Prudential Financial Inc. Has $44.60 Million Position in CSRA Inc. (CSRA)
Prudential Financial Inc. boosted its position in shares of CSRA Inc. (NYSE:CSRA) by 12.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,404,564 shares of the technology company’s stock after buying an additional 154,935 shares during the period. Prudential Financial Inc. owned about 0.86% of CSRA worth $44,595,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new stake in shares of CSRA during the first quarter valued at approximately $102,000. DekaBank Deutsche Girozentrale bought a new stake in shares of CSRA during the second quarter valued at approximately $120,000. WINTON GROUP Ltd boosted its stake in shares of CSRA by 4.2% in the first quarter. WINTON GROUP Ltd now owns 7,478 shares of the technology company’s stock valued at $201,000 after buying an additional 303 shares during the last quarter. Suntrust Banks Inc. boosted its stake in shares of CSRA by 10.0% in the first quarter. Suntrust Banks Inc. now owns 7,095 shares of the technology company’s stock valued at $206,000 after buying an additional 646 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its stake in shares of CSRA by 28.5% in the first quarter. LS Investment Advisors LLC now owns 8,088 shares of the technology company’s stock valued at $237,000 after buying an additional 1,796 shares during the last quarter. Institutional investors own 92.43% of the company’s stock.
Shares of CSRA Inc. (NYSE:CSRA) opened at 31.31 on Thursday. The stock’s 50 day moving average is $32.47 and its 200 day moving average is $30.57. The stock has a market capitalization of $5.12 billion, a PE ratio of 16.31 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 data on Wednesday, August 9th. The technology company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. CSRA had a net margin of 6.36% and a return on equity of 101.22%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.48 EPS. Analysts anticipate that CSRA Inc. will post $1.96 earnings per share for the current fiscal year.
The firm 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 $0.10 dividend. The ex-dividend date of this dividend is Friday, August 25th. This represents a $0.40 dividend on an annualized basis and a yield of 1.28%. CSRA’s payout ratio is 20.94%.
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Several brokerages have commented on CSRA. Royal Bank Of Canada reiterated a “buy” rating on shares of CSRA in a research note on Tuesday, August 15th. Zacks Investment Research upgraded shares of CSRA from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Wednesday, August 16th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $35.00 price target (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 assigned a buy rating to the company’s stock. CSRA presently has a consensus rating of “Buy” and a consensus target price of $35.38.
In related news, EVP John Reing sold 20,298 shares of the stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $31,822.00, for a total value of $645,922,956.00. Following the sale, the executive vice president now directly owns 4,587 shares of the company’s stock, valued at approximately $145,967,514. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Craig L. Martin acquired 20,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was acquired at an average cost of $32.31 per share, for a total transaction of $646,200.00. Following the completion of the purchase, the director now owns 33,500 shares in the company, valued at approximately $1,082,385. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by corporate 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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