Perspecta Inc (PRSP) Position Lessened by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank lowered its position in shares of Perspecta Inc (NASDAQ:PRSP) by 14.4% in the first quarter, HoldingsChannel reports. The firm owned 8,627 shares of the company’s stock after selling 1,451 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Perspecta were worth $174,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in PRSP. Norges Bank acquired a new stake in shares of Perspecta during the 4th quarter worth about $35,504,000. Deprince Race & Zollo Inc. acquired a new stake in shares of Perspecta during the 1st quarter worth about $18,745,000. Oregon Public Employees Retirement Fund increased its position in shares of Perspecta by 1,647.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 970,485 shares of the company’s stock worth $56,000 after purchasing an additional 914,939 shares in the last quarter. Lancaster Investment Management LLP acquired a new stake in shares of Perspecta during the 4th quarter worth about $9,018,000. Finally, Elliott Management Corp acquired a new stake in shares of Perspecta during the 4th quarter worth about $8,821,000.
In other Perspecta news, CEO John M. Curtis purchased 9,578 shares of the stock in a transaction dated Monday, March 25th. The stock was bought at an average price of $20.76 per share, for a total transaction of $198,839.28. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO John Kavanaugh purchased 2,398 shares of the stock in a transaction dated Thursday, March 21st. The shares were acquired at an average price of $21.08 per share, with a total value of $50,549.84. The disclosure for this purchase can be found here. Insiders acquired a total of 20,970 shares of company stock valued at $450,567 in the last 90 days.
Perspecta (NASDAQ:PRSP) last posted its quarterly earnings data 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. The company’s revenue was up 48.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 EPS.
Several equities research analysts have weighed in on PRSP shares. Cowen restated a “buy” rating and issued a $28.00 price objective on shares of Perspecta in a research report on Wednesday, February 13th. Goldman Sachs Group started 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $25.50.
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