Zurcher Kantonalbank Zurich Cantonalbank Boosts Position in CSRA Inc. (CSRA)
Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in CSRA Inc. (NYSE:CSRA) by 11.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 5,781 shares of the technology company’s stock after buying an additional 607 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CSRA were worth $184,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of CSRA. Ameritas Investment Partners Inc. purchased a new stake in shares of CSRA during the first quarter valued at approximately $102,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of CSRA during the second quarter valued at approximately $120,000. WINTON GROUP Ltd raised its stake in shares of CSRA by 4.2% during the first quarter. WINTON GROUP Ltd now owns 7,478 shares of the technology company’s stock valued at $201,000 after purchasing an additional 303 shares during the period. Suntrust Banks Inc. raised its stake in shares of CSRA by 10.0% during the first quarter. Suntrust Banks Inc. now owns 7,095 shares of the technology company’s stock valued at $206,000 after purchasing an additional 646 shares during the period. Finally, LS Investment Advisors LLC raised its stake in shares of CSRA by 28.5% during the first quarter. LS Investment Advisors LLC now owns 8,088 shares of the technology company’s stock valued at $237,000 after purchasing an additional 1,796 shares during the period. Hedge funds and other institutional investors own 92.43% of the company’s stock.
A number of analysts have recently issued reports on CSRA shares. Zacks Investment Research lowered shares of CSRA from a “buy” rating to a “hold” rating in a research note on Monday, May 22nd. Royal Bank Of Canada lifted their price objective on shares of 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 reiterated a “market perform” rating and set a $35.00 price objective (up previously from $32.00) on shares of CSRA in a research note on Thursday, August 10th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $36.00.
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Shares of CSRA Inc. (NYSE:CSRA) opened at 31.98 on Friday. The firm has a market cap of $5.23 billion, a P/E ratio of 16.66 and a beta of 1.95. The stock’s 50 day moving average is $32.07 and its 200-day moving average is $30.71. CSRA Inc. has a 52-week low of $24.48 and a 52-week high of $33.67.
CSRA (NYSE:CSRA) last posted its earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the company earned $0.48 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities analysts anticipate that CSRA Inc. will post $1.96 earnings per share 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 issued a dividend of $0.10 per share. The ex-dividend date is Friday, August 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.25%. CSRA’s dividend payout ratio (DPR) is presently 20.94%.
In other CSRA news, Director Craig L. Martin purchased 20,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was bought at an average cost of $32.31 per share, for a total transaction of $646,200.00. Following the completion of the acquisition, the director now directly owns 33,500 shares in the company, valued at $1,082,385. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP George Batsakis sold 28,392 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $31.42, for a total value of $892,076.64. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.
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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