today.
Now Read This: <a href="https://www.benzinga.com/news/24/05/38641330/netflix-home-depot-and-more-on-cnbcs-final-trades">Netflix, Home Depot And More On CNBC&#8217;s &#8216;Final Trades</a>&#8216;

Shares of Perficient, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) shares rose sharply during Monday's session after the company disclosed an acquisition deal and <a href="https://www.benzinga.com/quote/PRFT/earnings">first-quarter FY24 results</a>.
The company stated that it has entered into a definitive deal to be acquired by an affiliate of BPEA Private Equity Fund VIII (EQT Asia), part of EQT AB in an all-cash transaction at an enterprise value of around $3.0 billion.
Perficient shares jumped 53% to $73.60 on Monday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>BioCryst Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCRX#NASDAQ">BCRX</a>) gained 19% to $5.30 following strong first-quarter results.</li>
<li>Pacific Biosciences of California, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PACB#NASDAQ">PACB</a>) rose 15% to $2.1050.</li>
<li>Marathon Digital Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) gained 13.2% to $19.83.</li>
<li>Trupanion, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRUP#NASDAQ">TRUP</a>) rose 10.9% to $22.02. The company recently reported first-quarter financial results.</li>
<li>Ocugen, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCGN#NASDAQ">OCGN</a>) surged 10.9% to $1.4750. Ocugen is expected to host conference call on Tuesday, May 14 to discuss business updates and first quarter 2024 financial results.</li>
<li>SNDL Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNDL#NASDAQ">SNDL</a>) shares gained 10.5% to $2.5999.</li>
<li>SelectQuote, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLQT#NYSE">SLQT</a>) jumped 10.3% to $2.25. SelectQuote is expected to Release fiscal third quarter 2024 earnings on May 9.</li>
<li>Lotus Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOT#NASDAQ">LOT</a>) gained 9.4% to $7.80.</li>
<li>Atlas Energy Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AESI#NASDAQ">AESI</a>) rose 7.7% to $23.65, reversing from earlier weakness after reporting first-quarter results. The company also raised its dividend.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>EyePoint Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EYPT#NASDAQ">EYPT</a>) dipped 37.7% to $12.29 after the company&#8217;s Phase 2 PAVIA trial of DURAVYU did not meet its pre-specified primary endpoint.</li>
<li>Integra LifeSciences Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IART#NASDAQ">IART</a>) shares dropped 17.8% to $23.76 following weak second-quarter EPS guidance.</li>
<li>Bowlero Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOWL#NYSE">BOWL</a>) fell 16.7% to $10.40 in pre-market trading after posting weaker-than-expected quarterly results.</li>
<li>Braskem S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAK#NYSE">BAK</a>) shares declined 15.5% to $7.63 in pre-market trading after shareholder Novonor said Adnoc has no interest in continuing the process on a potential transaction.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) fell 15.2% to $13.97 after the stock rose more than 40% last week.</li>
<li>Uniti Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UNIT#NASDAQ">UNIT</a>) fell 11.5% to $3.9489 after the company announced plans for a $300 million offering of 10.50% Senior Secured Notes due 2028 by its subsidiaries.</li>
<li>TreeHouse Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THS#NYSE">THS</a>) dipped 10.3% to $33.41 after the company reported mixed first-quarter financial results including a net sales decline.</li>
<li>Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) declined 9.8% to $3.3450 as the company reported a first-quarter fiscal 2024 revenue decline of 6.2% Y/Y to $1.265 billion, marginally missing the consensus of $1.269 billion.</li>
<li>Critical Metals Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRML#NASDAQ">CRML</a>) fell 7.9% to $9.18.</li>
<li>Tyson Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) fell 7.8% to $57.18 following weak quarterly sales.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/05/38641042/how-to-earn-500-a-month-from-fmc-stock-ahead-of-q1-earnings">How To Earn $500 A Month From FMC Stock Ahead Of Q1 Earnings</a>

AESI

BCRX

BOWL

CRML

IART

MARA

OCGN

PACB

SLQT

SNDL

TRUP

UNIT

Why Perficient Shares Are Trading Higher By Around 53%? Here Are 20 Stocks Moving In Monday's Mid-Day Session

<h3>Gainers</h3>
<ul>
<li>Strong Global (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SGE#AMEX">SGE</a>) shares rose 100.8% to $2.29 during Monday's regular session. The market value of their outstanding shares is at $18.0 million. </li>
<li>Perficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) stock rose 52.8% to $73.52. The company's market cap stands at $2.5 billion. The company's, Q1 earnings came out today. </li>
<li>DatChat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) stock moved upwards by 26.53% to $1.53. The company's market cap stands at $4.6 million. </li>
<li>Upland Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPLD#NASDAQ">UPLD</a>) shares rose 24.27% to $3.22. The market value of their outstanding shares is at $89.6 million. As per the press release, Q1 earnings came out 2 days ago. </li>
<li>Marathon Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) shares increased by 17.07% to $20.51. The market value of their outstanding shares is at $5.5 billion. </li>
<li>My Size (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYSZ#NASDAQ">MYSZ</a>) stock rose 15.12% to $4.81. The company's market cap stands at $3.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Meta Materials (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMAT#NASDAQ">MMAT</a>) shares decreased by 20.4% to $2.67 during Monday's regular session. The market value of their outstanding shares is at $16.8 million. </li>
<li>ReAlpha Tech Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRE#NASDAQ">AIRE</a>) shares fell 10.55% to $0.89. The company's market cap stands at $39.4 million. </li>
<li>Luna Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNA#NASDAQ">LUNA</a>) shares declined by 9.97% to $2.75. The market value of their outstanding shares is at $95.5 million. </li>
<li>MicroCloud Hologram (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) shares decreased by 8.72% to $2.09. The market value of their outstanding shares is at $12.4 million. </li>
<li>Saverone 2014 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVRE#NASDAQ">SVRE</a>) stock fell 8.52% to $0.68. The market value of their outstanding shares is at $10.8 million. </li>
<li>UTStarcom Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UTSI#NASDAQ">UTSI</a>) shares fell 8.25% to $2.56. The market value of their outstanding shares is at $23.8 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AIRE

DATS

MicroCloud Hologram Inc. - Ordinary Shares

HOLO

LUNA

MMAT

MYSZ

SVRE

UPLD

UTSI

12 Information Technology Stocks Moving In Monday's Intraday Session

Needham analyst Mayank Tandon downgrades Perficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) from Buy to Hold.

Needham Downgrades Perficient to Hold

William Blair analyst Maggie Nolan downgrades Perficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) from Outperform to Market Perform.

William Blair Downgrades Perficient to Market Perform

<h3>Gainers</h3>
<ul>
<li>Perficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) stock increased by 52.9% to $73.55 during Monday's pre-market session. The market value of their outstanding shares is at $2.5 billion. As per the press release, Q1 earnings came out today. </li>
<li>Strong Global (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SGE#AMEX">SGE</a>) stock increased by 51.74% to $1.73. The market value of their outstanding shares is at $13.6 million. </li>
<li>Mawson Infra Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIGI#NASDAQ">MIGI</a>) shares increased by 13.17% to $1.46. The company's market cap stands at $24.3 million. </li>
<li>Edgio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGIO#NASDAQ">EGIO</a>) stock moved upwards by 10.0% to $9.9. The company's market cap stands at $57.9 million. </li>
<li>Signing Day Sports (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SGN#AMEX">SGN</a>) stock moved upwards by 9.67% to $0.34. The company's market cap stands at $4.5 million. </li>
<li>Ambarella (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) stock rose 9.5% to $52.4. The company's market cap stands at $2.1 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Meta Materials (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMAT#NASDAQ">MMAT</a>) stock declined by 25.4% to $2.5 during Monday's pre-market session. The market value of their outstanding shares is at $15.7 million. </li>
<li>WiSA Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WISA#NASDAQ">WISA</a>) stock declined by 8.25% to $4.23. The company's market cap stands at $11.7 million. </li>
<li>Unusual Machines (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UMAC#AMEX">UMAC</a>) stock decreased by 5.43% to $1.22. The company's market cap stands at $11.3 million. </li>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) shares decreased by 5.14% to $0.26. </li>
<li>Upland Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPLD#NASDAQ">UPLD</a>) shares fell 4.64% to $2.47. The market value of their outstanding shares is at $68.8 million. As per the news, the Q1 earnings report came out 2 days ago. </li>
<li>X3 Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTKG#NASDAQ">XTKG</a>) stock fell 4.47% to $0.74. The market value of their outstanding shares is at $201.4 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AMBA

CETX

EGIO

MAWSON INFRSTRUCTURE GRP by Mawson Infrastructure Group Inc.

MIGI

UMAC

WISA

XTKG

12 Information Technology Stocks Moving In Monday's Pre-Market Session

WIIM

Perficient shares are trading higher after the company announced it will be acquired by an affiliate of BPEA Private Equity Fund VIII.

Perficient, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) shares are jumping premarket today after the company disclosed an acquisition deal and&nbsp;first-quarter FY24 results.
M&amp;A:&nbsp;The company stated that it has entered into a definitive deal to be acquired by an affiliate of BPEA Private Equity Fund VIII (EQT Asia), part of&nbsp;EQT AB&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/EQBBF#OTC">EQBBF</a>) in an all-cash transaction at an&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/b38633346/perficient-to-be-acquired-by-eqt-for-approximately-3-0-billion" rel="noreferrer noopener">enterprise value of around $3.0 billion.</a>
As per the terms, Perficient shareholders will receive $76.00 per share in cash for each common share they own.&nbsp;
The purchase price represents a 75% premium to its closing share price on April 29 and a 51% premium to the 30-day volume-weighted average share price for&nbsp;the period ending&nbsp;April 29.
Jeffrey Davis, Chairman of the Board of Perficient, said, &#8220;With this agreement with EQT, we will provide our shareholders with compelling, certain cash value for their shares while continuing to support our clients in exceeding expectations, outpacing the competition, and growing their businesses.&#8221;
Hari Gopalakrishnan, Partner within the EQT Private Capital Asia advisory team, said, &#8220;Perficient is well known for its&nbsp;world class&nbsp;end-to-end digital consulting&nbsp;capabilities,&nbsp;and unmatched global delivery. In recent years, the Perficient team has&nbsp;been successful in expanding&nbsp;the scope of their offerings, and we look forward to supporting them in driving further growth. We have significant experience investing in the digital technology&nbsp;space, and I am confident that this exciting partnership will help strengthen Perficient&#8217;s unique position in the marketplace.&#8221;
The transaction, which has been unanimously approved by Perficient&#8217;s Board of Directors, is expected to close by end-2024, subject to customary closing conditions.
First-Quarter FY24: The company&#8217;s first-quarter FY24 revenue decreased 7% Y/Y to $215.3 million, slightly missing the consensus of $215.7 million. Adjusted EPS declined 26% Y/Y to<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/b38633349/perficient-reports-first-quarter-2024-results" rel="noreferrer noopener">&nbsp;$0.77,&nbsp;in&nbsp;line with the consensus</a>.
Guidance: In light of the acquisition transaction, Perficient withdrew its previously announced financial guidance for 2024 and has suspended any further updates&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">as a result of&nbsp;the pending transaction</a>.
Price Action: PRFT shares are up 52.8% at $73.50 premarket at the last check Monday.
Image sourced from Shutterstock

Equities

Guidance

Small Cap

EQBBF

Why IT Services Firm Perficient Shares Are Jumping Premarket Monday

Perficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) reported quarterly earnings of $0.77 per share which met the analyst consensus estimate. This is a 25.96 percent decrease over earnings of $1.04 per share from the same period last year. The company reported quarterly sales of $215.300 million which missed the analyst consensus estimate of $215.686 million by 0.18 percent. This is a 6.96 percent decrease over sales of $231.408 million the same period last year.

Perficient Q1 2024 Adj. EPS $0.77, Inline, Sales $215.300M Miss $215.686M Estimate

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.perficient.com&amp;esheet=53973126&amp;newsitemid=20240505881094&amp;lan=en-US&amp;anchor=Perficient%2C+Inc.&amp;index=1&amp;md5=ea677365218888277c94426c9dcaf463">Perficient, Inc.</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) (&quot;Perficient&quot; or &quot;the Company&quot;), a leading global digital consultancy transforming the world&#39;s largest enterprises and biggest brands, today announced that it has entered into a definitive agreement to be acquired by an affiliate of BPEA Private Equity Fund VIII (&quot;EQT Asia&quot;), part of EQT AB, a purpose-driven global investment organization, in an all-cash transaction that values Perficient at an enterprise value of approximately&nbsp;$3.0 billion.&nbsp;Under the terms of the agreement, Perficient stockholders will receive&nbsp;$76.00&nbsp;per share in cash for each share of common stock owned as of the closing of the transaction. The purchase price represents a&nbsp;75%&nbsp;premium to Perficient&#39;s closing stock price on April 29, 2024, the last unaffected trading day prior to the transaction announcement, and a&nbsp;51%&nbsp;premium to the Company&#39;s 30-day volume-weighted average share price for the period ending April 29, 2024.

Perficient To Be Acquired By EQT For $76/Share In Cash

These four companies appear to be a good deal based on future earnings expectations and trading at a low <a href="https://www.benzinga.com/topic/pe-ratio">price/earnings (P/E) ratio</a> compared to historic norms.&nbsp;
When a company is growing earnings&nbsp;and trading at a low valuation, then investors can benefit from a rising share price if the&nbsp;P/E moves back to more normal levels, or earnings continue to increase even if the P/E doesn&#39;t increase. The ideal scenario occurs when the company grows earnings and the P/E rises to more typical levels.&nbsp;
If these four companies deliver the earnings expected (or close to it) for 2025 and the P/E moves back to more typical levels for these stocks, then all of them offer 100% upside or more relative to the current price.
Looking out to 2025 means these investments could last approximately 1.5 to 2.5 years. If the prospects for the company still look good, trades could be held longer. If earnings expectations fall, then the trades may be held for a shorter time, or the price targets revised.
Here is a <a href="https://tradethatswing.com/great-value-stocks-to-buy-now-100-upside-updated-regularly/">list of great value stocks</a> available on the market right now, with the potential for more than 100% upside over the next couple of years.
WNS Holdings Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wns#NYSE">WNS</a>) is trading at a P/E of 16.1 with a forward P/E of 9.9. A P/E of 25 is common for this company. Analysts project earnings of $4.57 for 2025. If the company can generate those earnings and return to a more common P/E of 25, that implies a share price near $114 (25 x $4.57). It currently trades at $45.23.
PayPay Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pypl#NASDAQ">PYPL</a>) has a P/E of 16.9 and a forward P/E of 12. This company has often traded at a P/E north of 25. Analysts project EPS of $5.6 for 2025. If the stock can trade at a P/E of 25 at that time, the target price is $140. The stock closed on May 2 at $66.98.&nbsp;
Centene Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cnc#NYSE">CNC</a>) has a P/E of 14.7 and a forward P/E of 9.8. This stock often reaches a P/E of 20 or higher. Analysts project earnings of $7.57 for 2025. If the stock returns to a more normal P/E of 20 and attains those earnings, that implies a stock price near $150. The stock currently trades at $74.33.
Perficient, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prft#NASDAQ">PRFT</a>) has a P/E of 14.7 and a forward P/E of 9.8. A P/E value of 20 to 25 is common for this company. With earnings of $4.54 expected in 2025, that implies a share price of approximately $90 to $110. The stock is trading at $48.85 currently.
Outlooks can change. The price targets are based on expected earnings, which could change (higher or lower) and thus affect the target. There are no assurances the stock will trade at the more common and higher P/E values in the future, although each stock has regularly traded at a higher P/E than the current values.&nbsp; Make sure any trades taken align with your investment strategy and risk tolerance. This is not investment advice.
Disclaimer: The author has initiated long-term positions in the last month in PYPL, CNC, and PRFT,&nbsp;and will likely take a position in WNS over the next couple of weeks assuming the major market indices don&#39;t slide aggressively lower.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

General

PYPL

4 Stocks That Are Looking Like A Great Value Right Now

JP Morgan analyst Tien-Tsin Huang maintains Perficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) with a Neutral and lowers the price target from $71 to $59.

JP Morgan Maintains Neutral on Perficient, Lowers Price Target to $59

Perficient (PRFT – Research Report) received a Hold rating and price target from Needham analyst Mayank Tandon today. The company's shares opened t...

Needham downgrades Perficient (PRFT) to a Hold

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Perficient (NASDAQ:<a href="https://investorplace.com/stock-quotes/prft-stock-quote/">PRFT</a>) just reported results for the first quarter of 2024.<ul><li>Perficient reported earnings per share of 77 cents. This met the analyst estimate for EPS of 77 cents.</li><li>The company reported revenue of $215.30 million.</li><li>This was 0.18% worse than the analyst estimate for revenue of $215.69 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/05/prft-stock-earnings-perficient-for-q1-of-2024/">PRFT Stock Earnings: Perficient Meets EPS, Misses Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

PRFT Stock Earnings: Perficient Meets EPS, Misses Revenue for Q1 2024

XBP and MNTX among mid-day movers

EQT Strikes A Deal For Post-Covid Tech Hangover

Perficient (PRFT) has provided an update. Perficient, Inc. has announced a merger agreement with Plano HoldCo, Inc. and its fully owned subsidiary,...

Perficient Announces Merger Agreement and Financing Plans

Perficient Q2 2024 Earnings Preview

Perficient misses top-line and bottom-line estimates; suspends FY24 outlook

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Perficient (NASDAQ:<a href="https://investorplace.com/stock-quotes/prft-stock-quote/">PRFT</a>) just reported results for the second quarter of 2024.<ul><li>Perficient reported earnings per share of 92 cents. This was below the analyst estimate for EPS of 93 cents.</li><li>The company reported revenue of $222.82 million.</li><li>This was 0.61% worse than the analyst estimate for revenue of $224.18 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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PRFT Stock Earnings: Perficient Misses EPS, Misses Revenue for Q2 2024

In a report released today, Divya Goyal from Scotiabank reiterated a Hold rating on Perficient (PRFT – Research Report), with a price target of $76...

Perficient (PRFT) Gets a Hold from Scotiabank

abrdn U.S. Small Cap Equity Fund Q2 2024 Commentary

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ATMU

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DOGZ

FIVN

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MNDR

MNTX

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MULN

NNVC

NRXP

NUVO

ONTO

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Legal

Press Releases

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates PRFT, SBOW, ALIM, HCP on Behalf of Shareholders

URGENT SHAREHOLDER UPDATE: The M&A Class Action Firm Investigates Merger and Incoming Vote on July 30, 2024, of Perficient, Inc. - PRFT

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates PRFT, SSB, IBTX on Behalf of Shareholders

Kuehn Law Encourages SOl, DM, ICCH, and PRFT Investors to Contact Law Firm

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SOI, PRFT, ICCH, DM on Behalf of Shareholders

Perficient to Announce Second Quarter 2024 Results on August 8

Perficient Reports Second Quarter 2024 Results

Perficient Launches its Scarlett AI Chatbot to Global Workforce

Perficient Partners with Atlanta Falcons and Extends Partnership with Atlanta United

Perficient to Showcase Salesforce Expertise at Dreamforce 2024

ALIM

IBTX

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Accenture plc Class A Ordinary Shares (Ireland)

Accenture

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CI&T

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Endava plc American Depositary Shares (each representing one Class A Ordinary Share)

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Perficient

Perficient (PRFT) Forecast

Perficient (NASDAQ:PRFT) Stock, Quote.Headers.trade-ideas