CSRA Inc. (CSRA) Holdings Held by IHT Wealth Management LLC
IHT Wealth Management LLC held its stake in CSRA Inc. (NYSE:CSRA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 117 shares of the technology company’s stock at the close of the 2nd quarter. IHT Wealth Management LLC’s holdings in CSRA were worth $130,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of CSRA. BlackRock Inc. grew its stake in CSRA by 5,792.2% in the 1st quarter. BlackRock Inc. now owns 8,355,071 shares of the technology company’s stock valued at $244,721,000 after acquiring an additional 8,213,272 shares during the last quarter. Vanguard Group Inc. grew its stake in CSRA by 9.5% in the 1st quarter. Vanguard Group Inc. now owns 19,326,634 shares of the technology company’s stock valued at $566,078,000 after acquiring an additional 1,676,207 shares during the last quarter. Causeway Capital Management LLC grew its stake in CSRA by 16.7% in the 1st quarter. Causeway Capital Management LLC now owns 5,686,079 shares of the technology company’s stock valued at $189,902,000 after acquiring an additional 815,575 shares during the last quarter. Prudential PLC grew its stake in CSRA by 42.5% in the 2nd quarter. Prudential PLC now owns 2,450,600 shares of the technology company’s stock valued at $77,807,000 after acquiring an additional 730,300 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in CSRA by 51.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 979,843 shares of the technology company’s stock valued at $31,111,000 after acquiring an additional 331,532 shares during the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.
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CSRA Inc. (CSRA) traded down 0.42% during midday trading on Thursday, hitting $30.90. 102,761 shares of the company’s stock traded hands. The company has a market capitalization of $5.05 billion, a PE ratio of 16.09 and a beta of 1.95. The company has a 50 day moving average of $31.85 and a 200-day moving average of $31.07. CSRA Inc. has a 52 week low of $24.48 and a 52 week high of $33.67.
CSRA (NYSE:CSRA) last released its earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share for the quarter, beating 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 company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the previous year, the business posted $0.48 EPS. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities research analysts predict that CSRA Inc. will post $1.96 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, August 29th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, August 25th. This represents a $0.40 annualized dividend and a yield of 1.29%. CSRA’s dividend payout ratio (DPR) is presently 20.94%.
A number of brokerages recently commented on CSRA. BidaskClub cut shares of CSRA from a “hold” rating to a “sell” rating in a research note on Saturday, October 7th. Jefferies Group LLC reissued a “hold” rating and issued a $35.00 price objective on shares of CSRA in a research note on Thursday, October 5th. Vertical Research cut shares of CSRA from a “hold” rating to a “sell” rating and set a $31.00 price target on the stock. in a research note on Tuesday, October 3rd. Cowen and Company reaffirmed a “hold” rating and set a $35.00 price target on shares of CSRA in a research note on Monday, September 18th. Finally, Zacks Investment Research cut shares of CSRA from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $35.89.
In other news, Director Craig L. Martin purchased 20,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was acquired at an average price of $32.31 per share, with a total value of $646,200.00. Following the purchase, the director now owns 33,500 shares in the company, valued at approximately $1,082,385. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Reing sold 20,298 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 4,587 shares of the company’s stock, valued at approximately $145,967,514. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.
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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