UBS Group AG increased its stake in shares of CSRA Inc. (NYSE:CSRA) by 128.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,072 shares of the technology company’s stock after buying an additional 15,235 shares during the period. UBS Group AG’s holdings in CSRA were worth $793,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. purchased a new position in CSRA during the first quarter worth approximately $102,000. Simplex Trading LLC increased its position 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. Suntrust Banks Inc. increased its position 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. WINTON GROUP Ltd increased its position in shares of 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 last quarter. Finally, LS Investment Advisors LLC increased its position in shares of 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 last quarter. 93.00% of the stock is currently owned by institutional investors.
CSRA Inc. (NYSE:CSRA) traded down 0.56% during midday trading on Wednesday, hitting $32.14. 829,364 shares of the company traded hands. The stock’s 50-day moving average is $32.51 and its 200-day moving average is $30.56. The firm has a market capitalization of $5.25 billion, a PE ratio of 16.74 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 announced its earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $1.23 billion for 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 quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the firm posted $0.48 earnings per share. Analysts anticipate that CSRA Inc. will post $1.99 EPS for the current fiscal year.
The firm 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 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Friday, August 25th. CSRA’s payout ratio is currently 20.94%.
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CSRA has been the topic of several recent analyst reports. Zacks Investment Research raised CSRA from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Wednesday. 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 report on Thursday, August 10th. Finally, Royal Bank Of Canada boosted their target price on CSRA from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, May 25th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $35.50.
In related news, CFO David F. Keffer sold 20,000 shares of CSRA 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 sale, the chief financial officer now owns 8,202 shares in the company, valued at $246,716.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Lawrence B. Prior III purchased 49,500 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was bought at an average price of $30.50 per share, for a total transaction of $1,509,750.00. Following the acquisition, the insider now owns 76,270 shares of the company’s stock, valued at $2,326,235. The disclosure for this purchase can be found here. 0.40% of the stock is owned by company insiders.
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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