Credit Suisse AG lowered its position in shares of Perficient, Inc. (NASDAQ:PRFT) by 41.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 35,871 shares of the information technology services provider’s stock after selling 25,478 shares during the period. Credit Suisse AG owned 0.10% of Perficient worth $622,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of PRFT. Thrivent Financial For Lutherans raised its position in shares of Perficient by 1.9% in the first quarter. Thrivent Financial For Lutherans now owns 19,910 shares of the information technology services provider’s stock worth $346,000 after buying an additional 380 shares during the last quarter. Mason Street Advisors LLC raised its position in shares of 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 worth $144,000 after buying an additional 403 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of 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 worth $113,000 after buying an additional 637 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of 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 worth $119,000 after buying an additional 1,629 shares during the last quarter. Finally, Foresters Investment Management Company Inc. raised its position in shares of Perficient by 0.9% in the first quarter. Foresters Investment Management Company Inc. now owns 214,000 shares of the information technology services provider’s stock worth $3,715,000 after buying an additional 2,000 shares during the last quarter. 75.08% of the stock is currently owned by institutional investors and hedge funds.

Perficient, Inc. (PRFT) traded down 0.22% on Tuesday, reaching $17.74. The company had a trading volume of 15,001 shares. The firm has a market capitalization of $622.98 million, a P/E ratio of 43.06 and a beta of 0.86. The company’s 50-day moving average price is $18.07 and its 200 day moving average price is $17.67. Perficient, Inc. has a 1-year low of $14.15 and a 1-year high of $20.79.

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

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A number of research analysts have recently weighed in on PRFT shares. Zacks Investment Research upgraded Perficient from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Thursday, May 11th. BidaskClub lowered Perficient from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, Maxim Group set a $20.00 price objective on Perficient and gave the company a “buy” rating in a research report on Thursday, May 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Perficient presently has a consensus rating of “Buy” and a consensus price target of $20.33.

In other news, Director Ralph C. Derrickson sold 7,900 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $17.64, for a total value of $139,356.00. Following the completion of the transaction, the director now owns 32,747 shares of the company’s stock, valued at $577,657.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.70% of the company’s stock.

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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Institutional Ownership by Quarter for Perficient (NASDAQ:PRFT)

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