CSRA Inc. (CSRA) Shares Bought by State of Tennessee Treasury Department
State of Tennessee Treasury Department boosted its stake in shares of CSRA Inc. (NYSE:CSRA) by 0.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,739 shares of the technology company’s stock after purchasing an additional 85 shares during the period. State of Tennessee Treasury Department’s holdings in CSRA were worth $1,262,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in CSRA. Ameritas Investment Partners Inc. acquired a new stake in CSRA during the 1st quarter valued at approximately $102,000. DekaBank Deutsche Girozentrale acquired a new stake in CSRA during the 2nd quarter valued at approximately $120,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in CSRA by 11.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,781 shares of the technology company’s stock valued at $184,000 after acquiring an additional 607 shares during the period. WINTON GROUP Ltd lifted its stake in CSRA by 4.2% during the 1st quarter. WINTON GROUP Ltd now owns 7,478 shares of the technology company’s stock valued at $201,000 after acquiring an additional 303 shares during the period. Finally, Suntrust Banks Inc. lifted its stake in CSRA by 10.0% during the 1st quarter. Suntrust Banks Inc. now owns 7,095 shares of the technology company’s stock valued at $206,000 after acquiring an additional 646 shares during the period. 92.42% of the stock is currently owned by institutional investors.
CSRA Inc. (NYSE:CSRA) opened at 32.06 on Friday. The company has a 50 day moving average of $32.02 and a 200 day moving average of $30.74. The firm has a market capitalization of $5.24 billion, a PE ratio of 16.70 and a beta of 1.95. CSRA Inc. has a 1-year low of $24.48 and a 1-year high of $33.67.
CSRA (NYSE:CSRA) last announced its earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. CSRA had a net margin of 6.36% and a return on equity of 101.22%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.48 earnings per share. Analysts forecast that CSRA Inc. will post $1.97 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Tuesday, August 29th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, August 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.25%. CSRA’s dividend payout ratio (DPR) is presently 20.94%.
Several analysts have commented on CSRA shares. Zacks Investment Research cut shares of CSRA from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. SunTrust Banks, Inc. upgraded shares of CSRA from a “hold” rating to a “buy” rating and lifted their price objective for the company from $34.00 to $39.00 in a research note on Friday, September 15th. Royal Bank Of Canada restated a “buy” rating on shares of CSRA in a research note on Tuesday, August 15th. Finally, BidaskClub cut shares of CSRA from a “hold” rating to a “sell” rating in a research note on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. CSRA presently has an average rating of “Buy” and a consensus price target of $36.00.
In related news, EVP John Reing sold 20,298 shares of CSRA stock in a transaction 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 transaction, the executive vice president now directly owns 4,587 shares in the company, valued at approximately $145,967,514. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP George Batsakis sold 28,392 shares of CSRA stock in a transaction on Wednesday, August 23rd. The shares were 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. Company insiders own 0.40% of the company’s stock.
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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