Millennium Management LLC Buys 145,578 Shares of Perspecta Inc (NASDAQ:PRSP)
Millennium Management LLC grew its stake in shares of Perspecta Inc (NASDAQ:PRSP) by 21.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 837,064 shares of the company’s stock after acquiring an additional 145,578 shares during the period. Millennium Management LLC owned 0.52% of Perspecta worth $21,864,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. C M Bidwell & Associates Ltd. acquired a new stake in Perspecta during the 2nd quarter worth approximately $63,000. Alpha Windward LLC increased its position in Perspecta by 39.5% during the 2nd quarter. Alpha Windward LLC now owns 6,165 shares of the company’s stock worth $147,000 after buying an additional 1,747 shares during the period. Macquarie Group Ltd. increased its position in Perspecta by 12,264.2% during the 2nd quarter. Macquarie Group Ltd. now owns 6,553 shares of the company’s stock worth $153,000 after buying an additional 6,500 shares during the period. Highland Capital Management LLC acquired a new stake in shares of Perspecta during the third quarter worth $207,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Perspecta during the third quarter worth $211,000.
PRSP has been the topic of several research reports. Morgan Stanley upped their price target on shares of Perspecta from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Monday, September 23rd. Zacks Investment Research cut shares of Perspecta from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Perspecta currently has an average rating of “Sell” and an average price target of $23.60.
Perspecta (NASDAQ:PRSP) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the business earned $0.45 EPS. Perspecta’s revenue was up 9.7% on a year-over-year basis.
The business also recently announced a dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, December 3rd.
Perspecta Company Profile
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