World Asset Management Inc Has $442,000 Position in CSRA Inc. (CSRA)
World Asset Management Inc reduced its position in shares of CSRA Inc. (NYSE:CSRA) by 15.5% during the second quarter, Holdings Channel reports. The fund owned 13,920 shares of the technology company’s stock after selling 2,552 shares during the period. World Asset Management Inc’s holdings in CSRA were worth $442,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameritas Investment Partners Inc. acquired a new stake in CSRA during the first quarter worth approximately $102,000. Simplex Trading LLC boosted its stake in 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 during the period. WINTON GROUP Ltd boosted its stake in CSRA by 4.2% in the first quarter. WINTON GROUP Ltd now owns 7,478 shares of the technology company’s stock worth $201,000 after buying an additional 303 shares during the period. Suntrust Banks Inc. boosted its stake in CSRA by 10.0% in the first quarter. Suntrust Banks Inc. now owns 7,095 shares of the technology company’s stock worth $206,000 after buying an additional 646 shares during the period. Finally, LS Investment Advisors LLC boosted its stake in CSRA by 28.5% in the first quarter. LS Investment Advisors LLC now owns 8,088 shares of the technology company’s stock worth $237,000 after buying an additional 1,796 shares during the period. 93.77% of the stock is owned by institutional investors.
Shares of CSRA Inc. (CSRA) opened at 32.23 on Friday. The stock has a 50 day moving average price of $32.47 and a 200-day moving average price of $30.57. The stock has a market capitalization of $5.27 billion, a PE ratio of 16.79 and a beta of 1.94. CSRA Inc. has a 52-week low of $24.48 and a 52-week high of $33.67.
CSRA (NYSE:CSRA) last released its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. CSRA had a return on equity of 101.22% and a net margin of 6.36%. CSRA’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 earnings per share. On average, equities research analysts anticipate that CSRA Inc. will post $1.98 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Tuesday, August 29th will be given a dividend of $0.10 per share. 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 payout ratio is 20.94%.
CSRA has been the subject of a number of recent analyst reports. Zacks Investment Research cut CSRA from a “buy” rating to a “hold” rating in a research report on Monday, May 22nd. Cowen and Company restated a “market perform” rating and issued a $35.00 price objective (up from $32.00) on shares of CSRA in a research report on Thursday. Finally, Royal Bank Of Canada boosted their price objective on CSRA from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, May 25th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company 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 the firm’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $30.08, for a total transaction of $601,600.00. Following the completion of the transaction, the chief financial officer now owns 8,202 shares of the company’s stock, valued at $246,716.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lawrence B. Prior III purchased 49,500 shares of the company’s stock in a transaction on Friday, June 2nd. The shares were bought at an average cost of $30.50 per share, with a total value of $1,509,750.00. Following the transaction, the insider now directly owns 76,270 shares of the company’s stock, valued at approximately $2,326,235. The disclosure for this purchase can be found here. Company 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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