MetLife Investment Advisors LLC bought a new stake in CSRA Inc (NYSE:CSRA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 50,674 shares of the technology company’s stock, valued at approximately $1,516,000.
Several other hedge funds also recently bought and sold shares of the company. PEAK6 Investments L.P. bought a new position in shares of CSRA in the fourth quarter valued at approximately $1,190,000. Meadow Creek Investment Management LLC lifted its holdings in shares of CSRA by 12.4% in the fourth quarter. Meadow Creek Investment Management LLC now owns 31,450 shares of the technology company’s stock valued at $941,000 after purchasing an additional 3,468 shares in the last quarter. Wolverine Trading LLC purchased a new stake in shares of CSRA during the fourth quarter valued at approximately $420,000. Raymond James & Associates increased its position in shares of CSRA by 7.7% during the fourth quarter. Raymond James & Associates now owns 96,278 shares of the technology company’s stock valued at $2,881,000 after acquiring an additional 6,887 shares during the last quarter. Finally, Stone Ridge Asset Management LLC purchased a new stake in shares of CSRA during the fourth quarter valued at approximately $856,000. Institutional investors own 94.32% of the company’s stock.
NYSE:CSRA opened at $41.23 on Friday. The company has a debt-to-equity ratio of 4.39, a current ratio of 1.04 and a quick ratio of 1.04. CSRA Inc has a 1 year low of $27.38 and a 1 year high of $41.60. The firm has a market capitalization of $6,758.67, a price-to-earnings ratio of 21.59, a PEG ratio of 1.87 and a beta of 0.84.
CSRA (NYSE:CSRA) last released its earnings results on Wednesday, February 7th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.08. CSRA had a return on equity of 68.98% and a net margin of 7.46%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the business posted $0.48 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. equities research analysts predict 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. Shareholders of record on Thursday, March 29th were given a $0.10 dividend. The ex-dividend date was Wednesday, March 28th. CSRA’s dividend payout ratio is currently 20.94%.
CSRA has been the subject of a number of research analyst reports. Royal Bank of Canada set a $41.00 price target on CSRA and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Jefferies Group reaffirmed a “hold” rating and set a $33.00 price target on shares of CSRA in a research report on Monday, January 8th. 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. Finally, Cowen reaffirmed 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 stock. CSRA currently has an average rating of “Hold” and a consensus price target of $37.19.
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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