The CSRA Inc (CSRA) Stake Decreased by New Mexico Educational Retirement Board

The CSRA Inc (CSRA) Stake Decreased by New Mexico Educational Retirement Board

Several other hedge funds also recently modified their holdings of the company. FMR LLC increased its stake in shares of CSRA by 90.6% in the fourth quarter. FMR LLC now owns 13,309,541 shares of the technology company’s stock worth $423,775,000 after buying an additional 6,325,375 shares during the last quarter. Norges Bank purchased a new position in CSRA during the fourth quarter valued at $61,331,000. Prudential PLC purchased a new position in CSRA during the fourth quarter valued at $46,706,000. Allianz Asset Management AG increased its position in CSRA by 66.7% in the fourth quarter. Allianz Asset Management AG now owns 3,158,262 shares of the technology company’s stock valued at $100,559,000 after buying an additional 1,263,710 shares in the last quarter. Finally, Fiera Capital Corp purchased a new position in CSRA during the fourth quarter valued at $34,227,000. 90.66% of the stock is owned by institutional investors and hedge funds.

New Mexico Educational Retirement Board cut its position in CSRA Inc (NYSE:CSRA) by 5.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,687 shares of the technology company’s stock after selling 900 shares during the period. New Mexico Educational Retirement Board’s holdings in CSRA were worth $430,000 as of its most recent filing with the SEC.

Shares of CSRA Inc (CSRA) opened at 30.44 on Monday. The firm has a 50-day moving average price of $29.37 and a 200-day moving average price of $30.46. The stock has a market cap of $4.97 billion, a PE ratio of 16.54 and a beta of 2.23. CSRA Inc has a 52 week low of $21.95 and a 52 week high of $33.54.

CSRA (NYSE:CSRA) last announced its quarterly earnings results on Wednesday, May 24th. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.03. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.25 billion. CSRA had a return on equity of 173.82% and a net margin of 3.88%. The business’s revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.50 EPS. On average, analysts forecast that CSRA Inc will post $1.95 earnings per share for the current fiscal year. The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 12th. Investors of record on Thursday, June 15th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Tuesday, June 13th. CSRA’s dividend payout ratio is currently 34.19%.

Several equities analysts have weighed in on CSRA shares. Zacks Investment Research raised CSRA from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Thursday, April 13th. Cowen and Company cut CSRA from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $35.00 to $32.00 in a research note on Monday, March 6th. Evercore ISI began coverage on CSRA in a research note on Tuesday, April 4th. They issued an “outperform” rating and a $34.00 price objective for the company. Vertical Research began coverage on CSRA in a research note on Thursday, March 16th. They issued a “hold” rating and a $32.00 price objective for the company. Finally, Loop Capital began coverage on CSRA in a research note on Tuesday, February 14th. They issued a “buy” rating and a $36.00 price objective for the company. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $34.33. In related news, CFO David F. Keffer sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $30.08, for a total value of $601,600.00. Following the sale, the chief financial officer now directly owns 8,202 shares in the company, valued at approximately $246,716.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by company insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CSRA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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