Amalgamated Bank Sells 375 Shares of Perficient, Inc. (NASDAQ:PRFT)

Amalgamated Bank lowered its stake in Perficient, Inc. (NASDAQ:PRFT) by 3.5% during the third quarter, according to the company in 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 quarter. Amalgamated Bank’s holdings in Perficient were worth $780,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its position in Perficient by 9.4% during the second quarter. Nisa Investment Advisors LLC now owns 1,913 shares of the digital transformation consultancy’s stock worth $143,000 after acquiring an additional 165 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in shares of Perficient by 0.6% in the second quarter. Texas Permanent School Fund Corp now owns 30,613 shares of the digital transformation consultancy’s stock valued at $2,290,000 after acquiring an additional 181 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Perficient by 2.4% in the second quarter. Arizona State Retirement System now owns 9,786 shares of the digital transformation consultancy’s stock valued at $732,000 after acquiring an additional 230 shares in the last quarter. CWM LLC grew its stake in shares of Perficient by 67.7% in the second quarter. CWM LLC now owns 577 shares of the digital transformation consultancy’s stock valued at $43,000 after acquiring an additional 233 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of Perficient by 4.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 7,433 shares of the digital transformation consultancy’s stock valued at $418,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 95.00% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Perficient in a research note on Friday. They set a “sell” rating on the stock. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $70.00.

Perficient Stock Performance

Shares of Perficient stock opened at $75.96 on Friday. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 32.46, a PEG ratio of 2.24 and a beta of 1.63. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 0.70. Perficient, Inc. has a 12-month low of $42.51 and a 12-month high of $76.01. The firm’s 50-day moving average price is $75.81 and its two-hundred day moving average price is $74.28.

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.