Sei Investments Co. lowered its position in Perspecta Inc. (NASDAQ:PRSP) by 23.0% during the 3rd quarter, Holdings Channel reports. The fund owned 49,632 shares of the company’s stock after selling 14,843 shares during the period. Sei Investments Co.’s holdings in Perspecta were worth $946,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Jana Partners LLC lifted its holdings in shares of Perspecta by 36.7% in the third quarter. Jana Partners LLC now owns 12,799,872 shares of the company’s stock valued at $248,958,000 after purchasing an additional 3,435,615 shares in the last quarter. Ninety One UK Ltd bought a new position in shares of Perspecta in the second quarter valued at approximately $56,771,000. Balyasny Asset Management LLC lifted its holdings in shares of Perspecta by 6,833.9% in the second quarter. Balyasny Asset Management LLC now owns 942,592 shares of the company’s stock valued at $21,896,000 after purchasing an additional 928,998 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Perspecta by 86.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,581,381 shares of the company’s stock valued at $30,758,000 after purchasing an additional 735,059 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Perspecta by 52.0% in the third quarter. Point72 Asset Management L.P. now owns 1,913,865 shares of the company’s stock valued at $37,225,000 after purchasing an additional 654,433 shares in the last quarter.
In related news, Director Michael Earl Ventling bought 2,000 shares of the stock in a transaction dated Wednesday, October 28th. The stock was bought at an average price of $17.43 per share, with a total value of $34,860.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of PRSP stock opened at $24.08 on Friday. The business has a 50-day moving average price of $23.18 and a two-hundred day moving average price of $21.46. Perspecta Inc. has a 12-month low of $14.03 and a 12-month high of $29.44.
Perspecta (NASDAQ:PRSP) last issued its quarterly earnings results on Tuesday, November 10th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.03. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the firm earned $0.54 EPS. The company’s revenue for the quarter was down 2.6% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Tuesday, November 24th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.16%. The ex-dividend date is Monday, November 23rd.
A number of research analysts have recently weighed in on the company. Zacks Investment Research lowered Perspecta from a “hold” rating to a “sell” rating in a report on Wednesday, November 25th. BidaskClub upgraded Perspecta from a “sell” rating to a “hold” rating in a report on Monday, December 28th. Finally, Morgan Stanley lifted their price target on Perspecta from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Thursday, November 12th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Perspecta has a consensus rating of “Hold” and an average target price of $24.67.
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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