Emerald Acquisition Ltd. Takes Position in CSRA Inc. (CSRA)
Emerald Acquisition Ltd. acquired a new stake in shares of CSRA Inc. (NYSE:CSRA) during the second quarter, Holdings Channel reports. The firm acquired 23,542 shares of the company’s stock, valued at approximately $551,000.
Several other institutional investors have also recently added to or reduced their stakes in the stock. American Century Companies Inc. purchased a new position in CSRA during the second quarter valued at $17,972,000. Bank of Montreal Can purchased a new position in CSRA during the second quarter valued at $13,051,000. California State Teachers Retirement System raised its position in CSRA by 14.1% in the second quarter. California State Teachers Retirement System now owns 345,883 shares of the company’s stock valued at $8,104,000 after buying an additional 42,780 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 valued at $3,445,000 after buying an additional 6,175 shares during the period. Finally, Weybosset Research & Management LLC raised its position in CSRA by 21.5% in the second quarter. Weybosset Research & Management LLC now owns 129,378 shares of the company’s stock valued at $3,031,000 after buying an additional 22,891 shares during the period. 86.87% of the stock is currently owned by institutional investors and hedge funds.
Shares of CSRA Inc. (NYSE:CSRA) traded up 1.08% during midday trading on Tuesday, hitting $26.17. The stock had a trading volume of 72,679 shares. The firm has a market cap of $4.28 billion and a PE ratio of 50.33. CSRA Inc. has a 12-month low of $20.98 and a 12-month high of $33.44. The firm has a 50-day moving average of $26.38 and a 200 day moving average of $25.54.
CSRA (NYSE:CSRA) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.51 EPS for the quarter, beating the Zacks’ 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. CSRA’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, analysts expect that CSRA Inc. will post $1.97 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Wednesday, August 31st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Monday, August 29th.
Several equities analysts recently commented on CSRA shares. Zacks Investment Research lowered CSRA from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th. Wells Fargo & Co. reaffirmed an “outperform” rating and issued a $32.00 target price on shares of CSRA in a research report on Saturday, June 25th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $35.00 target price on shares of CSRA in a research report on Thursday, September 15th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. CSRA has a consensus rating of “Buy” and an average target price of $33.22.
In other CSRA news, insider Lawrence B. Prior III bought 3,810 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The stock was purchased at an average price of $26.22 per share, for a total transaction of $99,898.20. Following the purchase, the insider now directly owns 26,142 shares in the company, valued at $685,443.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John M. Lawrie sold 48,000 shares of the stock in a transaction that occurred on 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 sale, the director now owns 450,113 shares of the company’s stock, 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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