Northern Trust Corp Sells 22,419 Shares of CSRA Inc. (CSRA)
Northern Trust Corp lessened its stake in CSRA Inc. (NYSE:CSRA) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,492,763 shares of the technology company’s stock after selling 22,419 shares during the quarter. Northern Trust Corp owned approximately 0.91% of CSRA worth $47,395,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new position in shares of CSRA in the first quarter valued at approximately $102,000. Northwestern Mutual Wealth Management Co. lifted its holdings 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 purchasing an additional 1,269 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of CSRA in the second quarter valued at approximately $120,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings 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 purchasing an additional 607 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of CSRA in the first quarter valued at approximately $238,000. Institutional investors own 92.42% of the company’s stock.
In related news, Director Craig L. Martin acquired 20,000 shares of CSRA stock in a transaction dated Thursday, August 17th. The stock was purchased at an average cost of $32.31 per share, for a total transaction of $646,200.00. Following the purchase, the director now directly owns 33,500 shares of the company’s stock, valued at approximately $1,082,385. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP George Batsakis sold 28,392 shares of the company’s stock in a transaction 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. Corporate insiders own 0.40% of the company’s stock.
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A number of research firms have recently weighed in on CSRA. Jefferies Group LLC restated a “hold” rating and issued a $35.00 target price on shares of CSRA in a report on Thursday. Cowen and Company restated a “market perform” rating and issued a $35.00 target price (up previously from $32.00) on shares of CSRA in a report on Thursday, August 10th. BidaskClub upgraded CSRA from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Zacks Investment Research upgraded CSRA from a “sell” rating to a “hold” rating and set a $36.00 target price on the stock in a report on Tuesday, August 8th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $38.00 price target on shares of CSRA in a report on Sunday, August 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $35.89.
Shares of CSRA Inc. (NYSE:CSRA) opened at 31.35 on Monday. The stock has a market capitalization of $5.12 billion, a P/E ratio of 16.33 and a beta of 1.95. CSRA Inc. has a 52-week low of $24.48 and a 52-week high of $33.67. The firm has a 50-day moving average price of $31.87 and a 200-day moving average price of $31.01.
CSRA (NYSE:CSRA) last released its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share for the quarter, beating the 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 return on equity of 101.22% and a net margin of 6.36%. The company’s revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 EPS. On average, analysts predict that CSRA Inc. will post $1.97 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Tuesday, August 29th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 25th. This represents a $0.40 annualized dividend and a dividend yield of 1.28%. CSRA’s dividend payout ratio (DPR) is 20.94%.
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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