Janus Henderson Group PLC Boosts Stake in CSRA Inc. (CSRA)
Janus Henderson Group PLC increased its holdings in CSRA Inc. (NYSE:CSRA) by 6,259.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 291,753 shares of the technology company’s stock after buying an additional 287,165 shares during the period. Janus Henderson Group PLC owned about 0.18% of CSRA worth $9,263,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of CSRA. BlackRock Inc. lifted its position 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 purchasing an additional 8,213,272 shares during the last quarter. Vanguard Group Inc. lifted its position 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 purchasing an additional 1,676,207 shares during the last quarter. Causeway Capital Management LLC lifted its position 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 purchasing an additional 815,575 shares during the last quarter. Prudential PLC lifted its position 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 purchasing an additional 730,300 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position 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 purchasing an additional 331,532 shares during the last quarter. 92.42% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently weighed in on CSRA. Cowen and Company reiterated a “hold” rating and issued a $35.00 price objective on shares of CSRA in a research report on Monday, September 18th. SunTrust Banks, Inc. upgraded shares of CSRA from a “hold” rating to a “buy” rating and lifted their price objective for the company from $34.00 to $39.00 in a research report on Friday, September 15th. Zacks Investment Research upgraded shares of CSRA from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Wednesday, August 16th. Royal Bank Of Canada reiterated a “buy” rating and issued a $38.00 price objective on shares of CSRA in a research report on Sunday, August 6th. Finally, BidaskClub downgraded shares of CSRA from a “hold” rating to a “sell” rating in a research report on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $35.89.
Shares of CSRA Inc. (NYSE CSRA) opened at 31.73 on Monday. The company has a market capitalization of $5.19 billion, a P/E ratio of 16.53 and a beta of 1.95. The firm’s 50 day moving average is $31.86 and its 200-day moving average is $31.16. CSRA Inc. has a 52-week low of $24.48 and a 52-week 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, topping analysts’ consensus estimates of $0.45 by $0.03. CSRA had a net margin of 6.36% and a return on equity of 101.22%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. The company’s revenue was down 2.0% on a year-over-year basis. Equities research analysts anticipate that CSRA Inc. will post $1.96 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, August 29th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Friday, August 25th. CSRA’s dividend payout ratio is currently 20.94%.
In other CSRA 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 transaction of $645,922,956.00. Following the sale, the executive vice president now owns 4,587 shares of the company’s stock, valued at approximately $145,967,514. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Craig L. Martin acquired 20,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were bought at an average cost of $32.31 per share, for a total transaction of $646,200.00. Following the acquisition, the director now owns 33,500 shares in the company, valued at $1,082,385. The disclosure for this purchase can be found here. 0.40% of the stock is owned by corporate insiders.
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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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