CSRA Inc. (NYSE:CSRA) Shares Bought by US Bancorp DE
US Bancorp DE raised its stake in shares of CSRA Inc. (NYSE:CSRA) by 23.6% during the second quarter, Holdings Channel reports. The institutional investor owned 29,390 shares of the technology company’s stock after buying an additional 5,612 shares during the period. US Bancorp DE’s holdings in CSRA were worth $933,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of CSRA. Vanguard Group Inc. increased its position in CSRA by 9.5% in the first quarter. Vanguard Group Inc. now owns 19,326,634 shares of the technology company’s stock worth $566,078,000 after buying an additional 1,676,207 shares during the period. FMR LLC increased its position in CSRA by 24.2% in the first quarter. FMR LLC now owns 16,529,060 shares of the technology company’s stock worth $484,137,000 after buying an additional 3,219,519 shares during the period. William Blair Investment Management LLC increased its position in CSRA by 4.9% in the first quarter. William Blair Investment Management LLC now owns 9,515,724 shares of the technology company’s stock worth $278,716,000 after buying an additional 445,335 shares during the period. BlackRock Inc. increased its position in CSRA by 5,792.2% in the first quarter. BlackRock Inc. now owns 8,355,071 shares of the technology company’s stock worth $244,721,000 after buying an additional 8,213,272 shares during the period. Finally, Causeway Capital Management LLC increased its position in CSRA by 16.7% in the first quarter. Causeway Capital Management LLC now owns 5,686,079 shares of the technology company’s stock worth $189,902,000 after buying an additional 815,575 shares during the period. Institutional investors and hedge funds own 93.77% of the company’s stock.
Shares of CSRA Inc. (NYSE CSRA) traded down 0.22% during midday trading on Thursday, hitting $32.12. The stock had a trading volume of 734,343 shares. CSRA Inc. has a 52 week low of $24.48 and a 52 week high of $33.67. The firm has a market cap of $5.24 billion, a P/E ratio of 17.46 and a beta of 1.94. The company’s 50 day moving average is $32.44 and its 200 day moving average is $30.56.
CSRA (NYSE:CSRA) last announced its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. CSRA had a return on equity of 128.47% and a net margin of 6.09%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter last year, the firm posted $0.48 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, equities analysts predict that CSRA Inc. will post $1.97 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Thursday, June 15th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, June 13th. This represents a $0.40 annualized dividend and a dividend yield of 1.24%. CSRA’s payout ratio is 21.86%.
A number of equities analysts have weighed in on the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $38.00 price target on shares of CSRA in a research report on Sunday. Zacks Investment Research raised CSRA from a “sell” rating to a “hold” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. CSRA currently has a consensus rating of “Buy” and an average price target of $34.63.
In related news, CFO David F. Keffer sold 20,000 shares of CSRA 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 of the company’s stock, valued at $246,716.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lawrence B. Prior III bought 49,500 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were bought at an average cost of $30.50 per share, for a total transaction of $1,509,750.00. Following the transaction, the insider now owns 76,270 shares of the company’s stock, valued at $2,326,235. The disclosure for this purchase can be found here. 0.40% of the stock is owned by insiders.
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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