TIAA CREF Investment Management LLC Decreases Position in CSRA Inc (CSRA)
TIAA CREF Investment Management LLC trimmed its holdings in shares of CSRA Inc (NYSE:CSRA) by 13.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,083,369 shares of the technology company’s stock after selling 161,361 shares during the period. TIAA CREF Investment Management LLC owned 0.66% of CSRA worth $34,397,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also made changes to their positions in the stock. Seven Eight Capital LP purchased a new stake in CSRA during the 2nd quarter worth $1,918,000. Northwestern Mutual Wealth Management Co. boosted its position in CSRA by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,698 shares of the technology company’s stock worth $117,000 after purchasing an additional 1,269 shares during the period. Capital Fund Management S.A. purchased a new stake in CSRA during the 2nd quarter worth $829,000. Martingale Asset Management L P boosted its position in CSRA by 4.2% during the 2nd quarter. Martingale Asset Management L P now owns 117,960 shares of the technology company’s stock worth $3,746,000 after purchasing an additional 4,723 shares during the period. Finally, Wells Fargo & Company MN boosted its position in CSRA by 17.7% during the 2nd quarter. Wells Fargo & Company MN now owns 1,206,910 shares of the technology company’s stock worth $38,318,000 after purchasing an additional 181,713 shares during the period. 92.42% of the stock is owned by hedge funds and other institutional investors.
CSRA has been the subject of a number of research reports. Royal Bank Of Canada upped their price target on shares of CSRA from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, May 25th. Zacks Investment Research lowered shares of CSRA from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. SunTrust Banks, Inc. upgraded shares of CSRA from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $34.00 to $39.00 in a report on Friday, September 15th. Finally, BidaskClub lowered shares of CSRA from a “hold” rating to a “sell” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $36.00.
CSRA Inc (NYSE:CSRA) opened at 32.09 on Friday. CSRA Inc has a one year low of $24.48 and a one year high of $33.67. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 16.71 and a beta of 1.95. The firm has a 50-day moving average of $32.02 and a 200-day moving average of $30.74.
CSRA (NYSE:CSRA) last posted its earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. CSRA had a net margin of 6.51% and a return on equity of 87.12%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the business posted $0.48 EPS. CSRA’s revenue was down 2.0% compared to the same quarter last year. Analysts anticipate that CSRA Inc will post $1.97 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, August 29th will be paid a $0.10 dividend. The ex-dividend date is Friday, August 25th. This represents a $0.40 dividend on an annualized basis and a yield of 1.25%. CSRA’s payout ratio is presently 20.94%.
In related news, 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP George Batsakis sold 28,392 shares of the firm’s 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.
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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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