Public Employees Retirement System of Ohio grew its stake in CSRA Inc. (NYSE:CSRA) by 43.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,605 shares of the technology company’s stock after purchasing an additional 23,250 shares during the period. Public Employees Retirement System of Ohio’s holdings in CSRA were worth $2,432,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of CSRA by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,698 shares of the technology company’s stock worth $117,000 after acquiring an additional 1,269 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of CSRA during the 2nd quarter worth approximately $120,000. GLG Partners LP bought a new stake in shares of CSRA during the 2nd quarter worth approximately $164,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of CSRA by 11.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,781 shares of the technology company’s stock worth $184,000 after acquiring an additional 607 shares during the last quarter. Finally, Cipher Capital LP bought a new stake in shares of CSRA during the 2nd quarter worth approximately $246,000. 92.66% of the stock is owned by institutional investors and hedge funds.
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In other news, EVP John Reing sold 20,298 shares of the stock in a transaction on Friday, August 18th. The stock was 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 $145,967,514. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP George Batsakis sold 28,392 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $31.42, for a total value of $892,076.64. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.
A number of equities research analysts recently issued reports on CSRA shares. Royal Bank Of Canada reissued a “buy” rating and set a $38.00 price target on shares of CSRA in a research note on Sunday, August 6th. Zacks Investment Research raised CSRA from a “sell” rating to a “hold” rating and set a $36.00 price target for the company in a research note on Tuesday, August 8th. Cowen and Company reissued a “market perform” rating and set a $35.00 price target (up from $32.00) on shares of CSRA in a research note on Thursday, August 10th. Finally, SunTrust Banks, Inc. raised CSRA from a “hold” rating to a “buy” rating and raised their price target for the stock from $34.00 to $39.00 in a research note on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $36.50.
CSRA (NYSE:CSRA) last released its quarterly earnings results 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 return on equity of 101.22% and a net margin of 6.36%. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the firm earned $0.48 earnings per share. The firm’s revenue was down 2.0% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, August 29th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Friday, August 25th. CSRA’s dividend payout ratio (DPR) is 20.94%.
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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