Bank of Montreal Can decreased its position in shares of CSRA Inc. (NYSE:CSRA) by 11.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 547,319 shares of the technology company’s stock after selling 68,437 shares during the period. Bank of Montreal Can owned about 0.34% of CSRA worth $17,377,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in CSRA. Vanguard Group Inc. increased its stake 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 in the last quarter. FMR LLC increased its stake 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 in the last quarter. William Blair Investment Management LLC increased its stake in 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 worth $278,716,000 after buying an additional 445,335 shares in the last quarter. BlackRock Inc. increased its stake in CSRA by 5,792.2% in the first quarter. BlackRock Inc. now owns 8,355,071 shares of the technology company’s stock worth $244,721,000 after buying an additional 8,213,272 shares in the last quarter. Finally, Causeway Capital Management LLC increased its stake in CSRA by 16.7% in the first quarter. Causeway Capital Management LLC now owns 5,686,079 shares of the technology company’s stock worth $189,902,000 after buying an additional 815,575 shares in the last quarter. 93.77% of the stock is currently owned by hedge funds and other institutional investors.
CSRA Inc. (NYSE:CSRA) opened at 32.56 on Monday. The firm has a 50-day moving average price of $32.43 and a 200 day moving average price of $30.54. CSRA Inc. has a 12-month low of $24.48 and a 12-month high of $33.67. The firm has a market cap of $5.32 billion, a PE ratio of 17.70 and a beta of 1.94.
CSRA (NYSE:CSRA) last issued its quarterly earnings results on Wednesday, May 24th. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. CSRA had a net margin of 6.09% and a return on equity of 128.47%. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the company posted $0.50 EPS. CSRA’s revenue was down 2.8% on a year-over-year basis. Equities research analysts forecast that CSRA Inc. will post $1.97 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Shareholders of record on Thursday, June 15th were issued a $0.10 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $0.40 annualized dividend and a yield of 1.23%. CSRA’s dividend payout ratio (DPR) is presently 21.86%.
A number of research analysts have recently weighed in on CSRA shares. Zacks Investment Research upgraded CSRA from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Thursday, April 13th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $38.00 price target on shares of CSRA in a research report on Sunday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $34.63.
In other CSRA news, insider Lawrence B. Prior III bought 49,500 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was bought at an average cost of $30.50 per share, for a total transaction of $1,509,750.00. Following the completion of the transaction, the insider now owns 76,270 shares of the company’s stock, valued at approximately $2,326,235. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David F. Keffer sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $30.08, for a total transaction of $601,600.00. Following the sale, the chief financial officer now owns 8,202 shares of the company’s stock, valued at $246,716.16. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.
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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