Hendershot Investments Inc. Has $708,000 Position in CSRA Inc. (NYSE:CSRA)
Hendershot Investments Inc. held its stake in shares of CSRA Inc. (NYSE:CSRA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,300 shares of the technology company’s stock at the end of the second quarter. Hendershot Investments Inc.’s holdings in CSRA were worth $708,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of CSRA. First Quadrant L P CA acquired a new position in shares of CSRA during the first quarter worth about $12,748,000. Glen Harbor Capital Management LLC boosted its position in shares of CSRA by 2.0% in the first quarter. Glen Harbor Capital Management LLC now owns 24,728 shares of the technology company’s stock worth $724,000 after buying an additional 484 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of CSRA by 20.7% in the first quarter. ProShare Advisors LLC now owns 78,819 shares of the technology company’s stock worth $2,309,000 after buying an additional 13,508 shares in the last quarter. Simplex Trading LLC boosted 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 in the last quarter. Finally, Rice Hall James & Associates LLC boosted its position in shares of CSRA by 2.6% in the first quarter. Rice Hall James & Associates LLC now owns 77,730 shares of the technology company’s stock worth $2,277,000 after buying an additional 1,948 shares in the last quarter. 93.70% of the stock is owned by hedge funds and other institutional investors.
Shares of CSRA Inc. (NYSE CSRA) traded down 0.12% on Tuesday, hitting $32.85. 262,894 shares of the stock traded hands. The stock has a market cap of $5.36 billion, a PE ratio of 17.85 and a beta of 1.93. The stock has a 50 day moving average of $30.83 and a 200-day moving average of $30.45. CSRA Inc. has a 1-year low of $24.38 and a 1-year high of $33.54.
CSRA (NYSE:CSRA) last released its quarterly earnings data on Wednesday, May 24th. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.03. CSRA had a return on equity of 128.47% and a net margin of 6.09%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the firm posted $0.50 earnings per share. The firm’s revenue was down 2.8% compared to the same quarter last year. On average, equities research analysts expect that CSRA Inc. will post $1.97 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Thursday, June 15th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Tuesday, June 13th. CSRA’s payout ratio is presently 21.86%.
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CSRA has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of CSRA from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Thursday, April 13th. Evercore ISI started coverage on shares of CSRA in a research report on Tuesday, April 4th. They set an “outperform” rating and a $34.00 target price for the company. Finally, Royal Bank Of Canada raised their price objective on shares of CSRA from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, May 25th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. CSRA presently has an average rating of “Buy” and a consensus price target of $34.63.
In other CSRA news, insider Lawrence B. Prior III purchased 49,500 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were purchased at an average cost of $30.50 per share, for a total transaction of $1,509,750.00. Following the acquisition, the insider now owns 76,270 shares of the company’s stock, valued at $2,326,235. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David F. Keffer sold 20,000 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $30.08, for a total value of $601,600.00. Following the transaction, the chief financial officer now owns 8,202 shares in the company, valued at $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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