Tudor Investment Corp ET AL lessened its position in shares of CSRA Inc. (NYSE:CSRA) by 66.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,492 shares of the technology company’s stock after selling 28,275 shares during the period. Tudor Investment Corp ET AL’s holdings in CSRA were worth $460,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of CSRA. BlackRock Inc. raised its position in shares of 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 in the last quarter. Vanguard Group Inc. raised its position in shares of CSRA by 9.5% in the first quarter. Vanguard Group Inc. now owns 19,326,634 shares of the technology company’s stock valued at $566,078,000 after buying an additional 1,676,207 shares in the last quarter. Causeway Capital Management LLC raised its position in shares of CSRA by 16.7% in the first quarter. Causeway Capital Management LLC now owns 5,686,079 shares of the technology company’s stock valued at $189,902,000 after buying an additional 815,575 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of CSRA by 51.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 979,843 shares of the technology company’s stock valued at $31,111,000 after buying an additional 331,532 shares in the last quarter. Finally, Boston Advisors LLC raised its position in shares of CSRA by 574.8% in the second quarter. Boston Advisors LLC now owns 339,250 shares of the technology company’s stock valued at $10,771,000 after buying an additional 288,975 shares in the last quarter. Institutional investors own 92.42% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. BidaskClub downgraded shares of CSRA from a “hold” rating to a “sell” rating in a research report on Saturday, October 7th. Jefferies Group LLC reiterated a “hold” rating and issued a $35.00 price target on shares of CSRA in a research report on Thursday, October 5th. Vertical Research downgraded shares of CSRA from a “hold” rating to a “sell” rating and set a $31.00 price target for the company. in a research report on Tuesday, October 3rd. Cowen and Company reiterated a “hold” rating and issued a $35.00 price target on shares of CSRA in a research report on Monday, September 18th. Finally, Zacks Investment Research downgraded shares of CSRA from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. CSRA presently has a consensus rating of “Hold” and a consensus target price of $35.89.
In other news, Director Craig L. Martin bought 20,000 shares of the stock in a transaction on Thursday, August 17th. The shares were acquired at an average cost of $32.31 per share, for a total transaction of $646,200.00. Following the purchase, the director now directly owns 33,500 shares of the company’s stock, valued at approximately $1,082,385. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP George Batsakis sold 28,392 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $31.42, for a total transaction of $892,076.64. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.
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CSRA Inc. (NYSE CSRA) opened at 31.03 on Thursday. The firm’s 50-day moving average is $31.85 and its 200 day moving average is $31.07. The firm has a market capitalization of $5.07 billion, a P/E ratio of 16.16 and a beta of 1.95. CSRA Inc. has a 12 month low of $24.48 and a 12 month high of $33.67.
CSRA (NYSE:CSRA) last posted its earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.03. CSRA had a net margin of 6.36% and a return on equity of 101.22%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the company posted $0.48 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, analysts expect that CSRA Inc. will post $1.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, August 29th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Friday, August 25th. CSRA’s dividend payout ratio is presently 20.94%.
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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