Raymond James & Associates Has $2.88 Million Holdings in CSRA Inc (CSRA)

Raymond James & Associates raised its position in CSRA Inc (NYSE:CSRA) by 7.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,278 shares of the technology company’s stock after acquiring an additional 6,887 shares during the quarter. Raymond James & Associates’ holdings in CSRA were worth $2,881,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Iridian Asset Management LLC CT purchased a new position in shares of CSRA during the fourth quarter valued at about $59,049,000. Thrivent Financial For Lutherans increased its position in shares of CSRA by 16,361.3% during the fourth quarter. Thrivent Financial For Lutherans now owns 1,066,690 shares of the technology company’s stock valued at $31,915,000 after buying an additional 1,060,210 shares during the period. Sunriver Management LLC purchased a new position in shares of CSRA during the fourth quarter valued at about $16,952,000. American Century Companies Inc. increased its position in shares of CSRA by 84.9% during the fourth quarter. American Century Companies Inc. now owns 1,085,812 shares of the technology company’s stock valued at $32,487,000 after buying an additional 498,708 shares during the period. Finally, BlackRock Inc. increased its position in shares of CSRA by 4.5% during the fourth quarter. BlackRock Inc. now owns 9,627,742 shares of the technology company’s stock valued at $288,061,000 after buying an additional 418,881 shares during the period. Hedge funds and other institutional investors own 94.32% of the company’s stock.

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Several equities analysts recently issued reports on CSRA shares. Royal Bank of Canada set a $41.00 price target on shares of CSRA and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Jefferies Group reissued a “hold” rating and set a $33.00 price objective on shares of CSRA in a research note on Monday, January 8th. Zacks Investment Research lowered shares of CSRA from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. Loop Capital lowered shares of CSRA from a “buy” rating to a “hold” rating and set a $36.00 price objective on the stock. in a research note on Thursday, February 15th. Finally, Cowen reissued a “hold” rating and set a $35.00 price objective on shares of CSRA in a research note on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $37.19.

NYSE:CSRA opened at $41.23 on Monday. CSRA Inc has a one year low of $27.38 and a one year high of $41.60. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $6,758.67, a P/E ratio of 21.59, a price-to-earnings-growth ratio of 1.87 and a beta of 0.84.

CSRA (NYSE:CSRA) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.56 EPS for the quarter, topping the 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 business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the firm posted $0.48 earnings per share. CSRA’s quarterly revenue was up 7.1% on a year-over-year basis. research analysts anticipate that CSRA Inc will post 2.04 EPS for the current fiscal year.

The company also recently announced a dividend, which was paid on Wednesday, March 28th. Stockholders of record on Thursday, March 29th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 28th. CSRA’s dividend payout ratio is presently 20.94%.

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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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Institutional Ownership by Quarter for CSRA (NYSE:CSRA)

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