Russell Investments Group Ltd. boosted its position in shares of CSRA Inc (NYSE:CSRA) by 55.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,705 shares of the technology company’s stock after acquiring an additional 5,575 shares during the period. Russell Investments Group Ltd.’s holdings in CSRA were worth $506,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Prudential PLC increased its holdings 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. Assenagon Asset Management S.A. bought a new position in shares of CSRA during the 3rd quarter worth about $22,242,000. Schwab Charles Investment Management Inc. increased its holdings in shares of CSRA by 51.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 979,843 shares of the technology company’s stock worth $31,111,000 after purchasing an additional 331,532 shares during the period. Janus Henderson Group PLC increased its holdings in shares of CSRA by 6,259.0% during the 2nd quarter. Janus Henderson Group PLC now owns 291,753 shares of the technology company’s stock worth $9,263,000 after purchasing an additional 287,165 shares during the period. Finally, Royal Bank of Canada increased its holdings 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. 94.66% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on the stock. Cowen reissued a “hold” rating and issued a $35.00 target price on shares of CSRA in a research note on Monday, September 18th. SunTrust Banks raised shares of CSRA from a “hold” rating to a “buy” rating and upped their target price for the company from $34.00 to $39.00 in a research note on Friday, September 15th. ValuEngine cut shares of CSRA from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Vertical Research cut shares of CSRA from a “hold” rating to a “sell” rating and set a $31.00 target price on the stock. in a research note on Tuesday, October 3rd. Finally, BidaskClub cut shares of CSRA from a “hold” rating to a “sell” rating in a research note on Saturday, October 7th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $36.50.
CSRA (NYSE:CSRA) last announced its earnings results on Tuesday, November 7th. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. CSRA’s revenue for the quarter was up .7% on a year-over-year basis. research analysts anticipate that CSRA Inc will post 1.95 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, January 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.30%. CSRA’s payout ratio is 20.94%.
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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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