Goldman Sachs Group Inc. Has $18.98 Million Stake in CSRA Inc. (CSRA)
Goldman Sachs Group Inc. trimmed its position in CSRA Inc. (NYSE:CSRA) by 2.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 597,787 shares of the technology company’s stock after selling 15,057 shares during the quarter. Goldman Sachs Group Inc. owned about 0.37% of CSRA worth $18,980,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of CSRA by 0.4% in the second quarter. Vanguard Group Inc. now owns 19,408,917 shares of the technology company’s stock worth $616,233,000 after buying an additional 82,283 shares during the last quarter. BlackRock Inc. lifted its stake in shares of CSRA by 2.0% in the second quarter. BlackRock Inc. now owns 8,520,575 shares of the technology company’s stock worth $270,528,000 after buying an additional 165,504 shares during the last quarter. Causeway Capital Management LLC lifted its stake 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 worth $189,902,000 after buying an additional 815,575 shares during the last quarter. State Street Corp lifted its stake in shares of CSRA by 2.5% in the first quarter. State Street Corp now owns 5,264,072 shares of the technology company’s stock worth $154,192,000 after buying an additional 128,783 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of CSRA by 2.0% in the second quarter. Franklin Resources Inc. now owns 4,178,398 shares of the technology company’s stock worth $132,664,000 after buying an additional 83,136 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.
CSRA Inc. (NYSE CSRA) opened at 31.38 on Friday. CSRA Inc. has a 12 month low of $24.48 and a 12 month high of $33.67. The company’s 50-day moving average is $31.88 and its 200-day moving average is $31.10. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 16.34 and a beta of 1.95.
CSRA (NYSE:CSRA) last announced its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. CSRA had a return on equity of 101.22% and a net margin of 6.36%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the firm posted $0.48 EPS. The company’s quarterly revenue was down 2.0% on a year-over-year basis. On average, equities research analysts anticipate that CSRA Inc. will post $1.96 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, August 29th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.27%. The ex-dividend date was Friday, August 25th. CSRA’s dividend payout ratio is 20.94%.
A number of equities analysts recently issued reports on CSRA shares. Zacks Investment Research raised shares of CSRA from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Monday, August 28th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of CSRA in a research report on Tuesday, August 15th. BidaskClub raised shares of CSRA from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $35.00 target price on shares of CSRA in a research report on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. CSRA presently has a consensus rating of “Hold” and a consensus price target of $35.89.
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In other CSRA news, Director Craig L. Martin purchased 20,000 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was acquired at an average price of $32.31 per share, with a total value of $646,200.00. Following the acquisition, 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 filing with the SEC, which is accessible through the SEC website. Also, EVP John Reing sold 20,298 shares of the firm’s 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 sale, the executive vice president now directly owns 4,587 shares of the company’s stock, valued at approximately $145,967,514. 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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