Metropolitan Life Insurance Co. NY decreased its stake in shares of Perficient, Inc. (NASDAQ:PRFT) by 6.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,278 shares of the information technology services provider’s stock after selling 1,634 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Perficient were worth $421,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in PRFT. BNP Paribas Arbitrage SA raised its stake 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. raised its stake 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. Acrospire Investment Management LLC raised its stake 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. Mason Street Advisors LLC raised its stake 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. Finally, Airain ltd purchased a new stake in Perficient during the first quarter valued at about $177,000. Institutional investors own 77.38% of the company’s stock.

Perficient, Inc. (NASDAQ:PRFT) traded up 1.03% during midday trading on Wednesday, hitting $17.66. The company had a trading volume of 9,351 shares. The company’s 50 day moving average is $18.25 and its 200-day moving average is $17.67. Perficient, Inc. has a one year low of $14.15 and a one year high of $20.79. The company has a market cap of $620.17 million, a P/E ratio of 42.86 and a beta of 0.86.

Perficient (NASDAQ:PRFT) last announced its quarterly earnings data 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. Perficient had a return on equity of 7.42% and a net margin of 3.08%. The company had revenue of $117 million for the quarter, compared to analyst estimates of $119.21 million. During the same quarter last year, the firm earned $0.28 EPS. Perficient’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, equities analysts predict that Perficient, Inc. will post $1.23 EPS for the current year.

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Several research firms recently issued reports on PRFT. Maxim Group set a $20.00 price target on Perficient and gave the company a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised Perficient from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Finally, BidaskClub lowered Perficient from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $20.33.

In other news, Director Ralph C. Derrickson sold 7,900 shares of Perficient stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $17.64, for a total transaction of $139,356.00. Following the sale, the director now owns 32,747 shares of the company’s stock, valued at approximately $577,657.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is currently owned by company insiders.

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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