Sciencast Management LP acquired a new position in Perspecta Inc (NASDAQ:PRSP) in the 2nd quarter, HoldingsChannel reports. The fund acquired 20,573 shares of the company’s stock, valued at approximately $437,000.
Other large investors have also made changes to their positions in the company. Marshall Wace LLP acquired a new position in shares of Perspecta during the fourth quarter valued at about $59,000. FDx Advisors Inc. acquired a new position in Perspecta during the 1st quarter valued at approximately $247,000. Investment Counselors of Maryland LLC acquired a new position in Perspecta during the 1st quarter valued at approximately $158,000. Alpha Windward LLC raised its holdings in shares of Perspecta by 28.9% in the second quarter. Alpha Windward LLC now owns 8,767 shares of the company’s stock worth $204,000 after buying an additional 1,963 shares during the last quarter. Finally, Advisor Group Holdings Inc. acquired a new stake in shares of Perspecta during the first quarter worth $104,000.
In related news, CEO John M. Curtis bought 18,354 shares of the business’s stock in a transaction dated Wednesday, July 15th. The stock was acquired at an average price of $21.97 per share, with a total value of $403,237.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Philip O. Nolan purchased 4,568 shares of Perspecta stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average price of $21.27 per share, with a total value of $97,161.36. The disclosure for this purchase can be found here. Insiders have acquired 27,507 shares of company stock worth $601,131 in the last quarter.
Perspecta (NASDAQ:PRSP) last issued its quarterly earnings data on Thursday, May 21st. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the company posted $0.54 EPS. The company’s revenue was up .5% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Thursday, June 11th were issued a $0.07 dividend. This is a boost from Perspecta’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.28 dividend on an annualized basis and a yield of 1.31%.
PRSP has been the subject of a number of research analyst reports. Wells Fargo & Co raised their target price on Perspecta from $21.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Friday, May 22nd. Zacks Investment Research upgraded Perspecta from a “sell” rating to a “hold” rating in a research note on Thursday. Wedbush lowered Perspecta from an “outperform” rating to a “neutral” rating in a research report on Tuesday, June 9th. Morgan Stanley raised their target price on shares of Perspecta from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 24th. Finally, Cowen assumed coverage on Perspecta in a research report on Friday, June 12th. They set a “hold” rating and a $26.00 price target on the stock. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.00.
Perspecta Inc provides enterprise information technology (IT) services to government customers in the United States federal, state, and local markets. The company develops, modernizes, transforms, and manages customers' enterprise application portfolios enabling a shift of IT spend from maintenance and operations to innovation; and offers analytics and data services, as well as research, engineering, consulting, and technology solutions for government, including cybersecurity, cloud, quantum computing, network configuration, and data analytics capabilities.
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