Wedge Capital Management L L P NC Sells 3,506 Shares of CSRA Inc. (NYSE:CSRA)
Wedge Capital Management L L P NC reduced its position in CSRA Inc. (NYSE:CSRA) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 1,525,102 shares of the technology company’s stock after selling 3,506 shares during the period. Wedge Capital Management L L P NC’s holdings in CSRA were worth $48,422,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of CSRA. Vanguard Group Inc. boosted its position in shares of CSRA by 9.5% in the first quarter. Vanguard Group Inc. now owns 19,326,634 shares of the technology company’s stock valued at $566,078,000 after buying an additional 1,676,207 shares during the period. FMR LLC boosted its position in shares of CSRA by 24.2% in the first quarter. FMR LLC now owns 16,529,060 shares of the technology company’s stock valued at $484,137,000 after buying an additional 3,219,519 shares during the period. William Blair Investment Management LLC boosted its position in shares of CSRA by 4.9% in the first quarter. William Blair Investment Management LLC now owns 9,515,724 shares of the technology company’s stock valued at $278,716,000 after buying an additional 445,335 shares during the period. BlackRock Inc. boosted its position in shares of CSRA by 5,792.2% in the first quarter. BlackRock Inc. now owns 8,355,071 shares of the technology company’s stock valued at $244,721,000 after buying an additional 8,213,272 shares during the period. Finally, Causeway Capital Management LLC boosted its position 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 valued at $189,902,000 after buying an additional 815,575 shares during the period. Institutional investors own 93.77% of the company’s stock.
Shares of CSRA Inc. (NYSE:CSRA) opened at 32.23 on Friday. The stock’s 50 day moving average price is $32.47 and its 200 day moving average price is $30.57. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 16.79 and a beta of 1.94. CSRA Inc. has a 12 month low of $24.48 and a 12 month high of $33.67.
CSRA (NYSE:CSRA) last released its earnings results on Wednesday, August 9th. The technology company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. Analysts expect that CSRA Inc. will post $1.98 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Tuesday, August 29th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Friday, August 25th. CSRA’s dividend payout ratio (DPR) is 20.94%.
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Several equities analysts have weighed in on CSRA shares. Zacks Investment Research cut CSRA from a “buy” rating to a “hold” rating in a research note on Monday, May 22nd. Royal Bank Of Canada restated a “buy” rating and set a $38.00 price objective on shares of CSRA in a research note on Sunday, August 6th. Finally, Cowen and Company restated a “market perform” rating and set a $35.00 price objective (up from $32.00) on shares of CSRA in a research note on Thursday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. CSRA has an average rating of “Buy” and a consensus target price of $35.50.
In other CSRA news, insider Lawrence B. Prior III purchased 49,500 shares of the stock in a transaction dated Friday, June 2nd. The shares were purchased at an average cost of $30.50 per share, with a total value of $1,509,750.00. Following the completion of the acquisition, the insider now directly owns 76,270 shares in the company, valued at approximately $2,326,235. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David F. Keffer sold 20,000 shares of the company’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $30.08, for a total value of $601,600.00. Following the transaction, the chief financial officer now directly owns 8,202 shares in the company, valued at $246,716.16. The disclosure for this sale 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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