Wells Fargo & Co upgraded shares of Perspecta (NASDAQ:PRSP) from a market perform rating to an outperform rating in a report issued on Friday, MarketBeat.com reports.

PRSP has been the subject of several other research reports. Zacks Investment Research upgraded Perspecta from a hold rating to a buy rating and set a $26.00 price target for the company in a report on Wednesday, August 22nd. Vertical Research began coverage on Perspecta in a report on Tuesday, June 26th. They issued a hold rating for the company. Cowen reiterated a buy rating and set a $32.00 target price on shares of Perspecta in a report on Thursday, August 2nd. Finally, Loop Capital began coverage on Perspecta in a report on Thursday, August 9th. They set a hold rating and a $23.00 target price for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Perspecta has a consensus rating of Buy and a consensus price target of $26.25.

PRSP opened at $25.44 on Friday. Perspecta has a 12 month low of $19.84 and a 12 month high of $27.68.

Perspecta (NASDAQ:PRSP) last posted its quarterly earnings results on Tuesday, August 14th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.45 by $0.09. The business had revenue of $793.00 million during the quarter, compared to analysts’ expectations of $1.05 billion.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 16th. Stockholders of record on Wednesday, September 5th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Tuesday, September 4th.

Several large investors have recently modified their holdings of PRSP. Global X Management Co LLC purchased a new stake in shares of Perspecta during the 2nd quarter worth about $105,000. Advisors Asset Management Inc. purchased a new stake in shares of Perspecta during the 2nd quarter worth about $107,000. Westpac Banking Corp purchased a new stake in shares of Perspecta during the 2nd quarter worth about $147,000. Oldfield Partners LLP purchased a new stake in shares of Perspecta during the 2nd quarter worth about $171,000. Finally, New England Asset Management Inc. purchased a new stake in shares of Perspecta during the 2nd quarter worth about $176,000.

Perspecta Company Profile

There is no company description available for Perspecta Inc

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