Virginia Retirement Systems ET AL increased its holdings in Perspecta Inc (NASDAQ:PRSP) by 9.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 146,566 shares of the company’s stock after buying an additional 12,500 shares during the quarter. Virginia Retirement Systems ET AL owned 0.09% of Perspecta worth $2,964,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Martingale Asset Management L P raised its position in Perspecta by 363.6% in the 3rd quarter. Martingale Asset Management L P now owns 51,903 shares of the company’s stock worth $1,335,000 after purchasing an additional 40,707 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Perspecta by 36.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,570,291 shares of the company’s stock worth $40,387,000 after purchasing an additional 420,179 shares during the last quarter. JPMorgan Chase & Co. raised its position in Perspecta by 7.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 833,597 shares of the company’s stock worth $21,440,000 after purchasing an additional 56,837 shares during the last quarter. Jane Street Group LLC bought a new position in Perspecta in the 3rd quarter worth approximately $308,000. Finally, AQR Capital Management LLC raised its position in Perspecta by 33.1% in the 3rd quarter. AQR Capital Management LLC now owns 239,928 shares of the company’s stock worth $6,170,000 after purchasing an additional 59,652 shares during the last quarter.
In other Perspecta news, CFO John Kavanaugh bought 2,398 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was bought at an average price of $21.08 per share, for a total transaction of $50,549.84. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO John M. Curtis bought 9,578 shares of the company’s stock in a transaction on Monday, March 25th. The shares were acquired at an average price of $20.76 per share, with a total value of $198,839.28. The disclosure for this purchase can be found here. Insiders have acquired a total of 20,970 shares of company stock valued at $450,567 in the last quarter.
Several research firms recently weighed in on PRSP. Goldman Sachs Group began coverage on shares of Perspecta in a research report on Thursday, May 9th. They issued a “sell” rating and a $21.00 price objective for the company. Cowen restated a “buy” rating and issued a $28.00 price objective on shares of Perspecta in a research report on Wednesday, February 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $25.50.
Shares of Perspecta stock traded up $0.26 on Wednesday, hitting $22.60. 768,996 shares of the company’s stock traded hands, compared to its average volume of 767,856. Perspecta Inc has a one year low of $15.74 and a one year high of $27.68.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Wednesday, June 5th will be given a dividend of $0.06 per share. This is a boost from Perspecta’s previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, June 4th. This represents a $0.24 annualized dividend and a dividend yield of 1.06%.
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