OppenheimerFunds Inc. lessened its holdings in Perspecta Inc (NASDAQ:PRSP) by 22.0% during the 1st quarter, Holdings Channel reports. The firm owned 1,807,928 shares of the company’s stock after selling 510,637 shares during the period. OppenheimerFunds Inc.’s holdings in Perspecta were worth $36,557,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Elliott Management Corp acquired a new position in Perspecta during the 4th quarter worth about $8,821,000. Affinity Investment Advisors LLC lifted its stake in Perspecta by 19.9% during the 4th quarter. Affinity Investment Advisors LLC now owns 68,563 shares of the company’s stock worth $1,181,000 after acquiring an additional 11,378 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Perspecta by 17.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,840,545 shares of the company’s stock worth $31,688,000 after purchasing an additional 270,254 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in Perspecta during the 4th quarter worth about $446,000. Finally, California State Teachers Retirement System increased its holdings in Perspecta by 2.3% during the 4th quarter. California State Teachers Retirement System now owns 224,934 shares of the company’s stock worth $3,873,000 after purchasing an additional 5,072 shares during the period.
In other Perspecta news, Director Philip O. Nolan acquired 4,595 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were acquired at an average price of $21.83 per share, for a total transaction of $100,308.85. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Philip O. Nolan acquired 4,705 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was acquired 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. In the last quarter, insiders bought 25,675 shares of company stock worth $551,677.
Several equities research analysts have weighed in on PRSP shares. Cowen restated a “buy” rating and set a $28.00 price target on shares of Perspecta in a report on Wednesday, February 13th. Morgan Stanley started coverage on Perspecta in a report on Monday, June 3rd. They set an “underweight” rating and a $20.00 price target on the stock. Zacks Investment Research upgraded Perspecta from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Wednesday. Loop Capital upped their price target on Perspecta to $22.00 and gave the stock a “hold” rating in a report on Friday, June 7th. Finally, Goldman Sachs Group started coverage on Perspecta in a report on Thursday, May 9th. They set a “sell” rating and a $21.00 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 given a buy rating to the stock. Perspecta currently has an average rating of “Hold” and an average target price of $24.86.
NASDAQ PRSP traded down $0.04 during trading hours on Wednesday, hitting $22.97. 11,859 shares of the company were exchanged, compared to its average volume of 803,155. Perspecta Inc has a 52-week low of $15.74 and a 52-week high of $26.64.
Perspecta (NASDAQ:PRSP) last released its quarterly earnings data on Thursday, June 6th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the company posted $0.47 EPS. The company’s revenue was up 53.0% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Wednesday, June 5th will be issued a $0.06 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.04%. This is an increase from Perspecta’s previous quarterly dividend of $0.05.
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