Perficient, Inc. (NASDAQ:PRFT) Position Trimmed by Amalgamated Bank

Amalgamated Bank trimmed its holdings in shares of Perficient, Inc. (NASDAQ:PRFT) by 3.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,339 shares of the digital transformation consultancy’s stock after selling 375 shares during the period. Amalgamated Bank’s holdings in Perficient were worth $780,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in Perficient by 156.7% in the 2nd quarter. GAMMA Investing LLC now owns 552 shares of the digital transformation consultancy’s stock worth $41,000 after buying an additional 337 shares in the last quarter. CWM LLC lifted its holdings in shares of Perficient by 67.7% during the 2nd quarter. CWM LLC now owns 577 shares of the digital transformation consultancy’s stock worth $43,000 after acquiring an additional 233 shares during the period. Longfellow Investment Management Co. LLC bought a new position in Perficient during the 2nd quarter valued at about $74,000. SG Americas Securities LLC bought a new position in shares of Perficient in the first quarter worth about $117,000. Finally, Hantz Financial Services Inc. bought a new position in shares of Perficient in the second quarter worth about $138,000. 95.00% of the stock is currently owned by institutional investors.

Perficient Price Performance

Shares of NASDAQ PRFT opened at $75.96 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 4.16 and a current ratio of 4.16. Perficient, Inc. has a 52-week low of $42.51 and a 52-week high of $76.01. The firm has a 50 day moving average price of $75.81 and a 200 day moving average price of $74.28. The stock has a market cap of $2.67 billion, a P/E ratio of 32.46, a P/E/G ratio of 2.24 and a beta of 1.63.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Perficient in a research report on Friday. They set a “sell” rating for the company. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $70.00.

Perficient Company Profile

Perficient, Inc provides digital consultancy services and solutions in the United States and internationally. It offers strategy and transformation solutions in digital strategy, technology strategy, business velocity and growth, and organizational change management; and data and intelligence solutions in the areas of analytics, artificial intelligence and machine learning, big data, business intelligence, and custom product portfolios.