Menta Capital LLC Takes $364,000 Position in CSRA Inc. (CSRA)
Menta Capital LLC bought a new position in shares of CSRA Inc. (NYSE:CSRA) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,450 shares of the technology company’s stock, valued at approximately $364,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. CIBC Asset Management Inc lifted its holdings in shares of CSRA by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 15,459 shares of the technology company’s stock worth $491,000 after acquiring an additional 41 shares during the period. Louisiana State Employees Retirement System increased its stake in CSRA by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the technology company’s stock valued at $286,000 after acquiring an additional 100 shares during the period. Arizona State Retirement System increased its stake in CSRA by 0.3% in the second quarter. Arizona State Retirement System now owns 36,029 shares of the technology company’s stock valued at $1,144,000 after acquiring an additional 100 shares during the period. Mason Street Advisors LLC increased its stake in CSRA by 0.8% in the first quarter. Mason Street Advisors LLC now owns 20,061 shares of the technology company’s stock valued at $588,000 after acquiring an additional 164 shares during the period. Finally, Advantus Capital Management Inc increased its stake in CSRA by 1.2% in the first quarter. Advantus Capital Management Inc now owns 14,433 shares of the technology company’s stock valued at $423,000 after acquiring an additional 165 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.
In related news, Director Craig L. Martin purchased 20,000 shares of CSRA stock in a transaction on Thursday, August 17th. The shares were purchased at an average price of $32.31 per share, for a total transaction of $646,200.00. Following the transaction, the director now owns 33,500 shares of the company’s stock, valued at approximately $1,082,385. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP George Batsakis sold 28,392 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $31.42, for a total value of $892,076.64. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.
Shares of CSRA Inc. (CSRA) opened at 32.68 on Tuesday. The company’s 50 day moving average is $31.93 and its 200-day moving average is $30.96. The firm has a market cap of $5.34 billion, a PE ratio of 17.02 and a beta of 1.95. CSRA Inc. has a 12 month low of $24.48 and a 12 month high of $33.67.
CSRA (NYSE:CSRA) last posted its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.03. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. CSRA had a return on equity of 101.22% and a net margin of 6.36%. During the same quarter last year, the company earned $0.48 EPS. The company’s revenue was down 2.0% on a year-over-year basis. Equities research analysts predict that CSRA Inc. will post $1.97 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, August 29th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Friday, August 25th. CSRA’s dividend payout ratio (DPR) is presently 20.94%.
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Several research firms recently issued reports on CSRA. Zacks Investment Research raised shares of CSRA from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Friday, September 8th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of CSRA in a report on Tuesday, August 15th. Cowen and Company reaffirmed a “market perform” rating and set a $35.00 price objective (up from $32.00) on shares of CSRA in a report on Thursday, August 10th. Finally, BidaskClub lowered CSRA from a “hold” rating to a “sell” rating in a research note on Monday, September 18th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $36.00.
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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