Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of CSRA Inc (NYSE:CSRA) by 49.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,630 shares of the technology company’s stock after buying an additional 2,849 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CSRA were worth $258,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Neuberger Berman Group LLC acquired a new stake in CSRA during the 3rd quarter worth approximately $211,000. Intact Investment Management Inc. acquired a new stake in CSRA during the 3rd quarter worth approximately $223,000. Boothbay Fund Management LLC acquired a new stake in CSRA during the 3rd quarter worth approximately $234,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in CSRA during the 4th quarter worth approximately $237,000. Finally, Oakbrook Investments LLC acquired a new stake in CSRA during the 3rd quarter worth approximately $259,000. Institutional investors own 95.02% of the company’s stock.
Shares of CSRA Inc (CSRA) opened at $40.56 on Tuesday. CSRA Inc has a fifty-two week low of $27.38 and a fifty-two week high of $40.65. The firm has a market cap of $6,648.84, a price-to-earnings ratio of 20.38, a PEG ratio of 2.09 and a beta of 1.81. The company has a debt-to-equity ratio of 4.39, a current ratio of 1.04 and a quick ratio of 1.04.
CSRA (NYSE:CSRA) last announced its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.08. CSRA had a net margin of 7.46% and a return on equity of 68.98%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the business earned $0.48 EPS. CSRA’s revenue for the quarter was up 7.1% compared to the same quarter last year. sell-side analysts anticipate that CSRA Inc will post 2.04 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Thursday, January 4th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, January 3rd. This represents a $0.40 annualized dividend and a yield of 0.99%. CSRA’s dividend payout ratio is currently 17.47%.
CSRA has been the topic of a number of research reports. Zacks Investment Research upgraded shares of CSRA from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. Royal Bank of Canada set a $37.00 price objective on shares of CSRA and gave the company a “buy” rating in a report on Thursday, November 16th. TheStreet upgraded shares of CSRA from a “c” rating to a “b-” rating in a report on Monday, December 4th. Jefferies Group restated a “hold” rating and issued a $33.00 price objective on shares of CSRA in a report on Monday, January 8th. Finally, Wells Fargo & Co raised their price objective on shares of CSRA from $37.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $36.88.
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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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