Perficient (PRFT) Releases Earnings Results, Beats Expectations By $0.01 EPS

Perficient (PRFT) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.29 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.28. The company posted revenue of $123.80 million in the period, compared to analysts expectations of $122.90 million. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Many Wall Street Analysts have commented on Perficient. Company shares were Reiterated by Needham on Mar 4, 2016 to “Buy”, Firm has raised the Price Target to $ 24 from a previous price target of $21 .Company shares were Reiterated by Maxim Group on Mar 3, 2016 to “Buy”, Firm has raised the Price Target to $ 25 from a previous price target of $23 .

Perficient closed down -0.57 points or -2.73% at $20.31 with 1,03,685 shares getting traded on Wednesday. Post opening the session at $20.71, the shares hit an intraday low of $19.37 and an intraday high of $20.75 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Apr 10, 2015, Jeffrey S Davis (President and CEO) sold 11,467 shares at $21.16 per share price. According to the SEC, on Mar 18, 2015, Ralph C Derrickson (director) sold 5,000 shares at $20.16 per share price. On Jan 22, 2015, Paul E Martin (Chief Financial Officer) sold 10,000 shares at $19.62 per share price, according to the Form-4 filing with the securities and exchange commission.

Perficient Inc. is an information technology consulting firm. The Company designs builds and delivers technology solutions using third-party software products. Its solutions include business integration custom applications portals and collaboration enterprise content management enterprise performance management business intelligence technology platform implementations and commerce among others. It provides services to the healthcare and financial services industries including banking and insurance retail manufacturing energy and utilities automotive and transport products consumer goods and services business services industries and markets among others. Its technology solutions include Business analytics Portals and collaboration Platform implementations Custom applications Customer relationship management (CRM) Business integration and service oriented architectures (SOA) Content management (CM) and Business process management (BPM).


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