Perspecta (PRSP) Shares Gap Up to $25.21

Perspecta Inc (NASDAQ:PRSP) shares gapped up before the market opened on Friday . The stock had previously closed at $24.64, but opened at $25.21. Perspecta shares last traded at $25.60, with a volume of 2519939 shares traded.

Several research analysts have recently issued reports on PRSP shares. Wells Fargo & Co upgraded shares of Perspecta from a “market perform” rating to an “outperform” rating in a report on Friday. Zacks Investment Research upgraded shares of Perspecta from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Wednesday, August 22nd. Vertical Research started coverage on shares of Perspecta in a report on Tuesday, June 26th. They set a “hold” rating on the stock. Cowen restated a “buy” rating and set a $32.00 price objective on shares of Perspecta in a report on Thursday, August 2nd. Finally, Loop Capital started coverage on shares of Perspecta in a report on Thursday, August 9th. They set a “hold” rating and a $23.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Perspecta presently has a consensus rating of “Buy” and an average price target of $26.25.

Perspecta (NASDAQ:PRSP) last posted its quarterly earnings data on Tuesday, August 14th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.09. The company had revenue of $793.00 million for the quarter, compared to the consensus estimate of $1.05 billion.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 16th. Stockholders of record on Wednesday, September 5th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, September 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.78%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Horan Capital Advisors LLC. bought a new stake in Perspecta in the second quarter valued at about $190,000. Bank of New York Mellon Corp bought a new stake in Perspecta in the second quarter valued at about $41,322,000. Advisors Asset Management Inc. bought a new stake in Perspecta in the second quarter valued at about $107,000. Public Employees Retirement System of Ohio bought a new stake in Perspecta in the second quarter valued at about $207,000. Finally, Davidson Kempner Capital Management LP bought a new stake in Perspecta in the second quarter valued at about $21,112,000.

About Perspecta (NASDAQ:PRSP)

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