Public Employees Retirement Association of Colorado Sells 92 Shares of CSRA Inc. (CSRA)
Public Employees Retirement Association of Colorado cut its position in CSRA Inc. (NYSE:CSRA) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,011 shares of the technology company’s stock after selling 92 shares during the period. Public Employees Retirement Association of Colorado’s holdings in CSRA were worth $1,048,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of CSRA. APG Asset Management N.V. boosted its stake in shares of CSRA by 34.5% in the first quarter. APG Asset Management N.V. now owns 328,363 shares of the technology company’s stock worth $9,618,000 after buying an additional 84,300 shares in the last quarter. Stoneridge Investment Partners LLC boosted its stake in shares of CSRA by 6.8% in the first quarter. Stoneridge Investment Partners LLC now owns 183,796 shares of the technology company’s stock worth $5,383,000 after buying an additional 11,728 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of CSRA by 3.0% in the first quarter. Great West Life Assurance Co. Can now owns 269,580 shares of the technology company’s stock worth $7,927,000 after buying an additional 7,947 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of CSRA by 5.9% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,800 shares of the technology company’s stock worth $551,000 after buying an additional 1,045 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of CSRA by 4.4% in the first quarter. Jennison Associates LLC now owns 1,024,205 shares of the technology company’s stock worth $29,999,000 after buying an additional 43,471 shares in the last quarter. Hedge funds and other institutional investors own 93.00% of the company’s stock.
CSRA Inc. (NYSE CSRA) opened at 32.32 on Wednesday. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 16.83 and a beta of 1.94. CSRA Inc. has a 12 month low of $24.48 and a 12 month high of $33.67. The stock’s 50 day moving average is $32.51 and its 200-day moving average is $30.56.
CSRA (NYSE:CSRA) last announced its earnings results on Wednesday, August 9th. The technology company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The business 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%. CSRA’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 EPS. On average, analysts anticipate that CSRA Inc. will post $1.99 earnings per share for the current fiscal year.
The business also recently announced 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 1.24%. The ex-dividend date is Friday, August 25th. CSRA’s payout ratio is 20.94%.
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A number of brokerages recently issued reports on CSRA. Royal Bank Of Canada reiterated a “buy” rating on shares of CSRA in a report on Tuesday. Zacks Investment Research raised shares of CSRA from a “sell” rating to a “hold” rating and set a $36.00 target price for the company in a research report on Tuesday, August 8th. Finally, Cowen and Company reissued a “market perform” rating and set a $35.00 target price (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 given a buy rating to the stock. CSRA presently has an average rating of “Buy” and a consensus price target of $35.50.
In other CSRA news, CFO David F. Keffer sold 20,000 shares of CSRA stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $30.08, for a total value of $601,600.00. Following the completion of the sale, the chief financial officer now owns 8,202 shares in the company, valued at approximately $246,716.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lawrence B. Prior III acquired 49,500 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was acquired at an average price of $30.50 per share, with a total value of $1,509,750.00. Following the purchase, the insider now directly owns 76,270 shares in the company, valued at $2,326,235. The disclosure for this purchase can be found here. 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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