Russell Investments Group Ltd. increased its position in shares of Perspecta Inc (NASDAQ:PRSP) by 24.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 634,630 shares of the company’s stock after purchasing an additional 124,019 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.38% of Perspecta worth $16,314,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Global X Management Co LLC purchased a new stake in shares of Perspecta during the second quarter worth approximately $105,000. Advisors Asset Management Inc. purchased a new stake in shares of Perspecta during the second quarter worth approximately $107,000. Westpac Banking Corp purchased a new stake in shares of Perspecta during the second quarter worth approximately $147,000. Oldfield Partners LLP purchased a new stake in shares of Perspecta during the second quarter worth approximately $171,000. Finally, New England Asset Management Inc. purchased a new stake in Perspecta in the 2nd quarter valued at $176,000.
Shares of NASDAQ:PRSP opened at $23.39 on Friday. Perspecta Inc has a 52-week low of $19.84 and a 52-week high of $27.68.
Perspecta (NASDAQ:PRSP) last issued its earnings results on Tuesday, August 14th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.09. The company had revenue of $793.00 million during the quarter, compared to analysts’ expectations of $1.05 billion.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 16th. Shareholders of record on Wednesday, September 5th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.86%. The ex-dividend date was Tuesday, September 4th.
PRSP has been the subject of several analyst reports. Cowen restated a “buy” rating and issued a $32.00 target price on shares of Perspecta in a report on Thursday, August 2nd. Stifel Nicolaus initiated coverage on Perspecta in a report on Tuesday, October 16th. They issued a “buy” rating and a $35.00 target price for the company. Zacks Investment Research upgraded Perspecta from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Wednesday, August 22nd. Loop Capital initiated coverage on Perspecta in a report on Thursday, August 9th. They issued a “hold” rating and a $23.00 target price for the company. Finally, Wells Fargo & Co upgraded Perspecta from a “market perform” rating to an “outperform” rating in a report on Friday, September 14th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $28.00.
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