Schwab Charles Investment Management Inc. lifted its holdings in CSRA Inc (NYSE:CSRA) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,020,492 shares of the technology company’s stock after buying an additional 40,649 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.62% of CSRA worth $32,932,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in CSRA by 0.4% during the second quarter. Vanguard Group Inc. now owns 19,408,917 shares of the technology company’s stock worth $616,233,000 after acquiring an additional 82,283 shares during the last quarter. BlackRock Inc. raised its stake in CSRA by 2.0% during the second quarter. BlackRock Inc. now owns 8,520,575 shares of the technology company’s stock valued at $270,528,000 after buying an additional 165,504 shares in the last quarter. Franklin Resources Inc. raised its position in shares of CSRA by 2.0% during the 2nd quarter. Franklin Resources Inc. now owns 4,178,398 shares of the technology company’s stock worth $132,664,000 after purchasing an additional 83,136 shares during the period. Prudential PLC raised its position in shares of CSRA by 42.5% during the 2nd quarter. Prudential PLC now owns 2,450,600 shares of the technology company’s stock worth $77,807,000 after purchasing an additional 730,300 shares during the period. Finally, Royal Bank of Canada raised its position in shares of CSRA by 17.2% during the 2nd quarter. Royal Bank of Canada now owns 1,587,157 shares of the technology company’s stock worth $50,390,000 after purchasing an additional 232,886 shares during the period. Institutional investors own 94.66% of the company’s stock.
CSRA Inc (CSRA) traded up $0.52 during trading hours on Tuesday, hitting $30.44. 644,624 shares of the stock were exchanged, compared to its average volume of 734,050. The company has a market capitalization of $4,980.00 and a PE ratio of 15.85. CSRA Inc has a 52 week low of $27.38 and a 52 week high of $33.67. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.68.
CSRA (NYSE:CSRA) last issued its earnings results on Tuesday, November 7th. The technology company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. CSRA had a net margin of 6.35% and a return on equity of 79.44%. The business’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.56 EPS. analysts anticipate that CSRA Inc will post 1.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, January 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.31%. CSRA’s payout ratio is 20.83%.
Several analysts recently commented on the company. Cowen restated a “hold” rating and issued a $35.00 target price on shares of CSRA in a research report on Monday, September 18th. SunTrust Banks raised CSRA from a “hold” rating to a “buy” rating and increased their price target for the company from $34.00 to $39.00 in a research note on Friday, September 15th. ValuEngine cut CSRA from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Zacks Investment Research cut CSRA from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Finally, BidaskClub lowered CSRA from a “hold” rating to a “sell” rating in a report on Monday, September 18th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $36.50.
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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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