Bank of Montreal Can Takes Position in CSRA Inc. (CSRA)
Bank of Montreal Can acquired a new position in shares of CSRA Inc. (NYSE:CSRA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 556,995 shares of the company’s stock, valued at approximately $13,051,000. Bank of Montreal Can owned 0.34% of CSRA at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Oakbrook Investments LLC raised its stake in CSRA by 14.9% in the second quarter. Oakbrook Investments LLC now owns 8,877 shares of the company’s stock worth $208,000 after buying an additional 1,150 shares during the period. IBM Retirement Fund raised its stake in CSRA by 18.4% in the second quarter. IBM Retirement Fund now owns 16,515 shares of the company’s stock worth $387,000 after buying an additional 2,564 shares during the period. Delta Asset Management LLC TN raised its stake in CSRA by 4.4% in the second quarter. Delta Asset Management LLC TN now owns 147,016 shares of the company’s stock worth $3,445,000 after buying an additional 6,175 shares during the period. Reinhart Partners Inc. acquired a new stake in CSRA during the second quarter worth $1,796,000. Finally, Hartford Investment Management Co. raised its stake in CSRA by 81.2% in the second quarter. Hartford Investment Management Co. now owns 55,749 shares of the company’s stock worth $1,306,000 after buying an additional 24,976 shares during the period. 86.89% of the stock is owned by hedge funds and other institutional investors.
CSRA Inc. (NYSE:CSRA) traded down 0.59% during trading on Friday, reaching $26.90. The company’s stock had a trading volume of 913,013 shares. CSRA Inc. has a 1-year low of $20.98 and a 1-year high of $33.44. The company’s 50-day moving average is $26.17 and its 200-day moving average is $25.45. The company has a market capitalization of $4.40 billion and a P/E ratio of 51.73.
CSRA (NYSE:CSRA) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.04. The company earned $1.25 billion during the quarter, compared to analysts’ expectations of $1.26 billion. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. Equities analysts anticipate that CSRA Inc. will post $1.97 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Wednesday, August 31st will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, August 29th. This represents a $0.40 annualized dividend and a yield of 1.49%.
Several analysts have commented on CSRA shares. Jefferies Group reiterated a “buy” rating and issued a $35.00 price target on shares of CSRA in a report on Thursday, September 15th. Zacks Investment Research downgraded shares of CSRA from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th. Finally, Wells Fargo & Co. reiterated an “outperform” rating and issued a $32.00 price target on shares of CSRA in a report on Saturday, June 25th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $33.22.
In other CSRA news, Director John M. Lawrie sold 48,000 shares of the company’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $26.47, for a total transaction of $1,270,560.00. Following the completion of the sale, the director now directly owns 450,113 shares in the company, valued at $11,914,491.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lawrence B. Prior III purchased 3,918 shares of the company’s stock in a transaction on Tuesday, August 30th. The shares were purchased at an average price of $25.54 per share, with a total value of $100,065.72. Following the completion of the purchase, the insider now directly owns 20,614 shares of the company’s stock, valued at $526,481.56. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.
CSRA Inc is a provider of information technology services to the United States federal government. The Company operates through two segments: Defense and Intelligence, and Civil. The Defense and Intelligence segment provides services to the Department of Defense (DoD), National Security Agency, branches of the Armed Forces, and other DoD and Intelligence agencies.
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