Perficient Stock (NASDAQ:PRFT), 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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Perficient Inc

<p>Throughout the last three months, 4 analysts have evaluated Perficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>), offering a diverse set of opinions from bullish to bearish.</p>
<p>Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets, analyzed by analysts, offer insights with an average target of $69.5, a high estimate of $77.00, and a low estimate of $65.00. This upward trend is evident, with the current average reflecting a 0.72% increase from the previous average price target of $69.00.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713891627_0.png" alt="price target chart" /></p>
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
<p>The perception of Perficient by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jonathan Lee</td>
<td>Guggenheim</td>
<td>Announces</td>
<td>Neutral</td>
<td>$65.00</td>
<td>-</td>
</tr>
<tr>
<td>Divya Goyal</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$65.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Vincent Colicchio</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$77.00</td>
<td>-</td>
</tr>
<tr>
<td>Puneet Jain</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$71.00</td>
<td>$68.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Perficient. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Perficient compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts provide insights into price targets, offering estimates for the future value of Perficient's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>For valuable insights into Perficient's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/PRFT/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Perficient analyst ratings.</strong></a></p>
<p>If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.</p>
<h2>Get to Know Perficient Better</h2>
<p>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.</p>
<h3>Unraveling the Financial Story of Perficient</h3>
<p><strong>Market Capitalization Analysis:</strong> The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.</p>
<p><strong>Decline in Revenue:</strong> Over the 3 months period, Perficient faced challenges, resulting in a decline of approximately <strong>-5.08%</strong> in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.</p>
<p><strong>Net Margin:</strong> Perficient's net margin is impressive, surpassing industry averages. With a net margin of <strong>10.5%,</strong> the company demonstrates strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Perficient's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of <strong>4.49%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of <strong>2.21%,</strong> the company showcases effective utilization of assets.</p>
<p><strong>Debt Management:</strong> Perficient's debt-to-equity ratio is below the industry average. With a ratio of <b>0.79</b>, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.</p>
<h2>The Basics of Analyst Ratings</h2>
<p>Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.</p>
<p>In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Ratings

Unveiling 4 Analyst Insights On Perficient

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


Upgrades

Alliance Global Partners Upgrades Perficient to Buy

<p>Analysts' ratings for Perficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) over the last quarter vary from bullish to bearish, as provided by 4 analysts.</p>
<p>In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>In the assessment of 12-month price targets, analysts unveil insights for Perficient, presenting an average target of $69.5, a high estimate of $77.00, and a low estimate of $65.00. Surpassing the previous average price target of $69.00, the current average has increased by 0.72%.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1710849646_0.png" alt="price target chart" /></p>
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
<p>The standing of Perficient among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jonathan Lee</td>
<td>Guggenheim</td>
<td>Announces</td>
<td>Neutral</td>
<td>$65.00</td>
<td>-</td>
</tr>
<tr>
<td>Divya Goyal</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$65.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Vincent Colicchio</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$77.00</td>
<td>-</td>
</tr>
<tr>
<td>Puneet Jain</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$71.00</td>
<td>$68.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Perficient. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Perficient compared to the broader market.</li>
<li><strong>Price Targets:</strong> Gaining insights, analysts provide estimates for the future value of Perficient's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Capture valuable insights into Perficient's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/PRFT/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Perficient analyst ratings.</strong></a></p>
<h2>About Perficient</h2>
<p>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.</p>
<h3>Financial Insights: Perficient</h3>
<p><strong>Market Capitalization Perspectives:</strong> The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.</p>
<p><strong>Revenue Growth:</strong> Perficient's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately <strong>-5.08%</strong>. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.</p>
<p><strong>Net Margin:</strong> Perficient's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>10.5%</strong> net margin, the company effectively manages costs and achieves strong profitability.</p>
<p><strong>Return on Equity (ROE):</strong> Perficient's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of <strong>4.49%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Return on Assets (ROA):</strong> Perficient's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>2.21%</strong> ROA, the company effectively utilizes its assets for optimal returns.</p>
<p><strong>Debt Management:</strong> The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at <strong>0.79</strong>.</p>
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
<p>Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.</p>
<p>In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Where Perficient Stands With Analysts

<p>Guggenheim  analyst Jonathan Lee   initiates coverage on Perficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) with a Neutral rating and announces Price Target of $65.</p>


Price Target

Initiation

Guggenheim Initiates Coverage On Perficient with Neutral Rating, Announces Price Target of $65

<p>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 lowers the price target from $70 to $65.</p>


Scotiabank Maintains Sector Perform on Perficient, Lowers Price Target to $65

<p>Barrington Research  analyst Vincent Colicchio   reiterates Perficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) with a Outperform and maintains $77 price target.</p>


Reiteration

Barrington Research Reiterates Outperform on Perficient, Maintains $77 Price Target

<p>JP Morgan  analyst Puneet Jain   maintains Perficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) with a Neutral and raises the price target from $68 to $71.</p>


JP Morgan Maintains Neutral on Perficient, Raises Price Target to $71

<h3>Gainers</h3>
<ul>
<li><strong>Infobird Co</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IFBD#NASDAQ">IFBD</a>) shares moved upwards by 131.2% to $6.38 during Tuesday's pre-market session. The market value of their outstanding shares is at $68.3 million. </li>
<li><strong>Gryphon Digital Mining</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRYP#NASDAQ">GRYP</a>) shares increased by 18.65% to $2.99. The company's market cap stands at $115.8 million. </li>
<li><strong>Mawson Infra Gr</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIGI#NASDAQ">MIGI</a>) stock rose 12.5% to $2.16. The market value of their outstanding shares is at $35.9 million. </li>
<li><strong>Core Scientific</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>) shares increased by 10.76% to $3.7. The company's market cap stands at $684.4 million. </li>
<li><strong>ReAlpha Tech Corp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRE#NASDAQ">AIRE</a>) shares moved upwards by 10.71% to $2.17. The company's market cap stands at $95.7 million. </li>
<li><strong>Quantum</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>) shares rose 10.55% to $0.56. The company's market cap stands at $53.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Thoughtworks Holding</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWKS#NASDAQ">TWKS</a>) shares decreased by 27.1% to $3.36 during Tuesday's pre-market session. The company's market cap stands at $1.0 billion. As per the press release, Q4 earnings came out today. </li>
<li><strong>Unity Software</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) shares fell 15.26% to $28.0. The company's market cap stands at $10.6 billion. As per the press release, Q4 earnings came out yesterday. </li>
<li><strong>Ostin Technology Group</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OST#NASDAQ">OST</a>) shares fell 12.57% to $0.53. The company's market cap stands at $7.3 million. </li>
<li><strong>Soluna Holdings</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNH#NASDAQ">SLNH</a>) stock decreased by 10.31% to $2.96. The market value of their outstanding shares is at $7.8 million. </li>
<li><strong>Perficient</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) stock decreased by 9.03% to $62.01. The market value of their outstanding shares is at $2.1 billion. The company's, Q4 earnings came out today. </li>
<li><strong>Alpine 4 Holdings</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALPP#NASDAQ">ALPP</a>) shares declined by 8.41% to $1.09. The company's market cap stands at $29.4 million.<br />
<strong>See Also:</strong> <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>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


ALPP

Core Scientific, Inc. - Class A Common Stock

CORZ

GRYP

IFBD

MAWSON INFRSTRUCTURE GRP by Mawson Infrastructure Group Inc.

MIGI

QMCO

SLNH

TWKS

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

WIIM

Perficient shares are trading lower after the company reported financial Q4 results and issued Q1 guidance below estimates.

<p><strong>Business&nbsp;Outlook</strong></p>
<p>The following statements are based on current expectations. These statements are forward-looking and actual results may differ materially. See &quot;Safe Harbor Statement&quot; below.</p>
<p>Perficient expects its&nbsp;first quarter&nbsp;2024 revenue to be in the range of&nbsp;$212 million&nbsp;to&nbsp;$218 million.&nbsp;First quarter&nbsp;GAAP earnings per share is expected to be in the range of&nbsp;$0.31&nbsp;to&nbsp;$0.35.&nbsp;First quarter&nbsp;adjusted earnings per share (a non-GAAP measure; see attached schedule which reconciles to GAAP earnings per share&nbsp;guidance) is expected to be in the range of&nbsp;$0.74&nbsp;to&nbsp;$0.79.</p>
<p>Perficient is providing its full year 2024 revenue&nbsp;guidance&nbsp;in the range of&nbsp;$925 million&nbsp;to&nbsp;$965 million, 2024 GAAP earnings per share&nbsp;guidance&nbsp;in the range of&nbsp;$2.64&nbsp;to&nbsp;$2.77&nbsp;and 2024 adjusted earnings per share (a non-GAAP measure; see attached schedule which reconciles to GAAP earnings per share&nbsp;guidance)&nbsp;guidance&nbsp;in the range of&nbsp;$4.05&nbsp;to&nbsp;$4.20.</p>


Guidance

Perficient, Inc Expects Q1 Revenue of $212M-$218M Vs $227.76M Est, Adj EPS of $0.74-$0.79 Vs $1.01 Est, FY24 Revenue of $925M-$965M Vs $940.3M Est, Adj EPS of $4.05-$4.20 Vs $4.28 Est

<p>Perficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) reported quarterly earnings of $0.99 per share which missed the analyst consensus estimate of $1.01 by 1.98 percent. This is a 13.16 percent decrease over earnings of $1.14 per share from the same period last year.  The company reported quarterly sales of $220.79 million which missed the analyst consensus estimate of $223.71 million by 1.31 percent.  This is a 5.08 percent decrease over sales of $232.60 million the same period last year.</p>


Earnings

Perficient Q4 Adj EPS $0.99 Misses $1.01 Estimate, Sales $220.79M Miss $223.71M Estimate