11,107 Shares in CSRA Inc (CSRA) Acquired by M&T Bank Corp

M&T Bank Corp purchased a new stake in shares of CSRA Inc (NYSE:CSRA) in the 4th quarter, HoldingsChannel reports. The fund purchased 11,107 shares of the technology company’s stock, valued at approximately $332,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Neuberger Berman Group LLC purchased a new stake in shares of CSRA during the 3rd quarter valued at about $211,000. Intact Investment Management Inc. purchased a new stake in shares of CSRA during the 3rd quarter valued at about $223,000. Boothbay Fund Management LLC purchased a new stake in shares of CSRA during the 3rd quarter valued at about $234,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in shares of CSRA during the 4th quarter valued at about $237,000. Finally, Oakbrook Investments LLC purchased a new stake in shares of CSRA during the 3rd quarter valued at about $259,000. 95.02% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on CSRA shares. Loop Capital lowered shares of 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. SunTrust Banks lowered shares of CSRA from a “buy” rating to a “hold” rating and set a $40.75 price target for the company. in a research report on Wednesday, February 14th. Wells Fargo & Co lowered shares of CSRA from an “outperform” rating to a “market perform” rating and set a $42.00 price target for the company. in a research report on Monday, February 12th. Cowen reaffirmed a “hold” rating and set a $35.00 price target on shares of CSRA in a research report on Wednesday, February 7th. Finally, Stifel Nicolaus lowered shares of CSRA from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $36.88.

Shares of CSRA Inc (NYSE CSRA) opened at $40.54 on Friday. The stock has a market cap of $6,642.29, a P/E ratio of 20.36, a P/E/G ratio of 2.09 and a beta of 1.81. CSRA Inc has a fifty-two week low of $27.38 and a fifty-two week high of $40.84. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 4.39.

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 Thomson Reuters’ consensus estimate of $0.48 by $0.08. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.27 billion. CSRA had a net margin of 7.46% and a return on equity of 68.98%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 EPS. analysts predict that CSRA Inc will post 2.04 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Thursday, January 4th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Wednesday, January 3rd. CSRA’s dividend payout ratio is 17.47%.

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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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Institutional Ownership by Quarter for CSRA (NYSE:CSRA)

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