Wells Fargo & Company MN Has $13,886,000 Position in CSRA Inc. (CSRA)
Wells Fargo & Company MN boosted its stake in shares of CSRA Inc. (NYSE:CSRA) by 241.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 516,239 shares of the company’s stock after buying an additional 365,112 shares during the period. Wells Fargo & Company MN owned about 0.32% of CSRA worth $13,886,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. purchased a new position in shares of CSRA during the second quarter valued at $17,972,000. Retirement Systems of Alabama increased its position in shares of CSRA by 1.5% in the second quarter. Retirement Systems of Alabama now owns 69,931 shares of the company’s stock valued at $1,638,000 after buying an additional 1,057 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of CSRA during the second quarter valued at $13,051,000. Oakbrook Investments LLC increased its position in shares of CSRA by 14.9% in the second quarter. Oakbrook Investments LLC now owns 8,877 shares of the company’s stock valued at $208,000 after buying an additional 1,150 shares during the last quarter. Finally, IBM Retirement Fund increased its position in shares of CSRA by 18.4% in the second quarter. IBM Retirement Fund now owns 16,515 shares of the company’s stock valued at $387,000 after buying an additional 2,564 shares during the last quarter. 89.05% of the stock is owned by hedge funds and other institutional investors.
Shares of CSRA Inc. (NYSE:CSRA) traded down 0.03% during mid-day trading on Monday, hitting $31.92. The stock had a trading volume of 1,545,522 shares. The company has a 50-day moving average of $27.64 and a 200 day moving average of $25.88. The firm has a market cap of $5.22 billion and a price-to-earnings ratio of 48.07. CSRA Inc. has a one year low of $20.98 and a one year high of $32.60.
CSRA (NYSE:CSRA) last announced its earnings results on Wednesday, November 9th. The company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.10. CSRA had a return on equity of 200.99% and a net margin of 2.43%. The business earned $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. The business’s quarterly revenue was up 30.3% compared to the same quarter last year. On average, equities research analysts forecast that CSRA Inc. will post $2.03 earnings per share for the current year.
Several brokerages recently weighed in on CSRA. Zacks Investment Research downgraded shares of CSRA from a “buy” rating to a “hold” rating in a research note on Tuesday, November 22nd. Drexel Hamilton initiated coverage on shares of CSRA in a research note on Tuesday, November 22nd. They set a “buy” rating and a $38.00 price objective for the company. Finally, Jefferies Group reaffirmed a “buy” rating and set a $35.00 price objective on shares of CSRA in a research note on Thursday, September 15th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $34.20.
In related news, insider Lawrence B. Prior III purchased 3,918 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The stock was acquired at an average price of $25.54 per share, for a total transaction of $100,065.72. Following the transaction, the insider now directly owns 20,614 shares of the company’s stock, valued at approximately $526,481.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Reing sold 12,926 shares of the stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $26.63, for a total value of $344,219.38. Following the completion of the transaction, the executive vice president now owns 33,895 shares of the company’s stock, valued at approximately $902,623.85. The disclosure for this sale can be found here. Corporate 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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