Susquehanna International Group LLP Invests $1.54 Million in Perspecta Inc (NASDAQ:PRSP)

Susquehanna International Group LLP purchased a new position in shares of Perspecta Inc (NASDAQ:PRSP) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 65,900 shares of the company’s stock, valued at approximately $1,543,000.

Several other institutional investors have also recently added to or reduced their stakes in PRSP. C M Bidwell & Associates Ltd. acquired a new stake in Perspecta in the second quarter worth about $63,000. Alpha Windward LLC lifted its holdings in Perspecta by 39.5% in the 2nd quarter. Alpha Windward LLC now owns 6,165 shares of the company’s stock valued at $147,000 after acquiring an additional 1,747 shares during the last quarter. Raymond James Trust N.A. acquired a new stake in Perspecta in the 2nd quarter valued at about $205,000. Magnus Financial Group LLC purchased a new stake in Perspecta during the second quarter valued at about $219,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in Perspecta during the first quarter valued at about $220,000.

A number of research firms have commented on PRSP. Cowen lowered shares of Perspecta from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $28.00 to $26.00 in a research note on Monday, June 10th. Morgan Stanley upped their target price on Perspecta from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Monday. Zacks Investment Research upgraded Perspecta from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Tuesday, August 20th. Finally, Loop Capital increased their price objective on Perspecta to $22.00 and gave the stock a “hold” rating in a report on Friday, June 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $25.50.

In other news, Director Philip O. Nolan bought 4,366 shares of Perspecta stock in a transaction that occurred on Wednesday, July 3rd. The stock was purchased at an average cost of $22.98 per share, with a total value of $100,330.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Philip O. Nolan bought 4,257 shares of Perspecta stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average cost of $23.37 per share, with a total value of $99,486.09. The disclosure for this purchase can be found here.

NASDAQ:PRSP traded up $0.32 during mid-day trading on Wednesday, reaching $26.17. The stock had a trading volume of 1,427,359 shares, compared to its average volume of 817,977. The business’s 50 day moving average is $24.92 and its 200 day moving average is $23.07. Perspecta Inc has a fifty-two week low of $15.74 and a fifty-two week high of $26.64.

Perspecta (NASDAQ:PRSP) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the company posted $0.54 earnings per share. The firm’s revenue was up 47.5% compared to the same quarter last year.

The firm 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 $0.06 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $0.24 annualized dividend and a dividend yield of 0.92%.

Perspecta Profile

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Institutional Ownership by Quarter for Perspecta (NASDAQ:PRSP)

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