FNY Investment Advisers LLC Cuts Stake in Perspecta Inc (PRSP)

FNY Investment Advisers LLC decreased its holdings in Perspecta Inc (NASDAQ:PRSP) by 92.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,210 shares of the company’s stock after selling 356,313 shares during the period. FNY Investment Advisers LLC’s holdings in Perspecta were worth $725,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Global X Management Co LLC purchased a new stake in shares of Perspecta in the 2nd quarter valued at $105,000. Advisors Asset Management Inc. bought a new stake in Perspecta during the 2nd quarter valued at $107,000. Westpac Banking Corp bought a new stake in Perspecta during the 2nd quarter valued at $147,000. New England Asset Management Inc. bought a new stake in Perspecta during the 2nd quarter valued at $176,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Perspecta during the 2nd quarter valued at $181,000.

NASDAQ:PRSP traded down $0.31 during midday trading on Monday, reaching $23.61. 22,879 shares of the stock traded hands, compared to its average volume of 2,386,591. Perspecta Inc has a 12 month low of $19.84 and a 12 month high of $27.68.



Perspecta (NASDAQ:PRSP) last posted its quarterly earnings results on Tuesday, August 14th. The company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.09. The firm had revenue of $793.00 million for the quarter, compared to the consensus estimate of $1.05 billion.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 16th. Shareholders of record on Wednesday, September 5th were issued a $0.05 dividend. The ex-dividend date was Tuesday, September 4th. This represents a $0.20 annualized dividend and a yield of 0.85%.

A number of equities research analysts recently commented on the stock. Stifel Nicolaus assumed coverage on shares of Perspecta in a report on Tuesday, October 16th. They set a “buy” rating and a $35.00 price target for the company. Wells Fargo & Co upgraded shares of Perspecta from a “market perform” rating to an “outperform” rating in a report on Friday, September 14th. Loop Capital assumed coverage on shares of Perspecta in a report on Thursday, August 9th. They set a “hold” rating and a $23.00 price target for the company. Zacks Investment Research upgraded shares of Perspecta from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Wednesday, August 22nd. Finally, Cowen reiterated a “buy” rating and set a $32.00 price target on shares of Perspecta in a report on Thursday, August 2nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $28.00.

Perspecta Company Profile

There is no company description available for Perspecta Inc

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Institutional Ownership by Quarter for Perspecta (NASDAQ:PRSP)

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