CSRA Inc. (CSRA) Stake Decreased by Scout Investments Inc.
Scout Investments Inc. reduced its stake in CSRA Inc. (NYSE:CSRA) by 20.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 734,545 shares of the technology company’s stock after selling 192,118 shares during the period. Scout Investments Inc. owned about 0.45% of CSRA worth $23,322,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in CSRA. Vanguard Group Inc. increased its position in CSRA by 9.5% in the first quarter. Vanguard Group Inc. now owns 19,326,634 shares of the technology company’s stock valued at $566,078,000 after buying an additional 1,676,207 shares during the period. FMR LLC increased its position in CSRA by 24.2% in the first quarter. FMR LLC now owns 16,529,060 shares of the technology company’s stock valued at $484,137,000 after buying an additional 3,219,519 shares during the period. William Blair Investment Management LLC increased its position in CSRA by 4.9% in the first quarter. William Blair Investment Management LLC now owns 9,515,724 shares of the technology company’s stock valued at $278,716,000 after buying an additional 445,335 shares during the period. BlackRock Inc. increased its position in CSRA by 5,792.2% in the first quarter. BlackRock Inc. now owns 8,355,071 shares of the technology company’s stock valued at $244,721,000 after buying an additional 8,213,272 shares during the period. Finally, Causeway Capital Management LLC increased its position in CSRA by 16.7% in the first quarter. Causeway Capital Management LLC now owns 5,686,079 shares of the technology company’s stock valued at $189,902,000 after buying an additional 815,575 shares during the period. 92.43% of the stock is currently owned by hedge funds and other institutional investors.
CSRA Inc. (CSRA) traded up 0.19% during midday trading on Wednesday, reaching $31.32. 63,561 shares of the company were exchanged. The stock has a market capitalization of $5.12 billion, a P/E ratio of 16.31 and a beta of 1.94. CSRA Inc. has a 52 week low of $24.48 and a 52 week high of $33.67. The firm’s 50 day moving average price is $32.47 and its 200-day moving average price is $30.57.
CSRA (NYSE:CSRA) last posted its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. CSRA had a return on equity of 101.22% and a net margin of 6.36%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 earnings per share. Equities analysts forecast that CSRA Inc. will post $1.96 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, August 29th will be paid 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 is Friday, August 25th. CSRA’s payout ratio is currently 20.94%.
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A number of research firms recently issued reports on CSRA. Zacks Investment Research downgraded shares of CSRA from a “buy” rating to a “hold” rating in a research note on Monday, May 22nd. Royal Bank Of Canada reaffirmed a “buy” rating on shares of CSRA in a research note on Tuesday, August 15th. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $35.00 price target (up previously from $32.00) on shares of CSRA in a research note on Thursday, August 10th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $35.38.
In other CSRA news, EVP George Batsakis sold 28,392 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $31.42, for a total value of $892,076.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lawrence B. Prior III purchased 49,500 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was acquired at an average cost of $30.50 per share, for a total transaction of $1,509,750.00. Following the completion of the purchase, the insider now owns 76,270 shares in the company, valued at approximately $2,326,235. The disclosure for this purchase can be found here. 0.40% of the stock is owned by company insiders.
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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