BlackRock Inc. boosted its position in CSRA Inc. (NYSE:CSRA) by 5,792.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,355,071 shares of the technology company’s stock after buying an additional 8,213,272 shares during the period. BlackRock Inc. owned about 5.12% of CSRA worth $244,721,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its position in CSRA by 24.2% in the first quarter. FMR LLC now owns 16,529,060 shares of the technology company’s stock worth $484,137,000 after buying an additional 3,219,519 shares during the last quarter. Norges Bank purchased a new position in CSRA during the fourth quarter worth approximately $61,331,000. Vanguard Group Inc. boosted its position in CSRA by 9.5% in the first quarter. Vanguard Group Inc. now owns 19,326,634 shares of the technology company’s stock worth $566,078,000 after buying an additional 1,676,207 shares during the last quarter. Prudential Financial Inc. boosted its position in CSRA by 551.3% in the first quarter. Prudential Financial Inc. now owns 1,249,629 shares of the technology company’s stock worth $36,602,000 after buying an additional 1,057,757 shares during the last quarter. Finally, Reinhart Partners Inc. boosted its position in CSRA by 761.2% in the first quarter. Reinhart Partners Inc. now owns 617,312 shares of the technology company’s stock worth $18,081,000 after buying an additional 545,632 shares during the last quarter. 93.77% of the stock is currently owned by institutional investors and hedge funds.
CSRA Inc. (NYSE:CSRA) traded down 0.19% during mid-day trading on Tuesday, reaching $32.26. 746,081 shares of the company’s stock traded hands. CSRA Inc. has a 12 month low of $24.48 and a 12 month high of $33.67. The firm’s 50-day moving average price is $32.45 and its 200 day moving average price is $30.58. The stock has a market capitalization of $5.27 billion, a PE ratio of 17.53 and a beta of 1.94.
CSRA (NYSE:CSRA) last announced its earnings results on Wednesday, May 24th. The technology company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. CSRA had a return on equity of 128.47% and a net margin of 6.09%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the company posted $0.50 earnings per share. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. Equities research analysts predict that CSRA Inc. will post $1.97 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Thursday, June 15th were paid a $0.10 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.24%. CSRA’s dividend payout ratio (DPR) is presently 21.86%.
CSRA has been the topic of several recent analyst reports. Zacks Investment Research raised shares of CSRA from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Thursday, April 13th. Royal Bank Of Canada upped their price target on shares of CSRA from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, May 25th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $34.63.
In other 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 value of $601,600.00. Following the completion of the sale, the chief financial officer now directly owns 8,202 shares in the company, valued at $246,716.16. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Lawrence B. Prior III bought 49,500 shares of the stock in a transaction dated 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 completion of the purchase, the insider now 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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