Goldman Sachs Group Inc. increased its position in shares of Perficient, Inc. (NASDAQ:PRFT) by 9.7% during the first quarter, Holdings Channel reports. The fund owned 100,872 shares of the information technology services provider’s stock after buying an additional 8,934 shares during the period. Goldman Sachs Group Inc.’s holdings in Perficient were worth $1,752,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Virginia Retirement Systems ET AL bought a new position in shares of Perficient during the first quarter valued at about $181,000. Ameriprise Financial Inc. increased its position in shares of Perficient by 3.0% in the first quarter. Ameriprise Financial Inc. now owns 184,954 shares of the information technology services provider’s stock valued at $3,211,000 after buying an additional 5,300 shares in the last quarter. Acrospire Investment Management LLC increased its position in shares of 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. BNP Paribas Arbitrage SA increased its position in shares of 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. Finally, Bank of New York Mellon Corp increased its position in shares of Perficient by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 480,131 shares of the information technology services provider’s stock valued at $8,335,000 after buying an additional 18,893 shares in the last quarter. Institutional investors own 76.56% of the company’s stock.

Perficient, Inc. (PRFT) traded up 1.41% during mid-day trading on Friday, reaching $17.25. 136,375 shares of the company’s stock traded hands. The company has a 50-day moving average of $18.31 and a 200-day moving average of $17.69. The company has a market capitalization of $608.01 million, a price-to-earnings ratio of 34.43 and a beta of 0.86. Perficient, Inc. has a 52-week low of $14.15 and a 52-week high of $22.27.

Perficient (NASDAQ:PRFT) last issued its quarterly earnings results on Thursday, August 3rd. The information technology services provider reported $0.29 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. The business had revenue of $117 million during the quarter, compared to the consensus estimate of $119.21 million. Perficient had a net margin of 3.08% and a return on equity of 7.42%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 EPS. Equities research analysts expect that Perficient, Inc. will post $1.22 EPS for the current year.

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Several research analysts recently issued reports on the company. Zacks Investment Research downgraded Perficient from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Maxim Group set a $20.00 price objective on Perficient and gave the stock a “buy” rating in a research report on Saturday, June 24th. Finally, BidaskClub downgraded 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 assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price 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.

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Institutional Ownership by Quarter for Perficient (NASDAQ:PRFT)

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