CSRA Inc (CSRA) Shares Sold by M&T Bank Corp

M&T Bank Corp lessened its holdings in shares of CSRA Inc (NYSE:CSRA) by 51.7% in the first quarter, Holdings Channel reports. The fund owned 5,364 shares of the technology company’s stock after selling 5,743 shares during the period. M&T Bank Corp’s holdings in CSRA were worth $221,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Iridian Asset Management LLC CT bought a new stake in shares of CSRA during the 4th quarter valued at about $59,049,000. Allianz Asset Management GmbH boosted its position in shares of CSRA by 5.1% during the 4th quarter. Allianz Asset Management GmbH now owns 1,122,524 shares of the technology company’s stock valued at $33,585,000 after acquiring an additional 54,934 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of CSRA during the 4th quarter valued at about $237,000. Wells Fargo & Company MN boosted its position in shares of CSRA by 14.2% during the 4th quarter. Wells Fargo & Company MN now owns 1,325,583 shares of the technology company’s stock valued at $39,661,000 after acquiring an additional 164,850 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of CSRA by 5.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,074,503 shares of the technology company’s stock valued at $32,150,000 after acquiring an additional 54,011 shares during the last quarter. Hedge funds and other institutional investors own 94.32% of the company’s stock.

CSRA has been the subject of a number of research analyst reports. Zacks Investment Research downgraded CSRA from a “buy” rating to a “hold” rating in a research report on Monday, March 12th. Loop Capital downgraded CSRA from a “buy” rating to a “hold” rating and set a $36.00 price target for the company. in a research report on Thursday, February 15th. SunTrust Banks downgraded CSRA from a “buy” rating to a “hold” rating and set a $40.75 price target for the company. in a research report on Wednesday, February 14th. Wells Fargo & Co downgraded CSRA from an “outperform” rating to a “market perform” rating and set a $42.00 price target for the company. in a research report on Monday, February 12th. Finally, Cowen reiterated a “hold” rating and set a $35.00 price target on shares of CSRA in a research report on Wednesday, February 7th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $37.19.

Shares of NYSE CSRA opened at $41.23 on Friday. The stock has a market cap of $6.76 billion, a P/E ratio of 21.59, a PEG ratio of 1.87 and a beta of 0.84. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.04 and a current ratio of 1.04. CSRA Inc has a 1-year low of $27.38 and a 1-year high of $41.60.

About CSRA

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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