Teachers Advisors LLC boosted its position in Perspecta Inc (NASDAQ:PRSP) by 21.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 522,131 shares of the company’s stock after buying an additional 90,991 shares during the quarter. Teachers Advisors LLC owned approximately 0.32% of Perspecta worth $13,429,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Bank of America Corp DE acquired a new position in shares of Perspecta in the 2nd quarter valued at $6,054,000. California Public Employees Retirement System acquired a new position in shares of Perspecta in the second quarter worth about $5,608,000. Advisors Asset Management Inc. acquired a new position in shares of Perspecta in the second quarter worth about $107,000. Public Employees Retirement System of Ohio acquired a new position in shares of Perspecta in the second quarter worth about $207,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Perspecta in the second quarter worth about $41,322,000.
Shares of Perspecta stock traded up $0.28 during trading on Monday, hitting $20.06. 200 shares of the stock were exchanged, compared to its average volume of 725,126. Perspecta Inc has a 1-year low of $15.74 and a 1-year high of $27.68.
Perspecta (NASDAQ:PRSP) last released its quarterly earnings data on Wednesday, November 14th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. The business’s revenue was up 51.3% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Wednesday, December 5th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Tuesday, December 4th.
A number of research analysts have commented on the stock. Loop Capital set a $19.00 price target on shares of Perspecta and gave the stock a “hold prsp” rating in a research note on Monday, December 24th. Stifel Nicolaus initiated coverage on shares of Perspecta in a research note on Tuesday, October 16th. They issued a “buy” rating and a $35.00 price target on the stock. Cowen restated a “buy” rating and set a $30.00 price objective on shares of Perspecta in a research note on Thursday, November 15th. Finally, Zacks Investment Research lowered shares of Perspecta from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 14th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Perspecta presently has a consensus rating of “Buy” and an average target price of $26.80.
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