Wells Fargo & Company MN raised its position in CSRA Inc. (NYSE:CSRA) by 241.6% during the third quarter, Holdings Channel reports. The fund owned 516,239 shares of the company’s stock after buying an additional 365,112 shares during the period. Wells Fargo & Company MN’s holdings in CSRA were worth $13,886,000 at the end of the most recent reporting period.
Other large investors have also 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. purchased a new stake in CSRA during the second quarter worth $112,000. Northwestern Mutual Investment Management Company LLC increased its stake in CSRA by 0.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 5,234 shares of the company’s stock worth $123,000 after buying an additional 29 shares during the period. Oakbrook Investments LLC increased its stake in CSRA by 14.9% in the second quarter. Oakbrook Investments LLC now owns 8,877 shares of the company’s stock worth $208,000 after buying an additional 1,150 shares during the period. Finally, Invictus RG increased its stake in CSRA by 335.1% in the second quarter. Invictus RG now owns 9,585 shares of the company’s stock worth $225,000 after buying an additional 7,382 shares during the period. Hedge funds and other institutional investors own 89.05% of the company’s stock.
Shares of CSRA Inc. (NYSE:CSRA) traded down 0.03% on Monday, hitting $31.92. The company had a trading volume of 1,545,522 shares. The firm has a 50 day moving average of $27.64 and a 200-day moving average of $25.88. The firm has a market capitalization of $5.22 billion and a P/E ratio of 48.07. CSRA Inc. has a 12-month low of $20.98 and a 12-month high of $32.60.
CSRA (NYSE:CSRA) last posted its quarterly earnings data on Wednesday, November 9th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.10. The company earned $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. CSRA had a return on equity of 200.99% and a net margin of 2.43%. CSRA’s quarterly revenue was up 30.3% compared to the same quarter last year. On average, equities analysts predict that CSRA Inc. will post $2.03 EPS for the current year.
CSRA has been the subject of a number of recent research reports. Zacks Investment Research raised CSRA from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Wednesday, October 19th. Jefferies Group reaffirmed a “buy” rating and set a $35.00 price target on shares of CSRA in a research note on Thursday, September 15th. Finally, Drexel Hamilton initiated coverage on CSRA in a research note on Tuesday, November 22nd. They set a “buy” rating and a $38.00 price target for the company. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $34.20.
In related news, EVP John Reing sold 12,926 shares of the stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $26.63, for a total transaction of $344,219.38. Following the sale, the executive vice president now owns 33,895 shares of the company’s stock, valued at $902,623.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lawrence B. Prior III purchased 3,918 shares of CSRA stock in a transaction that occurred on Tuesday, August 30th. The shares were bought at an average cost of $25.54 per share, for a total transaction of $100,065.72. Following the transaction, the insider now directly owns 20,614 shares of the company’s stock, valued at $526,481.56. The disclosure for this purchase can be found here. 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.