Insider Selling: CSRA Inc. (CSRA) EVP Sells $892,076.64 in Stock
CSRA Inc. (NYSE:CSRA) EVP George Batsakis sold 28,392 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $31.42, for a total transaction of $892,076.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
CSRA Inc. (NYSE CSRA) opened at 31.34 on Friday. The firm has a 50-day moving average of $32.47 and a 200-day moving average of $30.57. CSRA Inc. has a 12-month low of $24.48 and a 12-month high of $33.67. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 16.32 and a beta of 1.94.
CSRA (NYSE:CSRA) last announced its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. CSRA had a return on equity of 101.22% and a net margin of 6.36%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the company earned $0.48 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities research analysts forecast that CSRA Inc. will post $1.97 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Tuesday, August 29th will be issued a $0.10 dividend. The ex-dividend date is Friday, August 25th. This represents a $0.40 annualized dividend and a dividend yield of 1.28%. CSRA’s dividend payout ratio (DPR) is currently 20.94%.
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Several large investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. acquired a new stake in shares of CSRA during the first quarter valued at about $102,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of CSRA by 52.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,698 shares of the technology company’s stock valued at $117,000 after buying an additional 1,269 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of CSRA during the second quarter valued at about $120,000. GLG Partners LP acquired a new stake in shares of CSRA during the second quarter valued at about $164,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of CSRA by 11.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,781 shares of the technology company’s stock valued at $184,000 after buying an additional 607 shares during the period. Institutional investors own 93.00% of the company’s stock.
A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of CSRA from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Tuesday, August 22nd. Royal Bank Of Canada restated a “buy” rating and issued a $38.00 target price on shares of CSRA in a report on Sunday, August 6th. Finally, Cowen and Company restated a “market perform” rating and issued a $35.00 target price (up from $32.00) on shares of CSRA in a report on Thursday, August 10th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. CSRA presently has a consensus rating of “Buy” and an average target price of $35.50.
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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