Shares of Perspecta Inc (NASDAQ:PRSP) saw strong trading volume on Friday . 1,437,716 shares were traded during mid-day trading, an increase of 84% from the previous session’s volume of 781,285 shares.The stock last traded at $20.50 and had previously closed at $20.49.
PRSP has been the topic of several analyst reports. Loop Capital set a $19.00 target price on Perspecta and gave the company a “hold” rating in a research note on Wednesday, January 2nd. Cowen reissued a “buy” rating and issued a $28.00 target price on shares of Perspecta in a research note on Wednesday, February 13th. Three 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 $26.40.
Perspecta (NASDAQ:PRSP) last released its earnings results on Wednesday, February 13th. The company reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company posted $0.42 EPS. The company’s quarterly revenue was up 48.9% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Wednesday, March 27th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.98%. The ex-dividend date is Tuesday, March 26th.
A number of large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its holdings in shares of Perspecta by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 1,514,764 shares of the company’s stock worth $26,084,000 after buying an additional 104,041 shares in the last quarter. Norges Bank bought a new position in shares of Perspecta during the fourth quarter worth about $35,504,000. Dimensional Fund Advisors LP grew its holdings in shares of Perspecta by 17.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,840,545 shares of the company’s stock worth $31,688,000 after buying an additional 270,254 shares in the last quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund bought a new position in shares of Perspecta during the fourth quarter worth about $62,000. Finally, Nordea Investment Management AB bought a new position in shares of Perspecta during the fourth quarter worth about $3,075,000.
COPYRIGHT VIOLATION WARNING: “Perspecta (PRSP) Sees Strong Trading Volume” was first posted by Transcript Daily and is owned by of Transcript Daily. If you are reading this news story on another website, it was illegally copied and reposted in violation of international copyright & trademark laws. The original version of this news story can be read at https://transcriptdaily.com/2019/03/17/perspecta-prsp-sees-strong-trading-volume.html.
Perspecta Company Profile (NASDAQ:PRSP)
There is no company description available for Perspecta Inc
Further Reading: Systematic Risk
Receive News & Ratings for Perspecta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perspecta and related companies with MarketBeat.com's FREE daily email newsletter.