CSRA Inc. (CSRA) Shares Sold by Metropolitan Life Insurance Co. NY
Metropolitan Life Insurance Co. NY reduced its position in CSRA Inc. (NYSE:CSRA) by 1.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,958 shares of the technology company’s stock after selling 1,228 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in CSRA were worth $2,313,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of CSRA. Ameritas Investment Partners Inc. bought a new stake in CSRA during the first quarter valued at $102,000. Simplex Trading LLC increased its stake in CSRA by 9,713.2% in the first quarter. Simplex Trading LLC now owns 6,673 shares of the technology company’s stock valued at $195,000 after buying an additional 6,605 shares in the last quarter. WINTON GROUP Ltd increased its stake in CSRA by 4.2% in the first quarter. WINTON GROUP Ltd now owns 7,478 shares of the technology company’s stock valued at $201,000 after buying an additional 303 shares in the last quarter. Suntrust Banks Inc. increased its stake in CSRA by 10.0% in the first quarter. Suntrust Banks Inc. now owns 7,095 shares of the technology company’s stock valued at $206,000 after buying an additional 646 shares in the last quarter. Finally, LS Investment Advisors LLC increased its stake in CSRA by 28.5% in the first quarter. LS Investment Advisors LLC now owns 8,088 shares of the technology company’s stock valued at $237,000 after buying an additional 1,796 shares in the last quarter. 93.70% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CSRA Inc. (CSRA) opened at 32.89 on Tuesday. The firm’s 50-day moving average is $30.83 and its 200 day moving average is $30.45. The firm has a market capitalization of $5.37 billion, a PE ratio of 17.88 and a beta of 1.93. CSRA Inc. has a 52 week low of $24.38 and a 52 week high of $33.54.
CSRA (NYSE:CSRA) last announced its earnings results on Wednesday, May 24th. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. CSRA had a net margin of 6.09% and a return on equity of 128.47%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share. On average, equities analysts forecast 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 Wednesday, July 12th. Stockholders of record on Thursday, June 15th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.22%. CSRA’s dividend payout ratio (DPR) is presently 21.86%.
Several research firms have weighed in on CSRA. Royal Bank Of Canada boosted their target price on shares of CSRA from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, May 25th. Zacks Investment Research downgraded shares of CSRA from a “buy” rating to a “hold” rating in a research report on Monday, May 22nd. Finally, Evercore ISI began coverage on shares of CSRA in a research report on Tuesday, April 4th. They set an “outperform” rating and a $34.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. CSRA presently has an average rating of “Buy” and an average price target of $34.63.
In other CSRA news, insider Lawrence B. Prior III bought 49,500 shares of the stock in a transaction dated Friday, June 2nd. The shares were acquired at an average cost of $30.50 per share, for a total transaction of $1,509,750.00. Following the completion of the transaction, the insider now owns 76,270 shares in the company, valued at approximately $2,326,235. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David F. Keffer sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $30.08, for a total transaction of $601,600.00. Following the transaction, the chief financial officer now owns 8,202 shares in the company, valued at $246,716.16. The disclosure for this sale can be found here. Company insiders own 0.40% 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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