State of Alaska Department of Revenue lowered its position in shares of Perspecta Inc. (NASDAQ:PRSP) by 3.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,291 shares of the company’s stock after selling 945 shares during the period. State of Alaska Department of Revenue’s holdings in Perspecta were worth $530,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Advisor Group Holdings Inc. acquired a new position in shares of Perspecta during the first quarter worth $104,000. Alpha Windward LLC lifted its position in Perspecta by 28.9% in the second quarter. Alpha Windward LLC now owns 8,767 shares of the company’s stock valued at $204,000 after acquiring an additional 1,963 shares during the last quarter. Magnus Financial Group LLC purchased a new stake in Perspecta in the second quarter valued at $221,000. Profund Advisors LLC purchased a new stake in Perspecta in the second quarter valued at $223,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Perspecta in the second quarter valued at $241,000.

Shares of NASDAQ:PRSP opened at $20.43 on Friday. The company has a 50-day simple moving average of $19.82 and a 200-day simple moving average of $21.27. Perspecta Inc. has a one year low of $14.03 and a one year high of $29.88.

Perspecta (NASDAQ:PRSP) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.07 billion. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 earnings per share.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, August 26th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, August 25th. This represents a $0.28 annualized dividend and a yield of 1.37%.

In related news, CEO John M. Curtis bought 2,500 shares of the stock in a transaction on Friday, September 4th. The shares were bought at an average cost of $19.93 per share, for a total transaction of $49,825.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

PRSP has been the subject of a number of research reports. Morgan Stanley boosted their price target on shares of Perspecta from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 24th. Zacks Investment Research cut shares of Perspecta from a “hold” rating to a “sell” rating in a research report on Tuesday, September 29th. Finally, BidaskClub raised shares of Perspecta from a “strong sell” rating to a “sell” rating in a report on Saturday. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Perspecta presently has a consensus rating of “Hold” and an average price target of $24.33.

Perspecta Profile

Perspecta Inc provides enterprise information technology (IT) services to government customers in the United States federal, state, and local markets. The company develops, modernizes, transforms, and manages customers' enterprise application portfolios enabling a shift of IT spend from maintenance and operations to innovation; and offers analytics and data services, as well as research, engineering, consulting, and technology solutions for government, including cybersecurity, cloud, quantum computing, network configuration, and data analytics capabilities.

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Institutional Ownership by Quarter for Perspecta (NASDAQ:PRSP)

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