Kennedy Capital Management Inc. Has $5.38 Million Stake in CSRA Inc. (CSRA)
Kennedy Capital Management Inc. cut its stake in shares of CSRA Inc. (NYSE:CSRA) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 169,295 shares of the technology company’s stock after selling 4,656 shares during the period. Kennedy Capital Management Inc. owned 0.10% of CSRA worth $5,375,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new stake in shares of CSRA during the first quarter valued at about $102,000. DekaBank Deutsche Girozentrale bought a new stake in shares of CSRA during the second quarter valued at about $120,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of CSRA by 11.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,781 shares of the technology company’s stock valued at $184,000 after buying an additional 607 shares during the period. WINTON GROUP Ltd increased its position in shares of CSRA by 4.2% during 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 during the period. Finally, Suntrust Banks Inc. increased its position in shares of CSRA by 10.0% during 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 during the period. Hedge funds and other institutional investors own 92.43% of the company’s stock.
CSRA Inc. (NYSE CSRA) opened at 31.61 on Friday. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 16.46 and a beta of 1.95. The stock’s 50 day moving average price is $32.10 and its 200 day moving average price is $30.70. CSRA Inc. has a one year low of $24.48 and a one year high of $33.67.
CSRA (NYSE:CSRA) last posted its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. CSRA had a return on equity of 101.22% and a net margin of 6.36%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the company earned $0.48 earnings per share. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities analysts predict that CSRA Inc. will post $1.96 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Tuesday, August 29th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, August 25th. CSRA’s dividend payout ratio (DPR) is currently 20.94%.
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Several equities research analysts have recently weighed in on CSRA shares. Zacks Investment Research cut CSRA from a “buy” rating to a “hold” rating in a research report on Monday, May 22nd. Royal Bank Of Canada upped their price target on CSRA from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, May 25th. Finally, Cowen and Company reiterated a “market perform” rating and set a $35.00 price target (up from $32.00) on shares of CSRA in a research report on Thursday, August 10th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. CSRA presently has an average rating of “Buy” and a consensus target price of $35.63.
In other CSRA news, Director Craig L. Martin bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average price of $32.31 per share, with a total value of $646,200.00. Following the purchase, the director now owns 33,500 shares of the company’s stock, valued at $1,082,385. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Reing sold 20,298 shares of CSRA stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $31,822.00, for a total value of $645,922,956.00. Following the sale, the executive vice president now directly owns 4,587 shares in the company, valued at approximately $145,967,514. The disclosure for this sale can be found here. 0.40% of the stock is owned by company 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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