Perspecta Inc (PRSP) Shares Sold by Corsair Capital Management L.P.
Corsair Capital Management L.P. lessened its holdings in shares of Perspecta Inc (NASDAQ:PRSP) by 2.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 402,489 shares of the company’s stock after selling 10,597 shares during the period. Perspecta makes up approximately 2.4% of Corsair Capital Management L.P.’s holdings, making the stock its 19th largest position. Corsair Capital Management L.P.’s holdings in Perspecta were worth $10,352,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Dorsal Capital Management LLC raised its holdings in shares of Perspecta by 98.2% in the 3rd quarter. Dorsal Capital Management LLC now owns 2,775,000 shares of the company’s stock worth $71,373,000 after buying an additional 1,375,000 shares in the last quarter. Riverhead Capital Management LLC acquired a new position in shares of Perspecta in the 3rd quarter worth approximately $435,000. People s United Financial Inc. acquired a new position in shares of Perspecta in the 3rd quarter worth approximately $241,000. Sirios Capital Management L P grew its position in Perspecta by 23.9% during the 3rd quarter. Sirios Capital Management L P now owns 713,663 shares of the company’s stock worth $18,355,000 after acquiring an additional 137,810 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its position in Perspecta by 97.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 260,960 shares of the company’s stock worth $6,712,000 after acquiring an additional 128,713 shares during the last quarter.
A number of research firms recently commented on PRSP. Stifel Nicolaus began coverage on Perspecta in a research report on Tuesday, October 16th. They set a “buy” rating and a $35.00 price target on the stock. Wells Fargo & Co upgraded Perspecta from a “market perform” rating to an “outperform” rating in a research report on Friday, September 14th. Loop Capital began coverage on Perspecta in a research report on Thursday, August 9th. They set a “hold” rating and a $23.00 price target on the stock. Zacks Investment Research lowered Perspecta from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 14th. Finally, Cowen restated a “buy” rating and set a $30.00 price target on shares of Perspecta in a research report on Thursday, November 15th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $27.60.
Perspecta (NASDAQ:PRSP) last released its quarterly earnings results on Wednesday, November 14th. The company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. The business’s revenue was up 51.3% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, December 5th will be given a $0.05 dividend. The ex-dividend date is Tuesday, December 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.99%.
Perspecta Company Profile
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