Investment House LLC maintained its position in CSRA Inc. (NYSE:CSRA) during the second quarter, Holdings Channel reports. The institutional investor owned 18,580 shares of the company’s stock at the end of the second quarter. Investment House LLC’s holdings in CSRA were worth $435,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSRA. Bank of Montreal Can bought a new position in CSRA during the second quarter worth $13,051,000. Oakbrook Investments LLC raised 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. IBM Retirement Fund raised 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. Delta Asset Management LLC TN raised its position in CSRA by 4.4% in the second quarter. Delta Asset Management LLC TN now owns 147,016 shares of the company’s stock worth $3,445,000 after buying an additional 6,175 shares during the period. Finally, Reinhart Partners Inc. bought a new position in CSRA during the second quarter worth $1,796,000. Institutional investors own 86.89% of the company’s stock.
CSRA Inc. (NYSE:CSRA) traded up 0.74% during mid-day trading on Thursday, hitting $27.13. The company’s stock had a trading volume of 1,613,734 shares. The company has a market cap of $4.44 billion and a P/E ratio of 52.17. CSRA Inc. has a 12-month low of $20.98 and a 12-month high of $33.44. The firm’s 50-day moving average is $26.01 and its 200-day moving average is $25.38.
CSRA (NYSE:CSRA) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. The firm earned $1.25 billion during the quarter, compared to analysts’ expectations of $1.26 billion. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. Analysts predict that CSRA Inc. will post $1.97 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Wednesday, August 31st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, August 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.47%.
CSRA has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price objective on CSRA from $41.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, May 26th. SunTrust Banks Inc. reduced their price objective on CSRA from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, May 27th. Wells Fargo & Co. reaffirmed an “outperform” rating and set a $32.00 price objective on shares of CSRA in a research report on Saturday, June 25th. Zacks Investment Research lowered CSRA from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $35.00 price objective on shares of CSRA in a research report on Thursday, September 15th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $33.22.
In other CSRA news, Director John M. Lawrie sold 48,000 shares of the company’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $26.47, for a total transaction of $1,270,560.00. Following the completion of the sale, the director now owns 450,113 shares in the company, valued at $11,914,491.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Lawrence B. Prior III bought 3,918 shares of the stock in a transaction on Tuesday, August 30th. The shares were bought at an average price of $25.54 per share, with a total value of $100,065.72. Following the acquisition, the insider now owns 20,614 shares of the company’s stock, valued at $526,481.56. The disclosure for this purchase can be found here. 1.10% of the stock is owned by corporate insiders.
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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