US Bancorp DE decreased its position in Perspecta Inc (NASDAQ:PRSP) by 6.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,718 shares of the company’s stock after selling 2,064 shares during the period. US Bancorp DE’s holdings in Perspecta were worth $580,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in PRSP. New York State Common Retirement Fund lifted its stake in Perspecta by 3.4% in the 1st quarter. New York State Common Retirement Fund now owns 145,800 shares of the company’s stock valued at $2,948,000 after buying an additional 4,800 shares in the last quarter. Laurion Capital Management LP increased its holdings in shares of Perspecta by 229.5% during the 1st quarter. Laurion Capital Management LP now owns 54,518 shares of the company’s stock worth $1,102,000 after buying an additional 37,971 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Perspecta by 81.0% during the 1st quarter. JPMorgan Chase & Co. now owns 1,666,248 shares of the company’s stock worth $33,692,000 after buying an additional 745,898 shares during the last quarter. Mason Street Advisors LLC increased its holdings in Perspecta by 0.9% in the 1st quarter. Mason Street Advisors LLC now owns 74,785 shares of the company’s stock valued at $1,512,000 after purchasing an additional 698 shares during the last quarter. Finally, Water Island Capital LLC acquired a new stake in Perspecta in the 1st quarter valued at approximately $3,067,000.
Shares of Perspecta stock traded up $0.15 during trading hours on Wednesday, hitting $23.16. The company’s stock had a trading volume of 19,926 shares, compared to its average volume of 803,155. Perspecta Inc has a 1-year low of $15.74 and a 1-year high of $26.64.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Wednesday, June 5th will be given a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This is an increase from Perspecta’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.04%.
Several research firms have commented on PRSP. Goldman Sachs Group began coverage on shares of Perspecta in a research note on Thursday, May 9th. They issued a “sell” rating and a $21.00 price target for the company. Zacks Investment Research raised shares of Perspecta from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday. Cowen cut shares of Perspecta from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $28.00 to $26.00 in a research report on Monday. Loop Capital lifted their price objective on shares of Perspecta to $22.00 and gave the company a “hold” rating in a research note on Friday, June 7th. Finally, Morgan Stanley started coverage on shares of Perspecta in a research note on Monday, June 3rd. They set an “underweight” rating and a $20.00 price target on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $24.86.
In other news, CEO John M. Curtis bought 9,578 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were acquired at an average cost of $20.76 per share, with a total value of $198,839.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO John Kavanaugh bought 2,398 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was purchased at an average cost of $21.08 per share, for a total transaction of $50,549.84. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 25,675 shares of company stock worth $551,677.
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Perspecta Company Profile
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