Northwestern Mutual Investment Management Company LLC boosted its position in shares of CSRA Inc. (NYSE:CSRA) by 0.6% during the second quarter, Holdings Channel reports. The institutional investor owned 5,234 shares of the company’s stock after buying an additional 29 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in CSRA were worth $123,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in CSRA. Allianz Asset Management AG raised its position in CSRA by 475.5% in the second quarter. Allianz Asset Management AG now owns 1,994,890 shares of the company’s stock valued at $46,741,000 after buying an additional 1,648,232 shares during the period. William Blair Investment Management LLC raised its position in CSRA by 26.1% in the second quarter. William Blair Investment Management LLC now owns 7,922,581 shares of the company’s stock valued at $185,626,000 after buying an additional 1,637,865 shares during the period. FMR LLC raised its position in CSRA by 28.6% in the second quarter. FMR LLC now owns 6,572,354 shares of the company’s stock valued at $153,991,000 after buying an additional 1,462,353 shares during the period. Franklin Resources Inc. raised its position in CSRA by 30.5% in the second quarter. Franklin Resources Inc. now owns 4,458,707 shares of the company’s stock worth $104,467,000 after buying an additional 1,041,400 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its position in CSRA by 37.2% in the second quarter. Point72 Asset Management L.P. now owns 3,822,600 shares of the company’s stock worth $89,564,000 after buying an additional 1,036,600 shares during the last quarter. 86.89% of the stock is currently owned by institutional investors and hedge funds.
Shares of CSRA Inc. (NYSE:CSRA) opened at 26.90 on Monday. CSRA Inc. has a 1-year low of $20.98 and a 1-year high of $33.44. The company has a 50-day moving average price of $26.17 and a 200 day moving average price of $25.45. The company has a market capitalization of $4.40 billion and a P/E ratio of 51.73.
CSRA (NYSE:CSRA) last posted its earnings results on Wednesday, August 10th. The company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.04. The company earned $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. The business’s revenue was down 4.8% compared to the same quarter last year. Equities research analysts anticipate that CSRA Inc. will post $1.97 EPS for the current 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. The ex-dividend date is Monday, August 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.49%.
CSRA has been the topic of a number of recent analyst reports. Jefferies Group reissued a “buy” rating and set a $35.00 target price on shares of CSRA in a report on Thursday, September 15th. Zacks Investment Research lowered CSRA from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $33.22.
In related news, EVP John Reing sold 12,926 shares of the stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $26.63, for a total transaction of $344,219.38. Following the completion of the sale, the executive vice president now directly owns 33,895 shares of the company’s stock, valued at $902,623.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John M. Lawrie sold 48,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 450,113 shares of the company’s stock, valued at $11,914,491.11. The disclosure for this sale can be found here. 1.10% of the stock is owned by 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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