California Public Employees Retirement System decreased its holdings in shares of Perspecta Inc (NASDAQ:PRSP) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 263,859 shares of the company’s stock after selling 20,300 shares during the quarter. California Public Employees Retirement System owned 0.16% of Perspecta worth $4,544,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Legacy Financial Advisors Inc. grew 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 in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Perspecta by 1,647.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 970,485 shares of the company’s stock worth $56,000 after purchasing an additional 914,939 shares in the last quarter. Alpha Windward LLC grew 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 in the last quarter. Acadian Asset Management LLC bought a new position in Perspecta in the third quarter worth approximately $117,000. Finally, Royal London Asset Management Ltd. bought a new position in Perspecta in the fourth quarter worth approximately $184,000.
Perspecta stock opened at $20.50 on Friday. Perspecta Inc has a twelve month low of $15.74 and a twelve month high of $27.68.
Perspecta (NASDAQ:PRSP) last posted its earnings results on Wednesday, February 13th. The company reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.07 billion. The firm’s quarterly revenue was up 48.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Wednesday, March 27th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 26th. This represents a $0.20 dividend on an annualized basis and a yield of 0.98%.
Several research analysts recently issued reports on PRSP shares. Cowen reissued a “buy” rating and issued a $28.00 price objective on shares of Perspecta in a research note on Wednesday, February 13th. Loop Capital set a $19.00 price objective on Perspecta and gave the stock a “hold” rating in a research note on Wednesday, January 2nd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $26.40.
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