CIBC Asset Management Inc Has $491,000 Position in CSRA Inc. (CSRA)
CIBC Asset Management Inc raised its position in shares of CSRA Inc. (NYSE:CSRA) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,459 shares of the technology company’s stock after buying an additional 41 shares during the period. CIBC Asset Management Inc’s holdings in CSRA were worth $491,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new position in shares of CSRA during the first quarter worth approximately $102,000. Simplex Trading LLC increased its position in shares of CSRA by 9,713.2% in the first quarter. Simplex Trading LLC now owns 6,673 shares of the technology company’s stock worth $195,000 after buying an additional 6,605 shares during the period. Suntrust Banks Inc. increased its position in shares of CSRA by 10.0% in the first quarter. Suntrust Banks Inc. now owns 7,095 shares of the technology company’s stock worth $206,000 after buying an additional 646 shares during the period. WINTON GROUP Ltd increased its position in shares of CSRA by 4.2% in the first quarter. WINTON GROUP Ltd now owns 7,478 shares of the technology company’s stock worth $201,000 after buying an additional 303 shares during the period. Finally, Parametrica Management Ltd purchased a new position in shares of CSRA during the second quarter worth approximately $252,000. 93.00% of the stock is owned by institutional investors and hedge funds.
CSRA Inc. (CSRA) opened at 32.32 on Wednesday. The company has a market cap of $5.28 billion, a P/E ratio of 16.83 and a beta of 1.94. The stock has a 50 day moving average of $32.51 and a 200-day moving average of $30.56. CSRA Inc. has a 12 month low of $24.48 and a 12 month high of $33.67.
CSRA (NYSE:CSRA) last announced its earnings results on Wednesday, August 9th. The technology company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ 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 net margin of 6.36% and a return on equity of 101.22%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 earnings per share. Equities research analysts expect that CSRA Inc. will post $1.99 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Tuesday, August 29th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, August 25th. This represents a $0.40 annualized dividend and a dividend yield of 1.24%. CSRA’s dividend payout ratio is currently 20.94%.
A number of brokerages have recently commented on CSRA. Zacks Investment Research raised shares of CSRA from a “sell” rating to a “hold” rating and set a $36.00 price objective for the company in a research report on Tuesday, August 8th. Royal Bank Of Canada reissued a “buy” rating and issued a $38.00 price objective on shares of CSRA in a research report on Sunday, August 6th. Finally, Cowen and Company reissued a “market perform” rating and issued a $35.00 price objective (up previously from $32.00) on shares of CSRA in a research report on Thursday, August 10th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. CSRA presently has a consensus rating of “Buy” and a consensus target price of $35.50.
In related news, insider Lawrence B. Prior III purchased 49,500 shares of CSRA stock in a transaction that occurred on Friday, June 2nd. The stock was bought at an average price of $30.50 per share, for a total transaction of $1,509,750.00. Following the completion of the transaction, the insider now owns 76,270 shares in the company, valued at $2,326,235. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David F. Keffer sold 20,000 shares of the stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $30.08, for a total transaction of $601,600.00. Following the transaction, the chief financial officer now owns 8,202 shares of the company’s stock, valued at approximately $246,716.16. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.
CSRA Company Profile
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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