Swiss National Bank boosted its holdings in shares of Perspecta Inc (NASDAQ:PRSP) by 1.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 273,800 shares of the company’s stock after acquiring an additional 4,000 shares during the quarter. Swiss National Bank owned 0.17% of Perspecta worth $6,410,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in PRSP. Quantamental Technologies LLC lifted its holdings in shares of Perspecta by 168.3% during the 1st quarter. Quantamental Technologies LLC now owns 1,610 shares of the company’s stock valued at $33,000 after buying an additional 1,010 shares during the last quarter. Alpha Windward LLC lifted its holdings in shares of Perspecta by 39.5% during the 2nd quarter. Alpha Windward LLC now owns 6,165 shares of the company’s stock valued at $147,000 after buying an additional 1,747 shares during the last quarter. Raymond James Trust N.A. acquired a new stake in shares of Perspecta during the 2nd quarter valued at about $205,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Perspecta during the 1st quarter valued at about $220,000. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Perspecta by 9.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 13,159 shares of the company’s stock valued at $266,000 after buying an additional 1,159 shares during the last quarter.
Several equities research analysts have recently issued reports on PRSP shares. Zacks Investment Research upgraded Perspecta from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Tuesday, August 20th. Cowen downgraded Perspecta from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $28.00 to $26.00 in a research note on Monday, June 10th. Loop Capital raised their price objective on Perspecta to $22.00 and gave the company a “hold” rating in a research note on Friday, June 7th. Goldman Sachs Group started coverage on Perspecta in a research note on Thursday, May 9th. They issued a “sell” rating and a $21.00 price objective on the stock. Finally, Morgan Stanley set a $21.00 price objective on Perspecta and gave the company a “sell” rating in a research note on Monday, June 17th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $25.33.
Perspecta (NASDAQ:PRSP) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.08 billion. The business’s revenue for the quarter was up 47.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, September 4th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, September 3rd.
In other news, Director Philip O. Nolan acquired 4,257 shares of the stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of $23.37 per share, for a total transaction of $99,486.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Philip O. Nolan acquired 4,705 shares of the stock in a transaction dated Tuesday, June 4th. The shares were purchased at an average price of $21.49 per share, for a total transaction of $101,110.45. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 13,328 shares of company stock worth $300,927.
Perspecta Company Profile
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