CSRA Inc (CSRA) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of CSRA Inc (NYSE:CSRA) from a sell rating to a hold rating in a research note published on Wednesday morning.

According to Zacks, “CSRA Inc. offer information technology services. The Company’s operating segments consists of Defense and Intelligence and Civil. Defense and Intelligence segment provides services to the DoD, National Security Agency, branches of the Armed Forces and other DoD agencies. Civil segment provides services to federal agencies within the Department of Homeland Security and other federal civil agencies as well as state and local agencies. CSRA Inc. is based in Falls Church, United States. “

Several other research firms have also commented on CSRA. Royal Bank of Canada assumed coverage on CSRA in a report on Thursday, January 12th. They set an outperform rating and a $37.00 target price on the stock. Jefferies Group LLC reiterated a buy rating and set a $35.00 price target on shares of CSRA in a research report on Wednesday, February 8th. Drexel Hamilton started coverage on CSRA in a research report on Tuesday, November 22nd. They set a buy rating and a $38.00 price target on the stock. TheStreet upgraded CSRA from a d+ rating to a c rating in a research report on Tuesday, February 7th. Finally, Loop Capital started coverage on CSRA in a research report on Tuesday, February 14th. They set a buy rating and a $36.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. CSRA currently has a consensus rating of Buy and a consensus price target of $34.20.

CSRA (NYSE:CSRA) opened at 29.06 on Wednesday. The stock’s 50 day moving average price is $29.82 and its 200-day moving average price is $29.56. The stock has a market capitalization of $4.74 billion, a PE ratio of 24.52 and a beta of 2.23. CSRA has a 52-week low of $21.95 and a 52-week high of $33.54.

CSRA (NYSE:CSRA) last posted its earnings results on Tuesday, February 7th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. CSRA had a return on equity of 173.82% and a net margin of 3.88%. CSRA’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period last year, the company earned $0.48 earnings per share. On average, equities analysts expect that CSRA will post $2.01 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Wednesday, April 5th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, April 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.38%. CSRA’s dividend payout ratio is currently 34.19%.

In other CSRA news, EVP Paul Nedzbala sold 15,336 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $30.38, for a total transaction of $465,907.68. Following the transaction, the executive vice president now owns 405 shares in the company, valued at $12,303.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

A number of institutional investors have recently modified their holdings of CSRA. BlackRock Institutional Trust Company N.A. increased its position in shares of CSRA by 5.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 4,032,131 shares of the company’s stock worth $108,464,000 after buying an additional 195,128 shares in the last quarter. Sei Investments Co. increased its position in shares of CSRA by 76.1% in the third quarter. Sei Investments Co. now owns 104,135 shares of the company’s stock worth $2,801,000 after buying an additional 44,999 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of CSRA by 241.6% in the third quarter. Wells Fargo & Company MN now owns 516,239 shares of the company’s stock worth $13,886,000 after buying an additional 365,112 shares in the last quarter. Epoch Investment Partners Inc. increased its position in shares of CSRA by 40.1% in the third quarter. Epoch Investment Partners Inc. now owns 1,494,170 shares of the company’s stock worth $40,193,000 after buying an additional 427,760 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in CSRA by 25.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,369,602 shares of the company’s stock valued at $43,608,000 after buying an additional 275,602 shares during the period. Institutional investors own 90.66% of the company’s stock.

About CSRA

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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