After Alliance Global Partners and Needham gave Perficient (NASDAQ: PRFT) a Buy rating last month, the company received another Buy, this time from Barrington. Analyst Vincent Colicchio maintained a Buy rating on Perficient today and set a price target of $52.00. The company’s shares closed last Monday at $44.15.
According to TipRanks.com, Colicchio is a 4-star analyst with an average return of 3.8% and a 58.6% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises, HealthStream, and Virtusa.
Currently, the analyst consensus on Perficient is a Strong Buy with an average price target of $54.00, representing a 9.5% upside. In a report issued on February 20, Maxim Group also maintained a Buy rating on the stock with a $61.00 price target.
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The company has a one-year high of $53.76 and a one-year low of $26.97. Currently, Perficient has an average volume of 341K.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PRFT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Perficient, Inc. engages in the provision of business optimization and industry solutions. Its solutions include analytics, custom applications, management consulting, commerce, content management, business integration, customer relationship management, portals & collaboration, platform implementations, business process management, enterprise data and business intelligence, enterprise performance management, enterprise mobile, cloud services and digital marketing. The company was founded in 1998 and is headquartered in St. Louis, MO.
