New York State Teachers Retirement System lowered its stake in shares of Perficient Inc. (NASDAQ:PRFT) by 2.5% during the second quarter, Holdings Channel reports. The institutional investor owned 132,319 shares of the company’s stock after selling 3,400 shares during the period. New York State Teachers Retirement System’s holdings in Perficient were worth $2,687,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in PRFT. Capstone Asset Management Co. boosted its stake in shares of Perficient by 2.2% in the second quarter. Capstone Asset Management Co. now owns 10,430 shares of the company’s stock valued at $212,000 after buying an additional 220 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Perficient by 115.3% in the second quarter. BNP Paribas Arbitrage SA now owns 11,238 shares of the company’s stock valued at $228,000 after buying an additional 6,018 shares in the last quarter. Zebra Capital Management LLC bought a new stake in shares of Perficient during the first quarter valued at $253,000. 1st Global Advisors Inc. boosted its stake in shares of Perficient by 0.5% in the second quarter. 1st Global Advisors Inc. now owns 15,727 shares of the company’s stock valued at $319,000 after buying an additional 83 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its stake in shares of Perficient by 0.4% in the first quarter. Glenmede Trust Co. NA now owns 18,644 shares of the company’s stock valued at $404,000 after buying an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 78.61% of the company’s stock.
Shares of Perficient Inc. (NASDAQ:PRFT) traded down 1.15% during trading on Thursday, hitting $18.96. The stock had a trading volume of 116,276 shares. The company has a market cap of $684.51 million, a P/E ratio of 25.35 and a beta of 1.24. Perficient Inc. has a 12 month low of $15.46 and a 12 month high of $22.66. The stock has a 50-day moving average price of $19.89 and a 200 day moving average price of $20.61.
Perficient (NASDAQ:PRFT) last released its earnings results on Thursday, August 4th. The company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.02. The company had revenue of $124.40 million for the quarter, compared to the consensus estimate of $124.88 million. Perficient had a net margin of 5.20% and a return on equity of 9.65%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS. Equities analysts expect that Perficient Inc. will post $1.29 EPS for the current fiscal year.
Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Perficient from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th. Sidoti assumed coverage on shares of Perficient in a research report on Friday, June 24th. They issued a “buy” rating and a $27.00 price objective on the stock.
Perficient, Inc is an information technology and management consulting firm. The Company designs, builds and delivers business-driven technology solutions using third-party software products. Its solutions include big data and analytics, technology platform implementations, commerce, enterprise content management, portals and collaboration, management consulting, custom applications, business integration, content management (CM), business process management (BPM), and customer relationship management (CRM), among others.
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