Perficient Inc. (NASDAQ:PRFT)’s share price traded down 2.2% during trading on Friday . The company traded as low as $21.34 and last traded at $21.35, with a volume of 59,880 shares changing hands. The stock had previously closed at $21.82.

A number of research firms have recently issued reports on PRFT. Zacks Investment Research lowered Perficient from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th. Needham & Company LLC restated a “buy” rating and issued a $25.00 price target (up from $24.00) on shares of Perficient in a research report on Saturday, May 7th. Finally, Sidoti began coverage on Perficient in a research report on Friday, June 24th. They issued a “buy” rating and a $27.00 price target for the company.

The stock’s 50 day moving average price is $20.88 and its 200-day moving average price is $19.69. The company has a market capitalization of $770.46 million and a price-to-earnings ratio of 30.10.

Perficient (NASDAQ:PRFT) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.01. The company had revenue of $123.80 million for the quarter, compared to analyst estimates of $122.79 million. During the same quarter in the previous year, the business posted $0.26 earnings per share. Perficient’s revenue was up 11.9% on a year-over-year basis. Equities research analysts predict that Perficient Inc. will post $1.32 EPS for the current fiscal year.

Several large investors recently bought and sold shares of the stock. Russell Frank Co increased its stake in Perficient by 3.1% in the fourth quarter. Russell Frank Co now owns 427,862 shares of the company’s stock worth $7,513,000 after buying an additional 12,937 shares during the last quarter. First Trust Advisors LP increased its stake in Perficient by 29.4% in the fourth quarter. First Trust Advisors LP now owns 111,094 shares of the company’s stock worth $1,902,000 after buying an additional 25,255 shares during the last quarter. Morgan Stanley increased its stake in Perficient by 10.2% in the fourth quarter. Morgan Stanley now owns 128,079 shares of the company’s stock worth $2,192,000 after buying an additional 11,877 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Perficient by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,581,956 shares of the company’s stock worth $27,084,000 after buying an additional 72,331 shares during the last quarter. Finally, Sei Investments Co. bought a new stake in Perficient during the fourth quarter worth about $1,965,000.

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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