Affinity Investment Advisors LLC lifted its holdings in Perspecta Inc (NASDAQ:PRSP) by 19.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,563 shares of the company’s stock after acquiring an additional 11,378 shares during the period. Affinity Investment Advisors LLC’s holdings in Perspecta were worth $1,181,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the stock. Legacy Financial Advisors Inc. lifted its stake in Perspecta by 958.0% in the fourth quarter. Legacy Financial Advisors Inc. now owns 2,169 shares of the company’s stock worth $37,000 after purchasing an additional 1,964 shares during the last quarter. Alpha Windward LLC lifted its stake in Perspecta by 609.5% in the fourth quarter. Alpha Windward LLC now owns 4,775 shares of the company’s stock worth $82,000 after purchasing an additional 4,102 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in Perspecta in the second quarter worth about $107,000. Acadian Asset Management LLC bought a new stake in Perspecta in the third quarter worth about $117,000. Finally, Royal London Asset Management Ltd. bought a new stake in Perspecta in the fourth quarter worth about $184,000.
Several research firms have recently weighed in on PRSP. Zacks Investment Research downgraded shares of Perspecta from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 14th. Loop Capital set a $19.00 price target on shares of Perspecta and gave the company a “hold” rating in a research note on Wednesday, January 2nd. Cowen reaffirmed a “buy” rating and set a $30.00 price target on shares of Perspecta in a research note on Thursday, November 15th. Finally, Stifel Nicolaus began coverage on shares of Perspecta in a research note on Tuesday, October 16th. They set a “buy” rating and a $35.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Perspecta currently has a consensus rating of “Buy” and a consensus price target of $26.80.
Perspecta stock opened at $19.65 on Tuesday. Perspecta Inc has a fifty-two week low of $15.74 and a fifty-two week high of $27.68.
Perspecta (NASDAQ:PRSP) last issued its quarterly earnings data on Wednesday, November 14th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Perspecta’s revenue for the quarter was up 51.3% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Wednesday, December 5th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Tuesday, December 4th.
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