Perficient, Inc. (NASDAQ:PRFT) Director Ralph C. Derrickson sold 7,900 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $17.64, for a total value of $139,356.00. Following the sale, the director now owns 32,747 shares in the company, valued at $577,657.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Perficient, Inc. (NASDAQ PRFT) traded down 1.31% during midday trading on Thursday, hitting $17.39. The company had a trading volume of 127,668 shares. The company’s 50 day moving average is $18.33 and its 200 day moving average is $17.69. The firm has a market cap of $610.68 million, a price-to-earnings ratio of 42.21 and a beta of 0.86. Perficient, Inc. has a one year low of $14.15 and a one year high of $21.19.

Perficient (NASDAQ:PRFT) last released its quarterly earnings results on Thursday, August 3rd. The information technology services provider reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. Perficient had a return on equity of 7.42% and a net margin of 3.08%. The company had revenue of $117 million during the quarter, compared to the consensus estimate of $119.21 million. During the same quarter in the prior year, the company posted $0.28 EPS. The firm’s revenue was down 5.9% on a year-over-year basis. Equities analysts forecast that Perficient, Inc. will post $1.23 earnings per share for the current fiscal year.

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Institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its position in Perficient by 10.8% in the first quarter. BNP Paribas Arbitrage SA now owns 6,521 shares of the information technology services provider’s stock valued at $113,000 after buying an additional 637 shares in the last quarter. Victory Capital Management Inc. boosted its position in Perficient by 31.1% in the first quarter. Victory Capital Management Inc. now owns 6,860 shares of the information technology services provider’s stock valued at $119,000 after buying an additional 1,629 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Perficient by 77.5% in the second quarter. State of Alaska Department of Revenue now owns 6,942 shares of the information technology services provider’s stock valued at $129,000 after buying an additional 3,032 shares in the last quarter. Acrospire Investment Management LLC boosted its position in Perficient by 525.7% in the first quarter. Acrospire Investment Management LLC now owns 7,771 shares of the information technology services provider’s stock valued at $135,000 after buying an additional 6,529 shares in the last quarter. Finally, Mason Street Advisors LLC boosted its position in Perficient by 5.1% in the first quarter. Mason Street Advisors LLC now owns 8,282 shares of the information technology services provider’s stock valued at $144,000 after buying an additional 403 shares in the last quarter. 76.38% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently commented on the company. Zacks Investment Research downgraded Perficient from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Maxim Group set a $20.00 target price on Perficient and gave the company a “buy” rating in a report on Saturday, June 24th. Finally, BidaskClub downgraded Perficient from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $20.33.

Perficient Company Profile

Perficient, Inc is an information technology and management consulting firm. The Company’s solutions include business intelligence and analytics, commerce, content management, custom applications, platform implementations, portals and collaboration, business integration and application program interfaces, management consulting, business process management, and customer relationship management, among others.

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