Zacks Investment Research cut shares of CSRA Inc. (NYSE:CSRA) from a buy rating to a hold rating in a research note released on Tuesday 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. “

A number of other analysts also recently weighed in on the company. Drexel Hamilton assumed coverage on CSRA in a report on Tuesday. They issued a buy rating and a $38.00 price objective for the company. Jefferies Group restated a buy rating and issued a $35.00 price objective on shares of CSRA in a report on Thursday, September 15th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $34.20.

Analyst Recommendations for CSRA (NYSE:CSRA)

Shares of CSRA (NYSE:CSRA) opened at 31.96 on Tuesday. The company has a market capitalization of $5.22 billion and a price-to-earnings ratio of 48.13. CSRA has a one year low of $20.98 and a one year high of $32.60. The stock has a 50 day moving average price of $27.33 and a 200-day moving average price of $25.80.

CSRA (NYSE:CSRA) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.10. CSRA had a return on equity of 200.99% and a net margin of 2.43%. The company earned $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. The firm’s revenue was up 30.3% compared to the same quarter last year. On average, equities research analysts expect that CSRA will post $2.03 EPS for the current year.

In related news, EVP John Reing sold 12,926 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $26.63, for a total value of $344,219.38. Following the transaction, the executive vice president now owns 33,895 shares of the company’s stock, valued at approximately $902,623.85. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Lawrence B. Prior III purchased 3,918 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The stock was acquired at an average cost of $25.54 per share, for a total transaction of $100,065.72. Following the transaction, the insider now owns 20,614 shares in the company, valued at approximately $526,481.56. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. acquired a new position in shares of CSRA during the second quarter valued at $17,972,000. Retirement Systems of Alabama boosted its position in shares of CSRA by 1.5% in the second quarter. Retirement Systems of Alabama now owns 69,931 shares of the company’s stock valued at $1,638,000 after buying an additional 1,057 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of CSRA during the second quarter valued at $13,051,000. Oakbrook Investments LLC boosted its position in shares of CSRA by 14.9% in the second quarter. Oakbrook Investments LLC now owns 8,877 shares of the company’s stock valued at $208,000 after buying an additional 1,150 shares during the last quarter. Finally, IBM Retirement Fund boosted its position in shares of CSRA by 18.4% in the second quarter. IBM Retirement Fund now owns 16,515 shares of the company’s stock valued at $387,000 after buying an additional 2,564 shares during the last quarter. 84.03% of the stock is currently owned by institutional investors and hedge funds.

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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.

5 Day Chart for NYSE:CSRA

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