Perspecta Inc. [NYSE: PRSP] slipped around 0.0 points on Thursday, while shares priced at $29.34 at the close of the session, down 0.00%. The company report on May 7, 2021 that Veritas Capital Completes Acquisition of Perspecta.
Combination with Peraton creates leading government technology platform.
Veritas Capital (“Veritas”), a longstanding investor in companies operating at the intersection of technology and government, announced that an affiliate of Veritas has completed its previously announced acquisition of Perspecta Inc. (NYSE: PRSP) (“Perspecta”), a leading U.S. government services provider, in an all-cash transaction valued at $7.1 billion.
Perspecta Inc. stock is now 21.84% up from its year-to-date (YTD) trading value. PRSP Stock saw the intraday high of $29.35 and lowest of $29.33 per share. The company’s 52-week high price is 29.62, which means current price is +27.18% above from all time high which was touched on 02/22/21.
Compared to the average trading volume of 1.93M shares, PRSP reached a trading volume of 7502253 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Perspecta Inc. [PRSP]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PRSP shares is $28.23 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PRSP stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Stifel have made an estimate for Perspecta Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on February 08, 2021. The new note on the price target was released on June 09, 2020, representing the official price target for Perspecta Inc. stock.
The Average True Range (ATR) for Perspecta Inc. is set at 0.06, with the Price to Sales ratio for PRSP stock in the period of the last 12 months amounting to 1.06. The Price to Book ratio for the last quarter was 3.35, with the Price to Cash per share for the same quarter was set at 1.39. Price to Free Cash Flow for PRSP in the course of the last twelve months was 8.95 with Quick ratio for the last quarter at 0.80.
How has PRSP stock performed recently?
Perspecta Inc. [PRSP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.14. With this latest performance, PRSP shares gained by 0.62% in over the last four-week period, additionally plugging by 55.32% over the last 6 months – not to mention a rise of 38.14% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PRSP stock in for the last two-week period is set at 63.70, with the RSI for the last a single of trading hit 65.30, and the three-weeks RSI is set at 64.13 for Perspecta Inc. [PRSP]. The present Moving Average for the last 50 days of trading for this stock 29.12, while it was recorded at 29.31 for the last single week of trading, and 24.32 for the last 200 days.
Perspecta Inc. [PRSP]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Perspecta Inc. [PRSP] shares currently have an operating margin of +8.15 and a Gross Margin at +14.88. Perspecta Inc.’s Net Margin is presently recorded at -15.01.
Return on Total Capital for PRSP is now 8.17, given the latest momentum, and Return on Invested Capital for the company is -15.85. Return on Equity for this stock declined to -38.42, with Return on Assets sitting at -11.77. When it comes to the capital structure of this company, Perspecta Inc. [PRSP] has a Total Debt to Total Equity ratio set at 205.38. Additionally, PRSP Total Debt to Total Capital is recorded at 67.25, with Total Debt to Total Assets ending up at 51.56. Long-Term Debt to Equity for the company is recorded at 187.77, with the Long-Term Debt to Total Capital now at 61.49.
Reflecting on the efficiency of the workforce at the company, Perspecta Inc. [PRSP] managed to generate an average of -$48,286 per employee. Receivables Turnover for the company is 7.94 with a Total Asset Turnover recorded at a value of 0.78.Perspecta Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.
Earnings analysis for Perspecta Inc. [PRSP]
With the latest financial reports released by the company, Perspecta Inc. posted 0.55/share EPS, while the average EPS was predicted by analysts to be reported at 0.51/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 7.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PRSP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Perspecta Inc. go to 5.00%.
Insider trade positions for Perspecta Inc. [PRSP]
There are presently around $3,762 million, or 75.50% of PRSP stock, in the hands of institutional investors. The top three institutional holders of PRSP stocks are: BLACKROCK INC. with ownership of 15,725,694, which is approximately 2.348% of the company’s market cap and around 14.86% of the total institutional ownership; JANA PARTNERS LLC, holding 15,286,875 shares of the stock with an approximate value of $448.52 million in PRSP stocks shares; and VANGUARD GROUP INC, currently with $405.92 million in PRSP stock with ownership of nearly 2.619% of the company’s market capitalization.
Positions in Perspecta Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 145 institutional holders increased their position in Perspecta Inc. [NYSE:PRSP] by around 15,807,118 shares. Additionally, 202 investors decreased positions by around 11,336,947 shares, while 124 investors held positions by with 101,086,300 shares. The mentioned changes placed institutional holdings at 128,230,365 shares, according to the latest SEC report filing. PRSP stock had 65 new institutional investments in for a total of 5,432,360 shares, while 62 institutional investors sold positions of 1,301,923 shares during the same period.