Why Perficient Stock Raced 52% Higher Today
News of a premium-priced buyout strapped a rocket to the share price of IT consultancy (NASDAQ: PRFT) on Monday. After the big all-cash deal was disclosed on Sunday, Perficient stock quickly zoomed higher the following day and closed that trading session more than 52% higher.
Perficient is being acquired by a unit of Sweden-based investment firm EQT. The buyer is to pay $76 per share of Perficient common stock, again entirely in cash. That makes for a 75% premium over Perficient's closing stock price on April 29. The enterprise value of the transaction is roughly $3 billion.
Once the deal closes, the company will be delisted from the and become a private business. Its current management team, including CEO Tom Hogan, will remain at the helm.
Source Fool.com
Perficient Inc. Stock
We see a rather positive sentiment for Perficient Inc. with 7 Buy predictions and 1 Sell predictions.
With a current price of 68.5 € Perficient Inc. is right around the predicted target price of 69 €.
