Is Perspecta (PRSP) Stock a Buy For 2021?

Carillon Eagle Mid Cap Growth Fund recently released its Q3 2020 Investor Letter, a copy of which you can download here. You should check out Carillon Eagle Mid Cap Growth Fund’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.

In the Q3 2020 Investor Letter, Carillon Eagle Mid Cap Growth Fund highlighted a few stocks and Perspecta Inc. (NYSE:PRSP) is one of them. Perspecta Inc. (NYSE:PRSP) is a government services company. In the last one year, Perspecta Inc. (NYSE:PRSP) stock lost 8.6% and on December 31st it had a closing price of $24.08. Here is what Carillon Eagle Mid Cap Growth Fund said:

“Perspecta provides end-to-end enterprise information technology services to government customers across the U.S. federal, state, and local markets. Investors were disappointed as the company has been unable to accelerate revenue growth after an unforeseen loss of a major contract in the earlier part of the year. We remain shareholders due to the combination of healthy project wins that foreshadow growth, very attractive valuation vs. peers, and activist investor involvement.”

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Last month, we published an article revealing that Perspecta Inc. (NYSE:PRSP) was one of Barry Rosenstein and Jana Partners’ top stock picks for 2021.

In Q3 2020, the number of bullish hedge fund positions on Perspecta Inc. (NYSE:PRSP) stock decreased by about 22% from the previous quarter (see the chart here), so a number of other hedge fund managers don’t believe in Perspecta’s growth potential. Our calculations showed that Perspecta Inc. (NYSE:PRSP) isn’t ranked among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 216% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 121 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

Video: Top 5 Stocks Among Hedge Funds

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Disclosure: None. This article is originally published at Insider Monkey.