Shares of Perspecta Inc (NASDAQ:PRSP) have been given a consensus recommendation of “Hold” by the seven analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $25.33.

PRSP has been the subject of a number of research reports. Cowen cut shares of Perspecta from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $28.00 to $26.00 in a report on Monday, June 10th. Loop Capital lifted their price target on shares of Perspecta to $22.00 and gave the company a “hold” rating in a research note on Friday, June 7th. Morgan Stanley set a $21.00 price objective on shares of Perspecta and gave the company a “sell” rating in a report on Monday, June 17th. Finally, Zacks Investment Research raised shares of Perspecta from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Tuesday, August 20th.

In other news, Director Philip O. Nolan bought 4,257 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average cost of $23.37 per share, for a total transaction of $99,486.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Philip O. Nolan purchased 4,366 shares of Perspecta stock in a transaction that occurred on Wednesday, July 3rd. The stock was acquired at an average cost of $22.98 per share, with a total value of $100,330.68. The disclosure for this purchase can be found here.

Hedge funds have recently made changes to their positions in the business. Investec Asset Management LTD lifted its stake in shares of Perspecta by 47.0% in the second quarter. Investec Asset Management LTD now owns 4,013,821 shares of the company’s stock valued at $93,964,000 after buying an additional 1,283,891 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in shares of Perspecta by 0.6% in the 2nd quarter. Eagle Asset Management Inc. now owns 3,540,253 shares of the company’s stock worth $82,877,000 after acquiring an additional 21,973 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Perspecta by 57.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,818,212 shares of the company’s stock worth $65,974,000 after acquiring an additional 1,023,514 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Perspecta by 10.5% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,633,910 shares of the company’s stock worth $53,257,000 after acquiring an additional 250,266 shares during the last quarter. Finally, Carillon Tower Advisers Inc. lifted its position in Perspecta by 16.7% in the 1st quarter. Carillon Tower Advisers Inc. now owns 2,413,810 shares of the company’s stock valued at $48,807,000 after acquiring an additional 346,047 shares in the last quarter.

Shares of Perspecta stock traded up $0.29 on Friday, reaching $26.02. 628,123 shares of the company’s stock were exchanged, compared to its average volume of 798,717. Perspecta has a 52 week low of $15.74 and a 52 week high of $26.64. The firm’s 50-day moving average is $24.29 and its two-hundred day moving average is $22.77.

Perspecta (NASDAQ:PRSP) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The business’s revenue was up 47.5% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, September 4th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 0.92%.

About Perspecta

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Analyst Recommendations for Perspecta (NASDAQ:PRSP)

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