Lee Danner & Bass Inc. Sells 611 Shares of Perspecta Inc (PRSP)

Lee Danner & Bass Inc. reduced its stake in shares of Perspecta Inc (NASDAQ:PRSP) by 4.7% in the first quarter, Holdings Channel reports. The institutional investor owned 12,379 shares of the company’s stock after selling 611 shares during the period. Lee Danner & Bass Inc.’s holdings in Perspecta were worth $250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Elliott Management Corp bought a new position in Perspecta during the 4th quarter worth $8,821,000. Affinity Investment Advisors LLC grew its stake in shares of Perspecta by 19.9% in the fourth quarter. Affinity Investment Advisors LLC now owns 68,563 shares of the company’s stock worth $1,181,000 after purchasing an additional 11,378 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Perspecta by 17.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,840,545 shares of the company’s stock worth $31,688,000 after purchasing an additional 270,254 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of Perspecta in the fourth quarter worth $446,000. Finally, California State Teachers Retirement System grew its stake in shares of Perspecta by 2.3% in the fourth quarter. California State Teachers Retirement System now owns 224,934 shares of the company’s stock worth $3,873,000 after purchasing an additional 5,072 shares in the last quarter.

In other news, CEO John M. Curtis bought 9,578 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was acquired at an average price of $20.76 per share, with a total value of $198,839.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John Kavanaugh bought 2,398 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were purchased at an average cost of $21.08 per share, with a total value of $50,549.84. The disclosure for this purchase can be found here. Insiders have purchased 20,970 shares of company stock valued at $450,567 in the last ninety days.

Several research analysts have recently issued reports on PRSP shares. Cowen reissued 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 started coverage on Perspecta in a research note on Thursday, May 9th. They issued a “sell” rating and a $21.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $25.50.

PRSP stock traded down $0.20 during trading hours on Tuesday, hitting $22.18. 330 shares of the stock traded hands, compared to its average volume of 725,046. Perspecta Inc has a one year low of $15.74 and a one year high of $27.68.

Perspecta (NASDAQ:PRSP) last announced its earnings results on Wednesday, February 13th. The company reported $0.44 earnings per share for the quarter, meeting the Thomson Reuters’ 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. During the same period in the prior year, the business earned $0.42 EPS. The company’s quarterly revenue was up 48.9% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Wednesday, March 27th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, March 26th. This represents a $0.20 annualized dividend and a yield of 0.90%.

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Perspecta Company Profile

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Institutional Ownership by Quarter for Perspecta (NASDAQ:PRSP)

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