Eagle Asset Management Inc. raised its holdings in Perspecta Inc (NASDAQ:PRSP) by 0.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,550,405 shares of the company’s stock after acquiring an additional 10,152 shares during the period. Eagle Asset Management Inc. owned approximately 2.19% of Perspecta worth $92,736,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the business. First Trust Advisors LP raised its holdings in Perspecta by 61.4% in the 3rd quarter. First Trust Advisors LP now owns 271,994 shares of the company’s stock valued at $7,104,000 after acquiring an additional 103,474 shares during the last quarter. Mackay Shields LLC raised its holdings in Perspecta by 95.3% in the 3rd quarter. Mackay Shields LLC now owns 154,962 shares of the company’s stock valued at $4,048,000 after acquiring an additional 75,600 shares during the last quarter. ARP Americas LP acquired a new stake in Perspecta in the 3rd quarter valued at about $235,000. Russell Investments Group Ltd. raised its holdings in Perspecta by 29.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,107,107 shares of the company’s stock valued at $28,912,000 after acquiring an additional 252,582 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in Perspecta by 32.0% in the 3rd quarter. California Public Employees Retirement System now owns 293,183 shares of the company’s stock valued at $7,658,000 after acquiring an additional 71,099 shares during the last quarter.
PRSP has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Perspecta from a “buy” rating to a “hold” rating in a report on Thursday, October 17th. Morgan Stanley raised their price target on shares of Perspecta from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Monday, September 23rd. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $23.60.
Shares of NASDAQ PRSP traded up $0.32 during midday trading on Friday, reaching $27.48. 586,300 shares of the stock were exchanged, compared to its average volume of 781,968. The company has a 50 day simple moving average of $26.06 and a 200 day simple moving average of $24.16. Perspecta Inc has a twelve month low of $15.74 and a twelve month high of $27.63.
Perspecta (NASDAQ:PRSP) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.08 billion. The firm’s quarterly revenue was up 47.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 EPS.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Wednesday, September 4th were issued a dividend of $0.06 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.87%.
Perspecta Company Profile
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