Perspecta (PRSP) Shares Gap Up to $20.22

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Shares of Perspecta Inc (NASDAQ:PRSP) gapped up prior to trading on Thursday . The stock had previously closed at $19.54, but opened at $20.22. Perspecta shares last traded at $20.64, with a volume of 2484640 shares traded.

PRSP has been the subject of a number of recent analyst reports. Cowen reissued a “buy” rating and issued a $28.00 price objective on shares of Perspecta in a research report on Wednesday. Zacks Investment Research cut Perspecta from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 14th. Finally, Loop Capital set a $19.00 price objective on Perspecta and gave the stock a “hold” rating in a research report on Wednesday, January 2nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $26.40.

Perspecta (NASDAQ:PRSP) last posted its quarterly earnings data on Wednesday, February 13th. The company reported $0.44 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.44. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. The firm’s revenue for the quarter was up 48.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 16th. Stockholders of record on Wednesday, March 27th will be given a $0.05 dividend. The ex-dividend date is Tuesday, March 26th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.95%.

Hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors raised its stake in Perspecta by 64.6% in the 4th quarter. Captrust Financial Advisors now owns 1,728 shares of the company’s stock worth $30,000 after acquiring an additional 678 shares during the last quarter. Legacy Financial Advisors Inc. raised its holdings in Perspecta by 958.0% during 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 raised its holdings in Perspecta by 1,647.2% during 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 raised its holdings in Perspecta by 609.5% during 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. Finally, Advisors Asset Management Inc. purchased a new position in Perspecta in the second quarter valued at about $107,000.

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Perspecta Company Profile (NASDAQ:PRSP)

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