Kirr Marbach & Co. LLC IN continued to hold its position in Perficient, Inc. (NASDAQ:PRFT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,200 shares of the information technology services provider’s stock at the end of the second quarter. Kirr Marbach & Co. LLC IN’s holdings in Perficient were worth $302,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PRFT. State of Alaska Department of Revenue boosted its position in Perficient by 77.5% in the second quarter. State of Alaska Department of Revenue now owns 6,942 shares of the information technology services provider’s stock valued at $129,000 after buying an additional 3,032 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Perficient by 9.7% in the first quarter. Goldman Sachs Group Inc. now owns 100,872 shares of the information technology services provider’s stock valued at $1,752,000 after buying an additional 8,934 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in shares of Perficient during the first quarter valued at $429,000. Highbridge Capital Management LLC bought a new position in shares of Perficient during the first quarter valued at $253,000. Finally, State Street Corp raised its position in shares of Perficient by 2.6% in the first quarter. State Street Corp now owns 912,014 shares of the information technology services provider’s stock valued at $15,834,000 after buying an additional 23,382 shares during the last quarter. 77.16% of the stock is owned by hedge funds and other institutional investors.

Shares of Perficient, Inc. (NASDAQ PRFT) traded down 0.32% on Thursday, reaching $18.53. 13,020 shares of the company’s stock traded hands. The company has a 50 day moving average price of $17.95 and a 200 day moving average price of $17.62. The firm has a market capitalization of $653.13 million, a price-to-earnings ratio of 36.99 and a beta of 0.87. Perficient, Inc. has a 52 week low of $14.15 and a 52 week high of $22.66.

Perficient (NASDAQ:PRFT) last released its quarterly earnings results on Thursday, May 4th. The information technology services provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. Perficient had a net margin of 3.75% and a return on equity of 7.33%. The company had revenue of $111.02 million for the quarter, compared to the consensus estimate of $114.23 million. During the same period in the previous year, the firm earned $0.29 EPS. Perficient’s revenue was down 10.4% on a year-over-year basis. On average, equities research analysts predict that Perficient, Inc. will post $1.21 earnings per share for the current fiscal year.

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PRFT has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Perficient from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Thursday, May 11th. Maxim Group set a $20.00 target price on shares of Perficient and gave the stock a “buy” rating in a research report on Thursday, May 4th. Needham & Company LLC restated a “buy” rating and set a $21.00 target price on shares of Perficient in a research report on Sunday, April 2nd. Finally, BidaskClub lowered shares of 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 issued a buy rating to the stock. Perficient currently has an average rating of “Hold” and a consensus price target of $20.33.

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.

Institutional Ownership by Quarter for Perficient (NASDAQ:PRFT)

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