Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in shares of CSRA Inc (NYSE:CSRA) in the 4th quarter, HoldingsChannel reports. The firm purchased 7,829 shares of the technology company’s stock, valued at approximately $237,000.
Other hedge funds also recently modified their holdings of the company. Neuberger Berman Group LLC acquired a new position in CSRA during the third quarter worth approximately $211,000. Intact Investment Management Inc. acquired a new position in CSRA during the third quarter worth approximately $223,000. Boothbay Fund Management LLC acquired a new position in CSRA during the third quarter worth approximately $234,000. Oakbrook Investments LLC acquired a new position in CSRA during the third quarter worth approximately $259,000. Finally, Advisor Group Inc. increased its position in CSRA by 464.0% during the second quarter. Advisor Group Inc. now owns 8,280 shares of the technology company’s stock worth $262,000 after purchasing an additional 6,812 shares during the last quarter. 94.68% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently commented on the stock. ValuEngine lowered shares of CSRA from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. BidaskClub lowered shares of CSRA from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 15th. Wells Fargo & Co increased their price objective on shares of CSRA from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Stifel Nicolaus reissued a “buy” rating and issued a $39.00 price objective on shares of CSRA in a research report on Tuesday, November 21st. Finally, Royal Bank of Canada set a $41.00 price objective on shares of CSRA and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $36.70.
Shares of CSRA Inc (NYSE:CSRA) opened at $32.35 on Monday. CSRA Inc has a 52-week low of $27.38 and a 52-week high of $33.79. The stock has a market cap of $5,298.28, a price-to-earnings ratio of 16.94, a PEG ratio of 1.72 and a beta of 1.81. 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 released its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). CSRA had a return on equity of 79.44% and a net margin of 6.35%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the company earned $0.56 EPS. CSRA’s revenue was up .7% on a year-over-year basis. research analysts forecast that CSRA Inc will post 1.99 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Wednesday, January 3rd. CSRA’s payout ratio is currently 20.94%.
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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