Primecap Management Co. CA decreased its holdings in shares of Perspecta Inc (NASDAQ:PRSP) by 5.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,031,990 shares of the company’s stock after selling 111,266 shares during the quarter. Primecap Management Co. CA’s holdings in Perspecta were worth $41,087,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Oppenheimer Asset Management Inc. increased its holdings in Perspecta by 6.0% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 12,000 shares of the company’s stock worth $206,000 after acquiring an additional 680 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in Perspecta by 22.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 14,981 shares of the company’s stock worth $258,000 after acquiring an additional 2,796 shares in the last quarter. Rhumbline Advisers increased its holdings in Perspecta by 57.1% in the 4th quarter. Rhumbline Advisers now owns 442,007 shares of the company’s stock worth $7,611,000 after acquiring an additional 160,578 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in Perspecta in the 4th quarter worth $196,000. Finally, ClariVest Asset Management LLC increased its holdings in Perspecta by 1,050,588.2% in the 4th quarter. ClariVest Asset Management LLC now owns 178,617 shares of the company’s stock worth $3,075,000 after acquiring an additional 178,600 shares in the last quarter.
Shares of Perspecta stock traded down $0.19 during trading hours on Friday, reaching $22.83. 392,244 shares of the company’s stock were exchanged, compared to its average volume of 799,487. Perspecta Inc has a 1 year low of $15.74 and a 1 year high of $26.64.
Perspecta (NASDAQ:PRSP) last released its earnings results on Thursday, June 6th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.06. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the company earned $0.47 EPS. Perspecta’s quarterly revenue was up 53.0% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Wednesday, June 5th will be issued a dividend of $0.06 per share. This is a positive change from Perspecta’s previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, June 4th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.05%.
In other Perspecta news, Director Philip O. Nolan bought 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, with a total value of $101,110.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Philip O. Nolan bought 4,595 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were acquired at an average cost of $21.83 per share, with a total value of $100,308.85. The disclosure for this purchase can be found here. Insiders have bought 25,675 shares of company stock valued at $551,677 in the last ninety days.
PRSP has been the subject of several recent analyst reports. Cowen lowered shares of Perspecta from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $28.00 to $26.00 in a report on Monday, June 10th. Morgan Stanley started coverage on shares of Perspecta in a report on Monday, June 3rd. They set an “underweight” rating and a $20.00 target price for the company. Goldman Sachs Group started coverage on shares of Perspecta in a report on Thursday, May 9th. They set a “sell” rating and a $21.00 target price for the company. Zacks Investment Research raised shares of Perspecta from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Wednesday. Finally, Loop Capital upped their target price on shares of Perspecta to $22.00 and gave the stock a “hold” rating in a report on Friday, June 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $24.86.
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