Oakbrook Investments LLC bought a new position in shares of CSRA Inc. (NYSE:CSRA) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,027 shares of the technology company’s stock, valued at approximately $259,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in CSRA by 52.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,698 shares of the technology company’s stock valued at $117,000 after buying an additional 1,269 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in CSRA in the 2nd quarter worth approximately $120,000. GLG Partners LP purchased a new position in CSRA in the 2nd quarter worth approximately $164,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in CSRA by 11.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,781 shares of the technology company’s stock valued at $184,000 after buying an additional 607 shares during the period. Finally, Cipher Capital LP purchased a new position in shares of CSRA in the second quarter worth about $246,000. 92.34% of the stock is currently owned by hedge funds and other institutional investors.
CSRA Inc. (NYSE CSRA) traded down $0.28 during trading hours on Tuesday, reaching $28.54. The company’s stock had a trading volume of 1,230,800 shares, compared to its average volume of 1,043,330. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.68. The stock has a market capitalization of $4,720.14, a price-to-earnings ratio of 15.09, a PEG ratio of 1.47 and a beta of 1.91. CSRA Inc. has a one year low of $27.65 and a one year high of $33.67.
CSRA (NYSE:CSRA) last issued its earnings results on Tuesday, November 7th. The technology company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.02). CSRA had a net margin of 6.13% and a return on equity of 73.90%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The business’s revenue was up .7% on a year-over-year basis. research analysts predict that CSRA Inc. will post 1.96 EPS for the current fiscal year.
In other CSRA news, Director Craig L. Martin bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was acquired at an average price of $32.31 per share, with a total value of $646,200.00. Following the completion of the transaction, the director now owns 33,500 shares in the company, valued at $1,082,385. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP George Batsakis sold 28,392 shares of CSRA stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $31.42, for a total transaction of $892,076.64. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.
CSRA has been the subject of a number of research reports. Royal Bank Of Canada restated a “buy” rating on shares of CSRA in a research note on Tuesday, August 15th. Vertical Research downgraded shares of CSRA from a “hold” rating to a “sell” rating and set a $31.00 price target on the stock. in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of CSRA from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Friday, September 8th. Cowen and Company reiterated a “market perform” rating and set a $35.00 target price (up previously from $32.00) on shares of CSRA in a research report on Thursday, August 10th. Finally, BidaskClub raised CSRA from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $36.50.
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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