18,477 Shares in CSRA Inc. (CSRA) Acquired by Mason Street Advisors LLC
Mason Street Advisors LLC bought a new position in CSRA Inc. (NYSE:CSRA) during the second quarter, Holdings Channel reports. The institutional investor bought 18,477 shares of the company’s stock, valued at approximately $433,000.
Several other hedge funds also recently modified their holdings of CSRA. Allianz Asset Management AG increased its position in shares of CSRA by 475.5% in the second quarter. Allianz Asset Management AG now owns 1,994,890 shares of the company’s stock worth $46,741,000 after buying an additional 1,648,232 shares in the last quarter. William Blair Investment Management LLC increased its position 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 worth $185,626,000 after buying an additional 1,637,865 shares in the last quarter. FMR LLC increased its position in shares of CSRA by 28.6% in the second quarter. FMR LLC now owns 6,572,354 shares of the company’s stock worth $153,991,000 after buying an additional 1,462,353 shares in the last quarter. Franklin Resources Inc. increased its position in shares of CSRA by 30.5% in the second quarter. Franklin Resources Inc. now owns 4,458,707 shares of the company’s stock worth $104,467,000 after buying an additional 1,041,400 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its position in shares of CSRA by 37.2% in the second quarter. Point72 Asset Management L.P. now owns 3,822,600 shares of the company’s stock worth $89,564,000 after buying an additional 1,036,600 shares in the last quarter. Hedge funds and other institutional investors own 86.89% of the company’s stock.
CSRA Inc. (NYSE:CSRA) opened at 26.61 on Thursday. The stock has a market capitalization of $4.35 billion and a price-to-earnings ratio of 51.17. CSRA Inc. has a 12 month low of $20.98 and a 12 month high of $33.44. The company has a 50-day moving average price of $26.25 and a 200 day moving average price of $25.50.
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 Zacks’ consensus estimate of $0.47 by $0.04. The business earned $1.25 billion during the quarter, compared to analysts’ expectations of $1.26 billion. The firm’s revenue was down 4.8% on a year-over-year basis. Equities analysts predict that CSRA Inc. will post $1.97 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Wednesday, August 31st were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Monday, August 29th.
Several equities research analysts recently commented on CSRA shares. Wells Fargo & Co. reaffirmed an “outperform” rating and issued a $32.00 price target on shares of CSRA in a report on Saturday, June 25th. Zacks Investment Research cut CSRA from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $35.00 price target on shares of CSRA in a report on Thursday, September 15th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $33.22.
In other news, insider Lawrence B. Prior III purchased 3,918 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The shares were acquired at an average price of $25.54 per share, with a total value of $100,065.72. Following the purchase, the insider now directly owns 20,614 shares of the company’s stock, valued at $526,481.56. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John M. Lawrie sold 48,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 450,113 shares in the company, valued at approximately $11,914,491.11. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
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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