Teacher Retirement System of Texas boosted its stake in shares of CSRA Inc. (NYSE:CSRA) by 13.7% during the second quarter, Holdings Channel reports. The fund owned 22,989 shares of the company’s stock after buying an additional 2,776 shares during the period. Teacher Retirement System of Texas’ holdings in CSRA were worth $539,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. William Blair Investment Management LLC raised its stake in shares of CSRA by 26.1% in the second quarter. William Blair Investment Management LLC now owns 7,922,581 shares of the company’s stock valued at $185,626,000 after buying an additional 1,637,865 shares during the last quarter. American Century Companies Inc. purchased a new stake in shares of CSRA during the second quarter valued at about $17,972,000. Bank of Montreal Can purchased a new stake in shares of CSRA during the second quarter valued at about $13,051,000. Scout Investments Inc. raised its stake in shares of CSRA by 45.3% in the second quarter. Scout Investments Inc. now owns 1,173,199 shares of the company’s stock valued at $27,488,000 after buying an additional 365,632 shares during the last quarter. Finally, SECOR Capital Advisors LP purchased a new stake in shares of CSRA during the second quarter valued at about $3,320,000. Hedge funds and other institutional investors own 86.89% of the company’s stock.
CSRA Inc. (NYSE:CSRA) traded up 0.44% during trading on Tuesday, reaching $27.11. The company had a trading volume of 186,064 shares. The firm’s 50-day moving average price is $26.20 and its 200 day moving average price is $25.48. CSRA Inc. has a one year low of $20.98 and a one year high of $33.44. The firm has a market capitalization of $4.44 billion and a P/E ratio of 52.13.
CSRA (NYSE:CSRA) last issued its earnings results on Wednesday, August 10th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.47 by $0.04. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. Equities analysts forecast that CSRA Inc. will post $1.97 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Wednesday, August 31st will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, August 29th. This represents a $0.40 annualized dividend and a yield of 1.48%.
CSRA has been the topic of several research reports. Wells Fargo & Co. restated an “outperform” rating and issued a $32.00 target price on shares of CSRA in a research note on Saturday, June 25th. Zacks Investment Research lowered CSRA from a “hold” rating to a “sell” rating in a research note on Wednesday, July 20th. Finally, Jefferies Group restated a “buy” rating and issued a $35.00 target price on shares of CSRA in a research note on Thursday, September 15th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $33.22.
In other news, Director John M. Lawrie sold 48,000 shares of the firm’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $26.47, for a total value of $1,270,560.00. Following the transaction, the director now directly owns 450,113 shares in the company, valued at approximately $11,914,491.11. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Lawrence B. Prior III purchased 3,918 shares of the company’s stock in a transaction dated Tuesday, August 30th. The stock was purchased at an average price of $25.54 per share, for a total transaction of $100,065.72. Following the completion of the purchase, the insider now owns 20,614 shares in the company, valued at $526,481.56. The disclosure for this purchase can be found here. Company 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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