American Century Companies Inc. Lowers Stake in CSRA Inc. (CSRA)
American Century Companies Inc. lowered its stake in CSRA Inc. (NYSE:CSRA) by 31.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 733,841 shares of the technology company’s stock after selling 337,105 shares during the period. American Century Companies Inc. owned approximately 0.45% of CSRA worth $23,299,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of 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. FMR LLC increased its position in shares of 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. Vanguard Group Inc. increased its position in shares of 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. Prudential Financial Inc. increased its position in shares of CSRA by 551.3% in the first quarter. Prudential Financial Inc. now owns 1,249,629 shares of the technology company’s stock valued at $36,602,000 after buying an additional 1,057,757 shares during the period. Finally, Causeway Capital Management LLC increased its position in shares of 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. Institutional investors and hedge funds own 92.43% of the company’s stock.
Shares of CSRA Inc. (CSRA) opened at 31.92 on Friday. The company has a market capitalization of $5.22 billion, a PE ratio of 16.62 and a beta of 1.95. The firm’s 50-day moving average price is $32.34 and its 200 day moving average price is $30.59. CSRA Inc. has a one year low of $24.48 and a one year high of $33.67.
CSRA (NYSE:CSRA) last announced its quarterly earnings results 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. CSRA had a return on equity of 101.22% and a net margin of 6.36%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the firm posted $0.48 earnings per share. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. Analysts anticipate that CSRA Inc. will post $1.96 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders 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 1.25%. The ex-dividend date of this dividend is Friday, August 25th. CSRA’s payout ratio is 20.94%.
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CSRA has been the topic of several research reports. Zacks Investment Research downgraded shares of CSRA from a “buy” rating to a “hold” rating in a research report on Monday, May 22nd. Royal Bank Of Canada upped their price target on shares of CSRA from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, May 25th. Finally, Cowen and Company reiterated a “market perform” rating and set a $35.00 price target (up previously from $32.00) on shares of CSRA in a research report on Thursday, August 10th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. CSRA currently has an average rating of “Buy” and an average price target of $35.38.
In other news, EVP George Batsakis sold 28,392 shares of CSRA stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $31.42, for a total transaction of $892,076.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Craig L. Martin purchased 20,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were purchased 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 directly owns 33,500 shares of the company’s stock, valued at approximately $1,082,385. The disclosure for this purchase can be found here. Company 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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