CSRA Inc. (NYSE:CSRA) Position Maintained by Spark Investment Management LLC
Spark Investment Management LLC held its stake in CSRA Inc. (NYSE:CSRA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,400 shares of the technology company’s stock at the end of the second quarter. Spark Investment Management LLC’s holdings in CSRA were worth $1,695,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in CSRA. Vista Equity Partners Management LLC increased its stake in CSRA by 36.0% in the first quarter. Vista Equity Partners Management LLC now owns 590,857 shares of the technology company’s stock valued at $17,306,000 after buying an additional 156,434 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in CSRA by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 127,262 shares of the technology company’s stock valued at $3,728,000 after buying an additional 3,858 shares during the last quarter. BlackRock Inc. increased its stake in CSRA by 5,792.2% in the first quarter. BlackRock Inc. now owns 8,355,071 shares of the technology company’s stock valued at $244,721,000 after buying an additional 8,213,272 shares during the last quarter. State Street Corp increased its stake in CSRA by 2.5% in the first quarter. State Street Corp now owns 5,264,072 shares of the technology company’s stock valued at $154,192,000 after buying an additional 128,783 shares during the last quarter. Finally, United Services Automobile Association increased its stake in CSRA by 0.9% in the first quarter. United Services Automobile Association now owns 45,452 shares of the technology company’s stock valued at $1,331,000 after buying an additional 387 shares during the last quarter. Hedge funds and other institutional investors own 93.77% of the company’s stock.
Shares of CSRA Inc. (NYSE:CSRA) opened at 32.32 on Tuesday. The company has a 50 day moving average price of $32.43 and a 200 day moving average price of $30.54. The company has a market capitalization of $5.28 billion, a P/E ratio of 17.57 and a beta of 1.94. CSRA Inc. has a 12-month low of $24.48 and a 12-month high of $33.67.
CSRA (NYSE:CSRA) last announced its earnings results on Wednesday, May 24th. The technology company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. CSRA had a return on equity of 128.47% and a net margin of 6.09%. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the business posted $0.50 EPS. CSRA’s revenue for the quarter was down 2.8% on a year-over-year basis. Equities analysts anticipate that CSRA Inc. will post $1.97 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Thursday, June 15th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Tuesday, June 13th. CSRA’s dividend payout ratio (DPR) is 21.86%.
CSRA has been the subject of several recent research reports. Zacks Investment Research upgraded CSRA from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Thursday, April 13th. Royal Bank Of Canada restated a “buy” rating and issued a $38.00 price objective on shares of CSRA in a report on Sunday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. CSRA has an average rating of “Buy” and an average price target of $34.63.
In related news, insider Lawrence B. Prior III purchased 49,500 shares of CSRA stock in a transaction on Friday, June 2nd. The shares were bought at an average price of $30.50 per share, with a total value of $1,509,750.00. Following the transaction, the insider now directly owns 76,270 shares of the company’s stock, valued at $2,326,235. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David F. Keffer sold 20,000 shares of the stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $30.08, for a total value of $601,600.00. Following the completion of the sale, the chief financial officer now directly owns 8,202 shares in the company, valued at approximately $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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