Kirr Marbach & Co. LLC IN lowered its stake in CSRA Inc (NYSE:CSRA) by 5.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 136,701 shares of the technology company’s stock after selling 8,605 shares during the period. Kirr Marbach & Co. LLC IN owned 0.08% of CSRA worth $4,004,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in CSRA by 76.1% in the third quarter. Sei Investments Co. now owns 104,135 shares of the technology company’s stock valued at $2,801,000 after buying an additional 44,999 shares during the period. US Bancorp DE boosted its stake in CSRA by 20.6% in the third quarter. US Bancorp DE now owns 9,852 shares of the technology company’s stock valued at $265,000 after buying an additional 1,683 shares during the period. UBS Asset Management Americas Inc. boosted its stake in CSRA by 4.5% in the third quarter. UBS Asset Management Americas Inc. now owns 161,443 shares of the technology company’s stock valued at $4,343,000 after buying an additional 6,970 shares during the period. Retirement Systems of Alabama boosted its stake in CSRA by 5.3% in the third quarter. Retirement Systems of Alabama now owns 73,655 shares of the technology company’s stock valued at $1,981,000 after buying an additional 3,724 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in CSRA by 3.2% in the third quarter. Bank of New York Mellon Corp now owns 1,123,545 shares of the technology company’s stock valued at $30,223,000 after buying an additional 34,363 shares during the period. 90.66% of the stock is owned by institutional investors.
Shares of CSRA Inc (NYSE:CSRA) traded up 0.73% on Thursday, hitting $28.92. The company’s stock had a trading volume of 550,812 shares. The stock’s 50 day moving average price is $28.84 and its 200 day moving average price is $29.79. CSRA Inc has a 52 week low of $21.95 and a 52 week high of $33.54. The stock has a market capitalization of $4.72 billion, a P/E ratio of 24.41 and a beta of 2.23.
CSRA (NYSE:CSRA) last announced its quarterly earnings data on Tuesday, February 7th. The technology company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The business earned $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. CSRA had a net margin of 3.88% and a return on equity of 173.82%. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 earnings per share. On average, analysts forecast that CSRA Inc will post $1.99 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Wednesday, April 5th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Monday, April 3rd. CSRA’s dividend payout ratio is currently 34.19%.
Several equities research analysts have recently issued reports on CSRA shares. Zacks Investment Research cut CSRA from a “hold” rating to a “sell” rating in a report on Thursday, February 2nd. Royal Bank of Canada started coverage on CSRA in a report on Thursday, January 12th. They issued an “outperform” rating and a $37.00 target price on the stock. Cowen and Company cut CSRA from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $35.00 to $32.00 in a report on Monday, March 6th. Evercore ISI started coverage on CSRA in a report on Tuesday, April 4th. They issued an “outperform” rating and a $34.00 target price on the stock. Finally, Vertical Research started coverage on CSRA in a report on Thursday, March 16th. They issued a “hold” rating and a $32.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. CSRA has an average rating of “Buy” and an average target price of $33.82.
In other news, EVP Paul Nedzbala sold 15,336 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $30.38, for a total transaction of $465,907.68. Following the completion of the transaction, the executive vice president now owns 405 shares of the company’s stock, valued at $12,303.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.
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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