Prudential PLC Buys 730,300 Shares of CSRA Inc. (CSRA)
Prudential PLC increased its stake in shares of CSRA Inc. (NYSE:CSRA) by 42.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,450,600 shares of the technology company’s stock after buying an additional 730,300 shares during the quarter. Prudential PLC owned about 1.50% of CSRA worth $77,807,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of CSRA by 0.4% in the second quarter. Vanguard Group Inc. now owns 19,408,917 shares of the technology company’s stock valued at $616,233,000 after purchasing an additional 82,283 shares during the period. BlackRock Inc. raised its holdings in shares of CSRA by 2.0% during the second quarter. BlackRock Inc. now owns 8,520,575 shares of the technology company’s stock valued at $270,528,000 after buying an additional 165,504 shares during the last quarter. Causeway Capital Management LLC raised its holdings in shares of CSRA by 16.7% during the first quarter. Causeway Capital Management LLC now owns 5,686,079 shares of the technology company’s stock valued at $189,902,000 after buying an additional 815,575 shares during the last quarter. State Street Corp raised its holdings in shares of CSRA by 2.5% during the first quarter. State Street Corp now owns 5,264,072 shares of the technology company’s stock valued at $154,192,000 after buying an additional 128,783 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of CSRA by 2.0% during the second quarter. Franklin Resources Inc. now owns 4,178,398 shares of the technology company’s stock valued at $132,664,000 after buying an additional 83,136 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.
CSRA Inc. (CSRA) traded up 0.34% on Wednesday, hitting $32.08. 135,738 shares of the stock traded hands. The stock has a market cap of $5.24 billion, a P/E ratio of 16.71 and a beta of 1.95. The stock has a 50-day moving average price of $31.91 and a 200 day moving average price of $30.98. CSRA Inc. has a 12-month low of $24.48 and a 12-month high of $33.67.
CSRA (NYSE:CSRA) last issued its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. CSRA had a net margin of 6.36% and a return on equity of 101.22%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. The company’s revenue was down 2.0% on a year-over-year basis. On average, equities analysts expect that CSRA Inc. will post $1.97 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Tuesday, August 29th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, August 25th. This represents a $0.40 annualized dividend and a dividend yield of 1.25%. CSRA’s dividend payout ratio (DPR) is currently 20.94%.
In related news, Director Craig L. Martin purchased 20,000 shares of the stock in a transaction dated Thursday, August 17th. The stock was bought at an average cost of $32.31 per share, with a total value of $646,200.00. Following the purchase, the director now directly owns 33,500 shares in the company, valued at approximately $1,082,385. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Reing sold 20,298 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $31,822.00, for a total value of $645,922,956.00. Following the completion of the sale, the executive vice president now directly owns 4,587 shares of the company’s stock, valued at $145,967,514. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.
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Several equities analysts have recently issued reports on CSRA shares. Vertical Research downgraded CSRA from a “hold” rating to a “sell” rating and set a $31.00 price objective for the company. in a research report on Tuesday. BidaskClub upgraded CSRA from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Cowen and Company restated a “hold” rating and issued a $35.00 target price on shares of CSRA in a research report on Monday, September 18th. Zacks Investment Research downgraded CSRA from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Finally, SunTrust Banks, Inc. raised CSRA from a “hold” rating to a “buy” rating and lifted their target price for the company from $34.00 to $39.00 in a research note on Friday, September 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $35.89.
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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