Cornerstone Capital Management Holdings LLC. Reduces Position in CSRA Inc (CSRA)

Cornerstone Capital Management Holdings LLC. lowered its holdings in shares of CSRA Inc (NYSE:CSRA) by 56.5% during the 4th quarter, HoldingsChannel reports. The fund owned 30,792 shares of the technology company’s stock after selling 40,026 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in CSRA were worth $920,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Advisor Group Inc. lifted its stake in shares of CSRA by 18.6% in the fourth quarter. Advisor Group Inc. now owns 9,925 shares of the technology company’s stock worth $298,000 after buying an additional 1,560 shares in the last quarter. New Mexico Educational Retirement Board lifted its stake in shares of CSRA by 12.2% in the fourth quarter. New Mexico Educational Retirement Board now owns 15,687 shares of the technology company’s stock worth $469,000 after buying an additional 1,700 shares in the last quarter. Amalgamated Bank lifted its stake in shares of CSRA by 5.3% in the fourth quarter. Amalgamated Bank now owns 34,952 shares of the technology company’s stock worth $1,046,000 after buying an additional 1,744 shares in the last quarter. Argyle Capital Management Inc. lifted its stake in shares of CSRA by 5.2% in the fourth quarter. Argyle Capital Management Inc. now owns 40,200 shares of the technology company’s stock worth $1,203,000 after buying an additional 2,000 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of CSRA by 10.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 23,022 shares of the technology company’s stock worth $689,000 after buying an additional 2,100 shares in the last quarter. 94.32% of the stock is currently owned by institutional investors and hedge funds.

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Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of CSRA from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. Loop Capital downgraded shares of CSRA from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a research note on Thursday, February 15th. SunTrust Banks downgraded shares of CSRA from a “buy” rating to a “hold” rating and set a $40.75 target price on the stock. in a research note on Wednesday, February 14th. Raymond James Financial restated a “market perform” rating on shares of CSRA in a research report on Tuesday, February 13th. Finally, Drexel Hamilton downgraded shares of CSRA from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $36.88.

Shares of CSRA stock opened at $41.23 on Monday. The company has a market cap of $6,758.67, a P/E ratio of 21.59, a P/E/G ratio of 2.12 and a beta of 0.92. CSRA Inc has a twelve month low of $27.38 and a twelve month 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.

CSRA (NYSE:CSRA) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.08. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.27 billion. CSRA had a net margin of 7.46% and a return on equity of 68.98%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 earnings per share. research analysts anticipate that CSRA Inc will post 2.04 earnings per share for the current fiscal year.

The business also recently disclosed a dividend, which was paid on Wednesday, March 28th. Investors of record on Thursday, March 29th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, March 28th. CSRA’s dividend payout ratio (DPR) is 20.94%.

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CSRA 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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