Victory Capital Management Inc. lessened its holdings in Perspecta Inc (NASDAQ:PRSP) by 19.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,607,197 shares of the company’s stock after selling 387,522 shares during the period. Victory Capital Management Inc.’s holdings in Perspecta were worth $32,498,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Quantamental Technologies LLC raised its stake in Perspecta by 168.3% in the 1st quarter. Quantamental Technologies LLC now owns 1,610 shares of the company’s stock valued at $33,000 after acquiring an additional 1,010 shares during the period. Captrust Financial Advisors raised its stake in Perspecta by 64.6% in the 4th quarter. Captrust Financial Advisors now owns 1,728 shares of the company’s stock valued at $30,000 after acquiring an additional 678 shares during the period. Legacy Financial Advisors Inc. raised its stake in Perspecta by 958.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 2,169 shares of the company’s stock valued at $37,000 after acquiring an additional 1,964 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund bought a new stake in Perspecta in the 4th quarter valued at $62,000. Finally, State of Alaska Department of Revenue bought a new stake in Perspecta in the 1st quarter valued at $95,000.
PRSP traded down $0.03 during trading hours on Friday, reaching $22.44. The company’s stock had a trading volume of 7,958 shares, compared to its average volume of 759,164. Perspecta Inc has a 52 week low of $15.74 and a 52 week high of $27.68.
Perspecta (NASDAQ:PRSP) last posted its quarterly earnings data on Wednesday, February 13th. The company reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. The firm’s quarterly revenue was up 48.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 EPS.
PRSP has been the topic of a number of research analyst reports. Cowen restated a “buy” rating and issued a $28.00 price target on shares of Perspecta in a research note on Wednesday, February 13th. Goldman Sachs Group initiated coverage on Perspecta in a research note on Thursday, May 9th. They issued a “sell” rating and a $21.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Perspecta has a consensus rating of “Hold” and a consensus target price of $25.50.
In other news, CEO John M. Curtis acquired 9,578 shares of the stock in a transaction on Monday, March 25th. The shares were purchased at an average price of $20.76 per share, for a total transaction of $198,839.28. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Philip O. Nolan acquired 4,595 shares of the stock in a transaction on Thursday, April 4th. The shares were purchased at an average price of $21.83 per share, for a total transaction of $100,308.85. The disclosure for this purchase can be found here. Insiders have acquired a total of 20,970 shares of company stock worth $450,567 in the last quarter.
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