Franklin Resources Inc. boosted its stake in CSRA Inc. (NYSE:CSRA) by 2.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,178,398 shares of the technology company’s stock after acquiring an additional 83,136 shares during the period. Franklin Resources Inc. owned about 2.56% of CSRA worth $132,664,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in CSRA. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in CSRA by 5.9% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,800 shares of the technology company’s stock valued at $551,000 after acquiring an additional 1,045 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in CSRA by 3.0% in the first quarter. Great West Life Assurance Co. Can now owns 269,580 shares of the technology company’s stock valued at $7,927,000 after acquiring an additional 7,947 shares during the last quarter. First Trust Advisors LP lifted its position in CSRA by 236.6% in the first quarter. First Trust Advisors LP now owns 431,360 shares of the technology company’s stock valued at $12,635,000 after acquiring an additional 303,208 shares during the last quarter. US Bancorp DE lifted its position in CSRA by 95.0% in the first quarter. US Bancorp DE now owns 23,778 shares of the technology company’s stock valued at $696,000 after acquiring an additional 11,586 shares during the last quarter. Finally, Suntrust Banks Inc. lifted its position in CSRA by 10.0% in the first quarter. Suntrust Banks Inc. now owns 7,095 shares of the technology company’s stock valued at $206,000 after acquiring an additional 646 shares during the last quarter. 92.43% of the stock is owned by hedge funds and other institutional investors.
Shares of CSRA Inc. (CSRA) opened at 32.19 on Monday. CSRA Inc. has a one year low of $24.48 and a one year high of $33.67. The stock has a market capitalization of $5.26 billion, a PE ratio of 16.77 and a beta of 1.95. The stock has a 50 day moving average of $32.23 and a 200-day moving average of $30.65.
CSRA (NYSE:CSRA) last posted its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.03. CSRA had a net margin of 6.36% and a return on equity of 101.22%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period last year, the firm posted $0.48 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities analysts predict that CSRA Inc. will post $1.96 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Tuesday, August 29th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, August 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.24%. CSRA’s payout ratio is currently 20.94%.
A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada reissued a “buy” rating on shares of CSRA in a research report on Tuesday, August 15th. Zacks Investment Research raised shares of CSRA from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Friday. Finally, Cowen and Company reissued a “market perform” rating and issued a $35.00 price target (up from $32.00) on shares of CSRA in a research report on Thursday, August 10th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $35.63.
In related news, EVP John Reing sold 20,298 shares of CSRA 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 sale, the executive vice president now directly owns 4,587 shares in the company, valued at approximately $145,967,514. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP George Batsakis sold 28,392 shares of CSRA stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $31.42, for a total transaction of $892,076.64. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.
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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