CSRA Inc. (CSRA) Stake Decreased by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC decreased its position in shares of CSRA Inc. (NYSE:CSRA) by 5.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,052,310 shares of the technology company’s stock after selling 58,800 shares during the period. Lord Abbett & CO. LLC owned about 0.64% of CSRA worth $33,411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CSRA. BlackRock Inc. increased its holdings in shares of CSRA by 5,792.2% during the first quarter. BlackRock Inc. now owns 8,355,071 shares of the technology company’s stock worth $244,721,000 after buying an additional 8,213,272 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of CSRA by 9.5% during the first quarter. Vanguard Group Inc. now owns 19,326,634 shares of the technology company’s stock worth $566,078,000 after buying an additional 1,676,207 shares in the last quarter. Causeway Capital Management LLC increased 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 worth $189,902,000 after buying an additional 815,575 shares in the last quarter. Prudential PLC increased its holdings in shares of CSRA by 42.5% during the second quarter. Prudential PLC now owns 2,450,600 shares of the technology company’s stock worth $77,807,000 after buying an additional 730,300 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of CSRA by 51.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 979,843 shares of the technology company’s stock worth $31,111,000 after buying an additional 331,532 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

In related news, EVP George Batsakis sold 28,392 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $31.42, for a total transaction of $892,076.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John Reing sold 20,298 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $31,822.00, for a total transaction of $645,922,956.00. Following the transaction, the executive vice president now 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.

Several analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “buy” rating on shares of CSRA in a report on Tuesday, August 15th. Vertical Research lowered shares of CSRA from a “hold” rating to a “sell” rating and set a $31.00 price objective for the company. in a report on Tuesday, October 3rd. Zacks Investment Research raised shares of CSRA from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Friday, September 8th. Cowen and Company reaffirmed a “market perform” rating and set a $35.00 price objective (up previously from $32.00) on shares of CSRA in a report on Thursday, August 10th. Finally, BidaskClub raised shares of CSRA from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. CSRA has an average rating of “Hold” and an average target price of $35.89.

Shares of CSRA Inc. (CSRA) opened at 31.73 on Friday. CSRA Inc. has a one year low of $24.48 and a one year high of $33.67. The firm has a market cap of $5.19 billion, a price-to-earnings ratio of 16.53 and a beta of 1.95. The company has a 50 day moving average of $31.86 and a 200-day moving average of $31.16.

CSRA (NYSE:CSRA) last released its quarterly earnings data 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. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.24 billion. CSRA had a net margin of 6.36% and a return on equity of 101.22%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 EPS. On average, analysts expect that CSRA Inc. will post $1.96 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Tuesday, August 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Friday, August 25th. CSRA’s dividend payout ratio is 20.94%.

TRADEMARK VIOLATION NOTICE: “CSRA Inc. (CSRA) Stake Decreased by Lord Abbett & CO. LLC” was reported

Several other hedge funds and other institutional investors have also recently bought and sold shares of CSRA. BlackRock Inc. increased its holdings in shares of CSRA by 5,792.2% during the first quarter. BlackRock Inc. now owns 8,355,071 shares of the technology company’s stock worth $244,721,000 after buying an additional 8,213,272 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of CSRA by 9.5% during the first quarter. Vanguard Group Inc. now owns 19,326,634 shares of the technology company’s stock worth $566,078,000 after buying an additional 1,676,207 shares in the last quarter. Causeway Capital Management LLC increased 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 worth $189,902,000 after buying an additional 815,575 shares in the last quarter. Prudential PLC increased its holdings in shares of CSRA by 42.5% during the second quarter. Prudential PLC now owns 2,450,600 shares of the technology company’s stock worth $77,807,000 after buying an additional 730,300 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of CSRA by 51.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 979,843 shares of the technology company’s stock worth $31,111,000 after buying an additional 331,532 shares in the last quarter. 92.42% of the stock is owned by institutional investors.

In related news, EVP George Batsakis sold 28,392 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $31.42, for a total transaction of $892,076.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John Reing sold 20,298 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $31,822.00, for a total transaction of $645,922,956.00. Following the transaction, the executive vice president now 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.

Several analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “buy” rating on shares of CSRA in a report on Tuesday, August 15th. Vertical Research lowered shares of CSRA from a “hold” rating to a “sell” rating and set a $31.00 price objective for the company. in a report on Tuesday, October 3rd. Zacks Investment Research raised shares of CSRA from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Friday, September 8th. Cowen and Company reaffirmed a “market perform” rating and set a $35.00 price objective (up previously from $32.00) on shares of CSRA in a report on Thursday, August 10th. Finally, BidaskClub raised shares of CSRA from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. CSRA has an average rating of “Hold” and an average target price of $35.89.

Shares of CSRA Inc. (CSRA) opened at 31.73 on Friday. CSRA Inc. has a one year low of $24.48 and a one year high of $33.67. The firm has a market cap of $5.19 billion, a price-to-earnings ratio of 16.53 and a beta of 1.95. The company has a 50 day moving average of $31.86 and a 200-day moving average of $31.16.

CSRA (NYSE:CSRA) last released its quarterly earnings data 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. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.24 billion. CSRA had a net margin of 6.36% and a return on equity of 101.22%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 EPS. On average, analysts expect that CSRA Inc. will post $1.96 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Tuesday, August 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Friday, August 25th. CSRA’s dividend payout ratio is 20.94%.

TRADEMARK VIOLATION NOTICE: “CSRA Inc. (CSRA) Stake Decreased by Lord Abbett & CO. LLC” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://ledgergazette.com/2017/10/21/csra-inc-csra-stake-decreased-by-lord-abbett-co-llc.html.

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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Institutional Ownership by Quarter for CSRA (NYSE:CSRA)

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