Boston Advisors LLC decreased its position in CSRA Inc. (NYSE:CSRA) by 72.5% during the second quarter, Holdings Channel reports. The firm owned 49,825 shares of the company’s stock after selling 131,390 shares during the period. Boston Advisors LLC’s holdings in CSRA were worth $1,167,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alpha Windward LLC boosted its position in CSRA by 233.8% in the second quarter. Alpha Windward LLC now owns 4,560 shares of the company’s stock worth $107,000 after buying an additional 3,194 shares during the period. Oakbrook Investments LLC boosted its position in CSRA by 14.9% in the second quarter. Oakbrook Investments LLC now owns 8,877 shares of the company’s stock worth $208,000 after buying an additional 1,150 shares during the period. Capstone Asset Management Co. boosted its position in CSRA by 2.3% in the second quarter. Capstone Asset Management Co. now owns 9,901 shares of the company’s stock worth $232,000 after buying an additional 220 shares during the period. QUANTRES ASSET MANAGEMENT Ltd purchased a new position in CSRA during the second quarter worth approximately $351,000. Finally, IBM Retirement Fund boosted its position in CSRA by 18.4% in the second quarter. IBM Retirement Fund now owns 16,515 shares of the company’s stock worth $387,000 after buying an additional 2,564 shares during the period. Institutional investors own 86.89% of the company’s stock.
Shares of CSRA Inc. (NYSE:CSRA) traded down 0.59% during mid-day trading on Friday, hitting $26.90. The stock had a trading volume of 913,013 shares. CSRA Inc. has a 12-month low of $20.98 and a 12-month high of $33.44. The company’s 50 day moving average price is $26.17 and its 200 day moving average price is $25.45. The stock has a market cap of $4.40 billion and a P/E ratio of 51.73.
CSRA (NYSE:CSRA) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.04. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. CSRA’s revenue was down 4.8% on a year-over-year basis. Equities research analysts predict that CSRA Inc. will post $1.97 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Wednesday, August 31st will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, August 29th. This represents a $0.40 annualized dividend and a dividend yield of 1.49%.
Several brokerages have recently issued reports on CSRA. Jefferies Group reiterated a “buy” rating and issued a $35.00 price objective on shares of CSRA in a research note on Thursday, September 15th. Zacks Investment Research upgraded CSRA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Finally, Wells Fargo & Co. reiterated an “outperform” rating and issued a $32.00 price objective on shares of CSRA in a research note on Saturday, June 25th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $33.22.
In related news, EVP John Reing sold 12,926 shares of CSRA stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $26.63, for a total transaction of $344,219.38. Following the transaction, the executive vice president now owns 33,895 shares in the company, valued at approximately $902,623.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lawrence B. Prior III bought 3,810 shares of CSRA stock in a transaction that occurred on Tuesday, September 13th. The shares were acquired at an average price of $26.22 per share, for a total transaction of $99,898.20. Following the acquisition, the insider now directly owns 26,142 shares in the company, valued at approximately $685,443.24. The disclosure for this purchase can be found here. Corporate insiders own 1.10% 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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