Metropolitan Life Insurance Co NY Buys 549 Shares of Perspecta Inc (NASDAQ:PRSP)
Metropolitan Life Insurance Co NY boosted its stake in shares of Perspecta Inc (NASDAQ:PRSP) by 0.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 80,794 shares of the company’s stock after buying an additional 549 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Perspecta were worth $2,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently added to or reduced their stakes in the stock. Arizona State Retirement System increased its holdings in shares of Perspecta by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 101,571 shares of the company’s stock worth $2,378,000 after purchasing an additional 587 shares during the period. Oregon Public Employees Retirement Fund grew its position in Perspecta by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 57,162 shares of the company’s stock worth $1,338,000 after buying an additional 804 shares in the last quarter. Pinebridge Investments L.P. increased its stake in Perspecta by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 117,653 shares of the company’s stock valued at $2,754,000 after acquiring an additional 1,176 shares during the period. Alpha Windward LLC increased its stake in Perspecta by 39.5% during the second quarter. Alpha Windward LLC now owns 6,165 shares of the company’s stock valued at $147,000 after acquiring an additional 1,747 shares during the period. Finally, Stifel Financial Corp increased its stake in Perspecta by 7.1% during the third quarter. Stifel Financial Corp now owns 29,409 shares of the company’s stock valued at $759,000 after acquiring an additional 1,943 shares during the period.
A number of brokerages have commented on PRSP. Zacks Investment Research downgraded Perspecta from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Morgan Stanley lifted their price objective on Perspecta from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Monday, September 23rd. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The stock currently has an average rating of “Sell” and an average price target of $23.60.
Perspecta (NASDAQ:PRSP) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.11 billion. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.45 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.06 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.24 annualized dividend and a dividend yield of 0.87%.
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