Vanguard Group Inc. reduced its position in shares of CSRA Inc. (NYSE:CSRA) by 4.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,396,967 shares of the company’s stock after selling 754,215 shares during the period. Vanguard Group Inc. owned approximately 10.04% of CSRA worth $384,181,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of CSRA. William Blair Investment Management LLC increased 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. Prudential Financial Inc. increased its stake in shares of CSRA by 389.0% in the second quarter. Prudential Financial Inc. now owns 1,097,790 shares of the company’s stock valued at $25,721,000 after buying an additional 873,276 shares during the last quarter. American Century Companies Inc. acquired a new stake in shares of CSRA during the second quarter valued at approximately $17,972,000. Bank of Montreal Can acquired a new stake in shares of CSRA during the second quarter valued at approximately $13,051,000. Finally, Scout Investments Inc. increased 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. 86.89% of the stock is currently owned by institutional investors.
CSRA Inc. (NYSE:CSRA) traded down 0.64% during trading on Thursday, reaching $26.44. The company had a trading volume of 30,281 shares. The company has a 50-day moving average price of $26.25 and a 200 day moving average price of $25.50. CSRA Inc. has a one year low of $20.98 and a one year high of $33.44. The company has a market capitalization of $4.33 billion and a price-to-earnings ratio of 50.85.
CSRA (NYSE:CSRA) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.04. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. Analysts expect that CSRA Inc. will post $1.97 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Wednesday, August 31st were issued a $0.10 dividend. The ex-dividend date was Monday, August 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.50%.
Several analysts recently commented on the company. Jefferies Group reaffirmed a “buy” rating and set a $35.00 price objective on shares of CSRA in a research note on Thursday, September 15th. Zacks Investment Research raised CSRA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Finally, Wells Fargo & Co. reaffirmed an “outperform” rating and set a $32.00 price objective on shares of CSRA in a research note on Saturday, June 25th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $33.22.
In other CSRA news, Director John M. Lawrie sold 48,000 shares of the company’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $26.47, for a total value of $1,270,560.00. Following the completion of the sale, the director now directly owns 450,113 shares of the company’s stock, valued at approximately $11,914,491.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lawrence B. Prior III acquired 3,810 shares of CSRA stock in a transaction on Tuesday, September 13th. The stock was purchased at an average cost of $26.22 per share, with a total value of $99,898.20. Following the completion of the transaction, 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. 1.10% of the stock is currently owned by corporate insiders.
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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