Rice Hall James & Associates LLC Acquires 34,403 Shares of CSRA Inc. (NYSE:CSRA)
Rice Hall James & Associates LLC raised its stake in shares of CSRA Inc. (NYSE:CSRA) by 44.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,133 shares of the technology company’s stock after buying an additional 34,403 shares during the period. Rice Hall James & Associates LLC’s holdings in CSRA were worth $3,560,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vista Equity Partners Management LLC raised its position in shares of 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 period. Chevy Chase Trust Holdings Inc. raised its position 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. raised 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 valued at $244,721,000 after buying an additional 8,213,272 shares during the last quarter. State Street Corp raised its position 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 raised its position 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. 93.77% of the stock is currently owned by institutional investors.
CSRA Inc. (NYSE CSRA) opened at 32.23 on Friday. The stock has a 50 day moving average price of $32.47 and a 200 day moving average price of $30.57. CSRA Inc. has a 1-year low of $24.48 and a 1-year high of $33.67. The firm has a market cap of $5.27 billion, a P/E ratio of 16.79 and a beta of 1.94.
CSRA (NYSE:CSRA) last released its earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.03. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. CSRA had a return on equity of 101.22% and a net margin of 6.36%. CSRA’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. On average, analysts anticipate that CSRA Inc. will post $1.98 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Tuesday, August 29th will be paid a $0.10 dividend. The ex-dividend date is Friday, August 25th. This represents a $0.40 dividend on an annualized basis and a yield of 1.24%. CSRA’s dividend payout ratio (DPR) is currently 20.94%.
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A number of research analysts have weighed in on CSRA shares. Zacks Investment Research lowered shares of CSRA from a “buy” rating to a “hold” rating in a research note on Monday, May 22nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $38.00 price objective on shares of CSRA in a report on Sunday, August 6th. Finally, Cowen and Company restated a “market perform” rating and set a $35.00 target price (up from $32.00) on shares of CSRA in a report on Thursday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $35.50.
In other CSRA 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 value of $601,600.00. Following the transaction, the chief financial officer now directly owns 8,202 shares of the company’s stock, valued at approximately $246,716.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lawrence B. Prior III purchased 49,500 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was bought at an average cost of $30.50 per share, for a total transaction of $1,509,750.00. Following the completion of the purchase, the insider now directly owns 76,270 shares in the company, 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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