Lawrence B. Prior III Purchases 3,810 Shares of CSRA Inc. (CSRA) Stock
CSRA Inc. (NYSE:CSRA) insider Lawrence B. Prior III bought 3,810 shares of the stock in a transaction that occurred on Tuesday, September 13th. The stock was purchased at an average price of $26.22 per share, for a total transaction of $99,898.20. Following the completion of the purchase, the insider now directly owns 26,142 shares in the company, valued at approximately $685,443.24. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of CSRA Inc. (NYSE:CSRA) opened at 26.20 on Tuesday. CSRA Inc. has a one year low of $20.98 and a one year high of $33.44. The firm has a 50-day moving average of $25.97 and a 200-day moving average of $25.36. The company has a market capitalization of $4.29 billion and a P/E ratio of 50.38.
CSRA (NYSE:CSRA) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.04. The business earned $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. CSRA’s revenue was down 4.8% compared to the same quarter last year. Equities research analysts expect that CSRA Inc. will post $1.97 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Wednesday, August 31st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Monday, August 29th.
A number of research analysts recently issued reports on CSRA shares. Jefferies Group reiterated a “buy” rating and issued a $35.00 target price on shares of CSRA in a research note on Thursday, September 15th. Zacks Investment Research lowered shares of CSRA from a “hold” rating to a “sell” rating in a research note on Wednesday, July 20th. Wells Fargo & Co. reiterated an “outperform” rating and issued a $32.00 target price on shares of CSRA in a research note on Saturday, June 25th. SunTrust Banks Inc. lowered their target price 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, Stifel Nicolaus lowered their target price 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. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $33.22.
Several hedge funds have recently made changes to their positions in the company. Kentucky Retirement Systems acquired a new stake in shares of CSRA during the second quarter worth approximately $273,000. Northwestern Mutual Investment Management Company LLC raised its stake in shares of CSRA by 0.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 5,234 shares of the company’s stock worth $123,000 after buying an additional 29 shares in the last quarter. Mason Street Advisors LLC acquired a new stake in shares of CSRA during the second quarter worth approximately $433,000. Public Employees Retirement System of Ohio raised its stake in shares of CSRA by 7.2% in the second quarter. Public Employees Retirement System of Ohio now owns 38,509 shares of the company’s stock worth $902,000 after buying an additional 2,573 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of CSRA by 7.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 492,534 shares of the company’s stock worth $11,541,000 after buying an additional 35,552 shares in the last quarter. 86.88% of the stock is currently owned by institutional investors and hedge funds.
CSRA Company Profile
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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