Trade Report: The CSRA Inc. (CSRA) Stake Lowered by BNP Paribas Arbitrage SA

The CSRA Inc. (CSRA) Stake Lowered by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA lowered its position in CSRA Inc. (NYSE:CSRA) by 12.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 7,948 shares of the company’s stock after selling 1,102 shares during the period. BNP Paribas Arbitrage SA’s holdings in CSRA were worth $214,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Alpha Windward LLC raised its stake in shares of CSRA by 233.8% in the second quarter. Alpha Windward LLC now owns 4,560 shares of the company’s stock worth $107,000 after buying an additional 3,194 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of CSRA during the second quarter valued at about $112,000. Northwestern Mutual Investment Management Company LLC raised its stake in shares of CSRA by 0.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 5,234 shares of the company’s stock valued at $123,000 after buying an additional 29 shares during the last quarter. Oakbrook Investments LLC raised its stake 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 last quarter. Finally, Invictus RG raised its stake in shares of CSRA by 335.1% in the second quarter. Invictus RG now owns 9,585 shares of the company’s stock valued at $225,000 after buying an additional 7,382 shares during the last quarter. 86.89% of the stock is currently owned by institutional investors.

CSRA Inc. (NYSE:CSRA) traded up 0.22% on Wednesday, hitting $26.99. 117,726 shares of the stock traded hands. The stock has a 50 day moving average of $26.22 and a 200 day moving average of $25.50. CSRA Inc. has a 52 week low of $20.98 and a 52 week high of $33.44. The firm has a market capitalization of $4.42 billion and a PE ratio of 51.90.

CSRA (NYSE:CSRA) last issued its earnings results on Wednesday, August 10th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.04. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. CSRA’s revenue was down 4.8% compared to the same quarter last year. Equities research analysts anticipate that CSRA Inc. will post $1.97 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Wednesday, August 31st were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.49%. The ex-dividend date was Monday, August 29th.

CSRA has been the topic of several recent research reports. Wells Fargo & Co. reiterated an “outperform” rating and issued a $32.00 price target on shares of CSRA in a research note on Saturday, June 25th. Zacks Investment Research lowered shares of CSRA from a “hold” rating to a “sell” rating in a research note on Wednesday, July 20th. Finally, Jefferies Group reiterated a “buy” rating and issued a $35.00 price target on shares of CSRA in a research note on Thursday, September 15th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $33.22.

In other CSRA news, Director John M. Lawrie sold 48,000 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 450,113 shares of the company’s stock, valued at $11,914,491.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lawrence B. Prior III acquired 3,918 shares of the company’s stock in a transaction on Tuesday, August 30th. The stock was acquired at an average cost of $25.54 per share, for a total transaction of $100,065.72. Following the completion of the purchase, the insider now directly owns 20,614 shares of the company’s stock, valued at approximately $526,481.56. The disclosure for this purchase can be found here. Corporate insiders own 1.10% 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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