167,700 Shares in CSRA Inc. (CSRA) Acquired by Virginia Retirement Systems ET AL
Virginia Retirement Systems ET AL bought a new position in shares of CSRA Inc. (NYSE:CSRA) during the second quarter, Holdings Channel reports. The fund bought 167,700 shares of the company’s stock, valued at approximately $3,929,000. Virginia Retirement Systems ET AL owned about 0.10% of CSRA at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the stock. Alpha Windward LLC boosted its stake in shares of CSRA by 233.8% in the second quarter. Alpha Windward LLC now owns 4,560 shares of the company’s stock valued at $107,000 after buying an additional 3,194 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of CSRA during the second quarter valued at $112,000. Oakbrook Investments LLC boosted its stake in shares of CSRA by 14.9% in the second quarter. Oakbrook Investments LLC now owns 8,877 shares of the company’s stock valued at $208,000 after buying an additional 1,150 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of CSRA by 2.3% in the second quarter. Capstone Asset Management Co. now owns 9,901 shares of the company’s stock valued at $232,000 after buying an additional 220 shares in the last quarter. Finally, M&T Bank Corp purchased a new stake in shares of CSRA during the second quarter valued at $232,000. 86.89% of the stock is currently owned by institutional investors and hedge funds.
CSRA Inc. (NYSE:CSRA) opened at 25.95 on Wednesday. CSRA Inc. has a one year low of $20.98 and a one year high of $33.44. The company has a 50-day moving average of $25.95 and a 200 day moving average of $25.36. The firm has a market capitalization of $4.25 billion and a price-to-earnings ratio of 49.90.
CSRA (NYSE:CSRA) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.04. The business earned $1.25 billion during the quarter, compared to analyst estimates of $1.26 billion. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, analysts anticipate that CSRA Inc. will post $1.97 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Wednesday, August 31st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.54%. The ex-dividend date is Monday, August 29th.
Several analysts have weighed in on the stock. Zacks Investment Research raised shares of CSRA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Jefferies Group reaffirmed a “buy” rating and set a $35.00 price objective on shares of CSRA in a research note on Thursday, September 15th. Stifel Nicolaus decreased their price objective on shares of CSRA from $41.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, May 26th. SunTrust Banks Inc. decreased their price objective on shares of CSRA from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, May 27th. Finally, Wells Fargo & Co. reissued an “outperform” rating and set a $32.00 price target on shares of CSRA in a research note on Saturday, June 25th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $33.22.
In other news, insider Lawrence B. Prior III bought 3,810 shares of the company’s stock in a transaction dated Tuesday, September 13th. The stock was bought at an average cost of $26.22 per share, for a total transaction of $99,898.20. Following the transaction, the insider now owns 26,142 shares of the company’s stock, valued at $685,443.24. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John M. Lawrie sold 48,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $26.47, for a total transaction of $1,270,560.00. Following the completion of the transaction, the director now owns 450,113 shares of the company’s stock, valued at $11,914,491.11. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.
CSRA Inc, formerly Computer Sciences Government Services Inc, is a provider of information technology services. The Company offers mission- and operations-related services across the United States federal government to Department of Defense (DoD), Intelligence Community and homeland security, civil and healthcare agencies.
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