CSRA Inc. (CSRA) Shares Bought by Rhumbline Advisers
Rhumbline Advisers raised its position in CSRA Inc. (NYSE:CSRA) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 290,872 shares of the technology company’s stock after buying an additional 5,637 shares during the period. Rhumbline Advisers owned about 0.18% of CSRA worth $9,235,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. US Bancorp DE increased its stake in shares of CSRA by 95.0% in the first quarter. US Bancorp DE now owns 23,778 shares of the technology company’s stock worth $696,000 after buying an additional 11,586 shares during the last quarter. Boston Partners boosted its stake in shares of CSRA by 2.2% in the first quarter. Boston Partners now owns 803,924 shares of the technology company’s stock worth $23,546,000 after buying an additional 16,942 shares during the period. American Century Companies Inc. boosted its stake in shares of CSRA by 51.8% in the first quarter. American Century Companies Inc. now owns 1,070,946 shares of the technology company’s stock worth $31,368,000 after buying an additional 365,243 shares during the period. First Trust Advisors LP boosted its stake in shares of CSRA by 236.6% in the first quarter. First Trust Advisors LP now owns 431,360 shares of the technology company’s stock worth $12,635,000 after buying an additional 303,208 shares during the period. Finally, Reinhart Partners Inc. boosted its stake in shares of CSRA by 761.2% in the first quarter. Reinhart Partners Inc. now owns 617,312 shares of the technology company’s stock worth $18,081,000 after buying an additional 545,632 shares during the period. Institutional investors and hedge funds own 93.00% of the company’s stock.
CSRA Inc. (NYSE:CSRA) opened at 31.33 on Thursday. The company’s 50 day moving average price is $32.49 and its 200 day moving average price is $30.58. The stock has a market cap of $5.12 billion, a PE ratio of 16.32 and a beta of 1.94. CSRA Inc. has a 12 month low of $24.48 and a 12 month high of $33.67.
CSRA (NYSE:CSRA) last issued its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.24 billion. CSRA had a return on equity of 101.22% and a net margin of 6.36%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.48 earnings per share. Equities analysts forecast that CSRA Inc. will post $1.97 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Tuesday, August 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, August 25th. CSRA’s payout ratio is presently 20.94%.
A number of equities research analysts have commented on CSRA shares. Zacks Investment Research cut CSRA from a “buy” rating to a “hold” rating in a research note on Monday, May 22nd. Royal Bank Of Canada raised their price objective on CSRA from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, May 25th. Finally, Cowen and Company reissued a “market perform” rating and issued a $35.00 price objective (up previously from $32.00) on shares of CSRA in a research note on Thursday, August 10th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $35.50.
In other CSRA news, insider Lawrence B. Prior III purchased 49,500 shares of CSRA stock in a transaction dated Friday, June 2nd. The shares were acquired at an average cost of $30.50 per share, with a total value of $1,509,750.00. Following the completion of the transaction, the insider now owns 76,270 shares in the company, valued at approximately $2,326,235. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO David F. Keffer sold 20,000 shares of the company’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $30.08, for a total value of $601,600.00. Following the transaction, the chief financial officer now directly owns 8,202 shares in the company, valued at $246,716.16. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.
CSRA Company Profile
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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