Lawrence B. Prior III Purchases 3,810 Shares of CSRA Inc. (CSRA) Stock
CSRA Inc. (NYSE:CSRA) insider Lawrence B. Prior III acquired 3,810 shares of the business’s stock in a transaction dated Tuesday, September 13th. The stock was acquired at an average cost of $26.22 per share, for a total transaction of $99,898.20. Following the transaction, the insider now owns 26,142 shares of the company’s stock, valued at $685,443.24. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
CSRA Inc. (NYSE:CSRA) opened at 26.20 on Tuesday. The company has a 50 day moving average of $25.97 and a 200 day moving average of $25.36. CSRA Inc. has a 1-year low of $20.98 and a 1-year high of $33.44. The firm has a market capitalization of $4.29 billion and a P/E ratio of 50.38.
CSRA (NYSE:CSRA) last issued its earnings results on Wednesday, August 10th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The firm earned $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. The company’s quarterly revenue was down 4.8% on a year-over-year basis. On average, equities research analysts anticipate that CSRA Inc. will post $1.97 earnings per share for the current year.
The company 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 $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Monday, August 29th.
Several institutional investors have recently modified their holdings of the company. Exxonmobil Investment Management Inc. TX boosted its position in shares of CSRA by 7.0% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 35,507 shares of the company’s stock worth $832,000 after buying an additional 2,328 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in shares of CSRA by 1.9% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 117,810 shares of the company’s stock worth $2,760,000 after buying an additional 2,196 shares in the last quarter. Alpha Windward LLC boosted its position in shares of 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 in the last quarter. Capstone Asset Management Co. boosted its position in shares of 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 in the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd purchased a new position in shares of CSRA during the second quarter worth about $351,000. Institutional investors own 86.88% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Jefferies Group restated a “buy” rating and set a $35.00 target price on shares of CSRA in a report on Thursday, September 15th. Zacks Investment Research upgraded shares of CSRA from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. Wells Fargo & Co. restated an “outperform” rating and set a $32.00 target price on shares of CSRA in a report on Saturday, June 25th. SunTrust Banks Inc. lowered their target price on shares of CSRA from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, May 27th. Finally, Stifel Nicolaus decreased their price objective on shares of CSRA from $41.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, May 26th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. CSRA presently has an average rating of “Buy” and a consensus target price of $33.22.
CSRA Inc, formerly Computer Sciences Government Services Inc, is a provider of information technology services. The Company offers mission- and operations-related services across the United States federal government to Department of Defense (DoD), Intelligence Community and homeland security, civil and healthcare agencies.
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