Russell Investments Group Ltd. grew its holdings in Perspecta Inc (NASDAQ:PRSP) by 24.3% during the 3rd quarter, Holdings Channel reports. The firm owned 634,630 shares of the company’s stock after buying an additional 124,019 shares during the period. Russell Investments Group Ltd.’s holdings in Perspecta were worth $16,314,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Bank of Montreal Can bought a new stake in Perspecta in the 2nd quarter valued at about $6,113,000. Regent Investment Management LLC bought a new stake in Perspecta in the 2nd quarter valued at about $854,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in Perspecta in the 2nd quarter valued at about $418,000. Retirement Systems of Alabama bought a new stake in Perspecta in the 2nd quarter valued at about $3,796,000. Finally, Westpac Banking Corp bought a new stake in Perspecta in the 2nd quarter valued at about $147,000.
Shares of Perspecta stock opened at $23.39 on Friday. Perspecta Inc has a 1-year low of $19.84 and a 1-year high of $27.68.
Perspecta (NASDAQ:PRSP) last issued its quarterly earnings results on Tuesday, August 14th. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.09. The firm had revenue of $793.00 million for the quarter, compared to the consensus estimate of $1.05 billion.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 16th. Stockholders of record on Wednesday, September 5th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Tuesday, September 4th.
A number of analysts have issued reports on PRSP shares. Cowen reissued a “buy” rating and issued a $32.00 price objective on shares of Perspecta in a report on Thursday, August 2nd. Zacks Investment Research raised shares of Perspecta from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Wednesday, August 22nd. Loop Capital started coverage on shares of Perspecta in a report on Thursday, August 9th. They issued a “hold” rating and a $23.00 price objective for the company. Stifel Nicolaus initiated coverage on shares of Perspecta in a report on Tuesday, October 16th. They issued a “buy” rating and a $35.00 price objective for the company. Finally, Wells Fargo & Co raised shares of Perspecta from a “market perform” rating to an “outperform” rating in a report on Friday, September 14th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $28.00.
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