CSRA Inc. (NYSE:CSRA) Sees Large Growth in Short Interest

CSRA Inc. (NYSE:CSRA) was the recipient of a large growth in short interest during the month of September. As of September 29th, there was short interest totalling 3,618,872 shares, a growth of 42.7% from the September 15th total of 2,536,632 shares. Based on an average daily trading volume, of 1,188,600 shares, the short-interest ratio is presently 3.0 days. Approximately 2.2% of the company’s stock are sold short.

Several research analysts have recently weighed in on the stock. Jefferies Group LLC restated a “hold” rating and set a $35.00 price objective on shares of CSRA in a research note on Thursday, October 5th. Cowen and Company restated a “market perform” rating and set a $35.00 price objective (up from $32.00) on shares of CSRA in a research note on Thursday, August 10th. BidaskClub upgraded shares of CSRA from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Zacks Investment Research upgraded shares of CSRA from a “sell” rating to a “hold” rating and set a $36.00 price target on the stock in a research note on Tuesday, August 8th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $38.00 price target on shares of CSRA in a research note on Sunday, August 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. CSRA currently has a consensus rating of “Hold” and a consensus price target of $36.50.

Shares of CSRA (NYSE CSRA) opened at 31.56 on Friday. CSRA has a 12-month low of $24.85 and a 12-month high of $33.67. The company has a market cap of $5.16 billion, a P/E ratio of 16.44 and a beta of 1.95. The firm has a 50-day moving average of $31.80 and a 200-day moving average of $31.29.

CSRA (NYSE:CSRA) last posted its earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.03. The business had revenue of $1.23 billion for 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 business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS. Analysts predict that CSRA will post $1.96 EPS for the current year.

The business also recently announced 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 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Friday, August 25th. CSRA’s dividend payout ratio is currently 20.94%.

In other CSRA news, EVP John Reing sold 20,298 shares of CSRA stock in a transaction on 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Craig L. Martin acquired 20,000 shares of the stock in a transaction dated Thursday, August 17th. The shares were purchased at an average price of $32.31 per share, for a total transaction of $646,200.00. Following the completion of the purchase, the director now directly owns 33,500 shares in the company, valued at $1,082,385. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of CSRA. UBS Asset Management Americas Inc. lifted its stake in CSRA by 15.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 136,400 shares of the technology company’s stock valued at $3,995,000 after acquiring an additional 18,161 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in CSRA during the 1st quarter valued at about $238,000. Ameritas Investment Partners Inc. bought a new position in CSRA during the 1st quarter valued at about $102,000. KBC Group NV lifted its stake in shares of CSRA by 17.7% in the 1st quarter. KBC Group NV now owns 12,114 shares of the technology company’s stock worth $355,000 after purchasing an additional 1,822 shares during the period. Finally, United Services Automobile Association lifted its stake in shares of CSRA by 0.9% in the 1st quarter. United Services Automobile Association now owns 45,452 shares of the technology company’s stock worth $1,331,000 after purchasing an additional 387 shares during the period. Institutional investors and hedge funds own 92.42% of the company’s stock.

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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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