Perspecta Inc (NASDAQ:PRSP) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 2,794,873 shares, a decrease of 58.7% from the July 13th total of 6,766,908 shares. Based on an average daily volume of 1,321,871 shares, the short-interest ratio is presently 2.1 days. Approximately 2.0% of the company’s stock are short sold.

A number of brokerages have issued reports on PRSP. Loop Capital began coverage on shares of Perspecta in a research report on Thursday, August 9th. They issued a “hold” rating and a $23.00 price objective for the company. Cowen reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Perspecta in a research report on Thursday, August 2nd. Wells Fargo & Co began coverage on shares of Perspecta in a research report on Wednesday, June 20th. They issued a “market perform” rating and a $24.00 price objective for the company. Finally, Vertical Research began coverage on shares of Perspecta in a research report on Tuesday, June 26th. They issued a “hold” rating for the company.

Institutional investors have recently added to or reduced their stakes in the company. BB&T Corp bought a new position in shares of Perspecta during the 2nd quarter valued at approximately $504,000. Harbor Advisors LLC bought a new position in shares of Perspecta during the 2nd quarter valued at approximately $331,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Perspecta during the 2nd quarter valued at approximately $27,080,000. Achmea Investment Management B.V. bought a new position in shares of Perspecta during the 2nd quarter valued at approximately $337,000. Finally, Heritage Investors Management Corp bought a new position in shares of Perspecta during the 2nd quarter valued at approximately $1,098,000.

Shares of PRSP stock opened at $23.30 on Friday. Perspecta has a 52-week low of $19.84 and a 52-week high of $27.68.

Perspecta (NASDAQ:PRSP) last issued its quarterly earnings data on Tuesday, August 14th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.09. The firm had revenue of $793.00 million during the quarter, compared to the consensus estimate of $1.05 billion.

About Perspecta

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