GSA Capital Partners LLP cut its position in CSRA Inc. (NYSE:CSRA) by 55.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,809 shares of the company’s stock after selling 10,891 shares during the period. GSA Capital Partners LLP’s holdings in CSRA were worth $206,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado boosted its position in shares of CSRA by 2.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 35,319 shares of the company’s stock valued at $828,000 after buying an additional 794 shares during the period. Alpha Windward LLC boosted its position in shares of CSRA by 233.8% in the second quarter. Alpha Windward LLC now owns 4,560 shares of the company’s stock valued at $107,000 after buying an additional 3,194 shares during the period. State Treasurer State of Michigan boosted its position in shares of CSRA by 1.7% in the second quarter. State Treasurer State of Michigan now owns 47,673 shares of the company’s stock valued at $1,117,000 after buying an additional 800 shares during the period. Utah Retirement Systems boosted its position in shares of CSRA by 19.7% in the second quarter. Utah Retirement Systems now owns 29,733 shares of the company’s stock valued at $696,000 after buying an additional 4,900 shares during the period. Finally, M&T Bank Corp acquired a new position in shares of CSRA during the second quarter valued at about $232,000. 86.89% of the stock is owned by institutional investors and hedge funds.
Shares of CSRA Inc. (NYSE:CSRA) traded down 0.59% during mid-day trading on Friday, hitting $26.90. 913,013 shares of the stock traded hands. The firm has a market cap of $4.40 billion and a price-to-earnings ratio of 51.73. The firm’s 50 day moving average price is $26.17 and its 200 day moving average price is $25.45. CSRA Inc. has a 12-month low of $20.98 and a 12-month high of $33.44.
CSRA (NYSE:CSRA) last issued its earnings results on Wednesday, August 10th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.04. The company earned $1.25 billion during the quarter, compared to analyst estimates of $1.26 billion. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, equities research analysts predict that CSRA Inc. will post $1.97 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Wednesday, August 31st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Monday, August 29th.
CSRA has been the subject of several recent research reports. Wells Fargo & Co. reissued an “outperform” rating and set a $32.00 target price on shares of CSRA in a report on Saturday, June 25th. Zacks Investment Research cut shares of CSRA from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th. Finally, Jefferies Group reissued a “buy” rating and set a $35.00 target price on shares of CSRA in a report on Thursday, September 15th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $33.22.
In other news, Director John M. Lawrie sold 48,000 shares of the company’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $26.47, for a total value of $1,270,560.00. Following the completion of the transaction, the director now owns 450,113 shares in the company, valued at approximately $11,914,491.11. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Lawrence B. Prior III bought 3,918 shares of the stock in a transaction dated Tuesday, August 30th. The stock was bought at an average price of $25.54 per share, with a total value of $100,065.72. Following the acquisition, the insider now owns 20,614 shares in the company, valued at approximately $526,481.56. The disclosure for this purchase can be found here. 1.10% 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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