Mutual of America Capital Management LLC boosted its stake in shares of Perficient, Inc. (NASDAQ:PRFT) by 93.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 276,843 shares of the information technology services provider’s stock after buying an additional 133,894 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.79% of Perficient worth $5,160,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Texas Permanent School Fund lifted its holdings in Perficient by 0.4% during the 2nd quarter. Texas Permanent School Fund now owns 25,735 shares of the information technology services provider’s stock valued at $480,000 after buying an additional 91 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in Perficient by 1.9% during the 1st quarter. Thrivent Financial For Lutherans now owns 19,910 shares of the information technology services provider’s stock valued at $346,000 after buying an additional 380 shares in the last quarter. Mason Street Advisors LLC lifted its holdings in Perficient by 5.1% during the 1st 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. BNP Paribas Arbitrage SA lifted its holdings in Perficient by 10.8% during the 1st 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. Finally, Anchor Capital Advisors LLC lifted its holdings in Perficient by 1.6% during the 2nd quarter. Anchor Capital Advisors LLC now owns 63,854 shares of the information technology services provider’s stock valued at $1,190,000 after buying an additional 990 shares in the last quarter. Institutional investors own 75.08% of the company’s stock.

Shares of Perficient, Inc. (NASDAQ PRFT) opened at 18.44 on Friday. The company’s 50-day moving average is $17.91 and its 200-day moving average is $17.68. The company has a market cap of $647.56 million, a price-to-earnings ratio of 44.76 and a beta of 0.91. Perficient, Inc. has a one year low of $14.15 and a one year high of $20.25.

Perficient (NASDAQ:PRFT) last announced its earnings results on Thursday, August 3rd. The information technology services provider reported $0.29 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. The company had revenue of $117.00 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%. Perficient’s revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 earnings per share. On average, equities analysts predict that Perficient, Inc. will post $1.23 EPS for the current year.

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A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Perficient from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Wednesday, September 13th. BidaskClub upgraded shares of Perficient from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Finally, Maxim Group set a $20.00 price objective on shares of Perficient and gave the company a “buy” rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Perficient currently has a consensus rating of “Buy” and an average target price of $20.67.

In other Perficient news, Director Ralph C. Derrickson sold 7,900 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $17.64, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.70% of the company’s stock.

Perficient 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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