CSRA Inc. (CSRA) Shares Bought by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can increased its stake in CSRA Inc. (NYSE:CSRA) by 7.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 288,905 shares of the technology company’s stock after buying an additional 19,325 shares during the period. Great West Life Assurance Co. Can’s holdings in CSRA were worth $9,171,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the company. Reinhart Partners Inc. increased its stake in CSRA by 761.2% in the first quarter. Reinhart Partners Inc. now owns 617,312 shares of the technology company’s stock valued at $18,081,000 after buying an additional 545,632 shares in the last quarter. APG Asset Management N.V. increased its stake in CSRA by 34.5% in the first quarter. APG Asset Management N.V. now owns 328,363 shares of the technology company’s stock valued at $9,618,000 after buying an additional 84,300 shares in the last quarter. Stoneridge Investment Partners LLC increased its stake in CSRA by 6.8% in the first quarter. Stoneridge Investment Partners LLC now owns 183,796 shares of the technology company’s stock valued at $5,383,000 after buying an additional 11,728 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in CSRA by 5.9% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,800 shares of the technology company’s stock valued at $551,000 after buying an additional 1,045 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in CSRA by 4.4% in the first quarter. Jennison Associates LLC now owns 1,024,205 shares of the technology company’s stock valued at $29,999,000 after buying an additional 43,471 shares in the last quarter. 93.77% of the stock is owned by hedge funds and other institutional investors.
Shares of CSRA Inc. (NYSE CSRA) opened at 32.35 on Friday. The firm’s 50-day moving average is $32.45 and its 200 day moving average is $30.57. CSRA Inc. has a 1-year low of $24.48 and a 1-year high of $33.67. The stock has a market capitalization of $5.28 billion, a P/E ratio of 17.58 and a beta of 1.94.
CSRA (NYSE:CSRA) last released its quarterly earnings results 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 net margin of 6.36% and a return on equity of 110.86%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the firm posted $0.48 earnings per share. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, analysts expect that CSRA Inc. will post $1.97 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Thursday, June 15th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Tuesday, June 13th. CSRA’s dividend payout ratio is 20.94%.
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Several research firms have issued reports on CSRA. Zacks Investment Research upgraded shares of CSRA from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Thursday, April 13th. Royal Bank Of Canada reiterated a “buy” rating and set a $38.00 price objective on shares of CSRA in a research note on Sunday, August 6th. Finally, Cowen and Company reiterated a “hold” rating on shares of CSRA in a research note on Thursday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $34.63.
In other news, CFO David F. Keffer sold 20,000 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $30.08, for a total value of $601,600.00. Following the sale, the chief financial officer now owns 8,202 shares in the company, valued at $246,716.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Lawrence B. Prior III acquired 49,500 shares of the stock in a transaction dated Friday, June 2nd. The stock was bought at an average price of $30.50 per share, for a total transaction of $1,509,750.00. Following the purchase, the insider now owns 76,270 shares of the company’s stock, valued at approximately $2,326,235. The disclosure for this purchase 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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