Barry Rosenstein and Jana Partners’ 5 Top Stock Picks

2. Perspecta Inc. (NYSE: PRSP)

The information technology company Perspecta Inc. (NYSE: PRSP) is the second-largest stock holding of Jana Partners. The hedge fund has been increasing its position in Perspecta despite underperformance in 2020.

The share price of information technology company fell 13% in 2020. Perspecta has reported a 2.5% year over year decline in September quarter revenue. On the positive side, the company offers more than a 1.5% dividend yield to investors. It currently offers a quarterly dividend of $0.28 per share.

Besides Jana Partners that has raised its stake in Perspecta by 8% in the latest quarter, other hedge funds are less bullish on the information technology company. It was in 36 hedge funds’ portfolios at the end of September compared to the all-time high of 50.