Kingstown Capital Management L.P. decreased its position in Perspecta Inc (NASDAQ:PRSP) by 37.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,250,000 shares of the company’s stock after selling 750,000 shares during the quarter. Perspecta accounts for approximately 4.3% of Kingstown Capital Management L.P.’s holdings, making the stock its 12th biggest holding. Kingstown Capital Management L.P.’s holdings in Perspecta were worth $32,150,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Global X Management Co LLC acquired a new position in Perspecta during the 2nd quarter worth about $105,000. Advisors Asset Management Inc. acquired a new position in Perspecta during the 2nd quarter worth about $107,000. Acadian Asset Management LLC acquired a new position in Perspecta during the 3rd quarter worth about $117,000. New England Asset Management Inc. acquired a new position in Perspecta during the 2nd quarter worth about $176,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Perspecta during the 2nd quarter worth about $181,000.

Perspecta stock opened at $20.11 on Friday. Perspecta Inc has a 1 year low of $19.60 and a 1 year high of $27.68.

Perspecta (NASDAQ:PRSP) last released its earnings results on Wednesday, November 14th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. The business’s revenue was up 51.3% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, December 5th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, December 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.99%.

Several research analysts recently issued reports on the stock. Wells Fargo & Co upgraded shares of Perspecta from a “market perform” rating to an “outperform” rating in a research report on Friday, September 14th. Stifel Nicolaus started coverage on shares of Perspecta in a research report on Tuesday, October 16th. They set a “buy” rating and a $35.00 target price on the stock. Zacks Investment Research upgraded shares of Perspecta from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Wednesday, August 22nd. Cowen restated a “buy” rating and set a $30.00 target price on shares of Perspecta in a research report on Thursday, November 15th. Finally, Loop Capital started coverage on shares of Perspecta in a research report on Thursday, August 9th. They set a “hold” rating and a $23.00 target price on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $27.60.

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Institutional Ownership by Quarter for Perspecta (NASDAQ:PRSP)

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