Shares of Perspecta Inc (NASDAQ:PRSP) have been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $25.33.
Several analysts recently issued reports on the company. 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. Cowen downgraded Perspecta from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $28.00 to $26.00 in a research note on Monday, June 10th. Loop Capital boosted their price target on Perspecta to $22.00 and gave the stock a “hold” rating in a research report on Friday, June 7th. Finally, Morgan Stanley set a $21.00 price objective on Perspecta and gave the stock a “sell” rating in a research note on Monday, June 17th.
Perspecta stock traded up $0.29 during mid-day trading on Friday, reaching $26.02. The company’s stock had a trading volume of 628,123 shares, compared to its average volume of 798,717. Perspecta has a 12 month low of $15.74 and a 12 month high of $26.64. The business’s 50 day simple moving average is $24.29 and its 200 day simple moving average is $22.77.
Perspecta (NASDAQ:PRSP) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the firm earned $0.54 earnings per share. The company’s quarterly revenue was up 47.5% compared to the same quarter last year.
The company 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. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Tuesday, September 3rd.
In other Perspecta news, Director Philip O. Nolan bought 4,257 shares of Perspecta stock in a transaction dated Friday, August 2nd. The stock was bought at an average cost of $23.37 per share, for a total transaction of $99,486.09. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Philip O. Nolan bought 4,366 shares of Perspecta stock in a transaction dated Wednesday, July 3rd. The shares were acquired at an average price of $22.98 per share, with a total value of $100,330.68. The disclosure for this purchase can be found here.
Institutional investors have recently made changes to their positions in the business. Atria Investments LLC bought a new position in shares of Perspecta in the second quarter valued at about $23,342,000. Barings LLC boosted its holdings in shares of Perspecta by 26.7% during the 2nd quarter. Barings LLC now owns 32,237 shares of the company’s stock worth $755,000 after buying an additional 6,800 shares during the period. Royal Bank of Canada boosted its holdings in shares of Perspecta by 65.3% during the 2nd quarter. Royal Bank of Canada now owns 12,518 shares of the company’s stock worth $291,000 after buying an additional 4,947 shares during the period. Verition Fund Management LLC acquired a new position in Perspecta in the 2nd quarter valued at about $576,000. Finally, Amundi Pioneer Asset Management Inc. grew its stake in Perspecta by 4.6% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 339,104 shares of the company’s stock valued at $7,938,000 after buying an additional 14,796 shares during the last quarter.
Perspecta Company Profile
There is no company description available for Perspecta Inc
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