JPMorgan Chase & Co. reduced its stake in shares of CSRA Inc. (NYSE:CSRA) by 25.2% during the second quarter, Holdings Channel reports. The fund owned 274,455 shares of the company’s stock after selling 92,636 shares during the period. JPMorgan Chase & Co. owned about 0.17% of CSRA worth $6,430,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of CSRA. 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. Fuller & Thaler Asset Management Inc. bought a new position in shares of CSRA during the second quarter valued at $112,000. Oakbrook Investments LLC boosted its position in shares of CSRA by 14.9% in the second quarter. Oakbrook Investments LLC now owns 8,877 shares of the company’s stock valued at $208,000 after buying an additional 1,150 shares during the period. Capstone Asset Management Co. boosted its position in shares of CSRA by 2.3% in the second quarter. Capstone Asset Management Co. now owns 9,901 shares of the company’s stock valued at $232,000 after buying an additional 220 shares during the period. Finally, M&T Bank Corp bought a new position in shares of CSRA during the second quarter valued at $232,000. 86.89% of the stock is owned by institutional investors and hedge funds.
CSRA Inc. (NYSE:CSRA) traded down 1.10% during midday trading on Tuesday, hitting $26.12. The stock had a trading volume of 49,179 shares. The firm has a 50 day moving average of $26.35 and a 200 day moving average of $25.56. CSRA Inc. has a 52 week low of $20.98 and a 52 week high of $33.44. The firm has a market cap of $4.27 billion and a price-to-earnings ratio of 50.23.
CSRA (NYSE:CSRA) last issued its quarterly earnings results on Wednesday, August 10th. The company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.04. The firm earned $1.25 billion during the quarter, compared to analysts’ expectations of $1.26 billion. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. Equities research analysts predict that CSRA Inc. will post $1.97 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Wednesday, August 31st were paid a $0.10 dividend. The ex-dividend date was Monday, August 29th. This represents a $0.40 annualized dividend and a yield of 1.51%.
CSRA has been the topic of several recent analyst reports. Wells Fargo & Co. restated an “outperform” rating and set a $32.00 price objective on shares of CSRA in a research note on Saturday, June 25th. Zacks Investment Research cut CSRA from a “hold” rating to a “sell” rating in a research note on Wednesday, July 20th. Finally, Jefferies Group restated a “buy” rating and set a $35.00 price objective on shares of CSRA in a research note on Thursday, September 15th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $33.22.
In other news, EVP John Reing sold 12,926 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $26.63, for a total value of $344,219.38. Following the sale, the executive vice president now directly owns 33,895 shares of the company’s stock, valued at $902,623.85. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John M. Lawrie sold 48,000 shares of the stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $26.47, for a total value of $1,270,560.00. Following the completion of the sale, the director now directly owns 450,113 shares in the company, valued at $11,914,491.11. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate 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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