Zacks Investment Research downgraded shares of CSRA Inc. (NYSE:CSRA) from a buy rating to a hold rating in a report released on Wednesday morning.

According to Zacks, “CSRA is the largest pure play government IT service provider. The company’s deep domain knowledge and expertise in next-generation IT services is aiding it to win new contracts on a regular basis. This was evident from the recently announced first-quarter results. Additionally, partnerships with technology companies like Microsoft, Amazon and Oracle is a key growth driver. Moreover, anticipated improvement in federal spending is a positive for the company. However, near-term uncertainty over the renewal of Greenway contract and delay in TSA contract are headwinds. The lower recompete win rate is a concern in our view.  Notably, the company has underperformed the industry on a year-to-date basis.”

Several other research analysts have also recently issued reports on the company. Royal Bank Of Canada raised their target price on CSRA from $37.00 to $38.00 and gave the stock an outperform rating in a research report on Thursday, May 25th. Cowen and Company reissued a market perform rating and issued a $35.00 target price (up from $32.00) on shares of CSRA in a research report on Thursday, August 10th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $35.38.

CSRA (CSRA) traded down 0.64% during trading on Wednesday, reaching $32.46. 297,099 shares of the company were exchanged. The firm has a 50-day moving average of $32.29 and a 200-day moving average of $30.62. CSRA has a 52-week low of $24.48 and a 52-week high of $33.67. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 16.91 and a beta of 1.95.

CSRA (NYSE:CSRA) last announced its earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. CSRA had a return on equity of 101.22% and a net margin of 6.36%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the firm posted $0.48 earnings per share. On average, equities analysts forecast that CSRA will post $1.96 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Tuesday, August 29th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Friday, August 25th. CSRA’s payout ratio is 20.94%.

In other CSRA news, EVP John Reing sold 20,298 shares of CSRA stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $31,822.00, for a total value of $645,922,956.00. Following the sale, the executive vice president now owns 4,587 shares of the company’s stock, valued at approximately $145,967,514. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP George Batsakis sold 28,392 shares of CSRA stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $31.42, for a total value of $892,076.64. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in CSRA. Ameritas Investment Partners Inc. bought a new stake in CSRA in the 1st quarter worth approximately $102,000. Northwestern Mutual Wealth Management Co. increased its stake in CSRA by 52.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,698 shares of the technology company’s stock worth $117,000 after acquiring an additional 1,269 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in CSRA in the 2nd quarter worth approximately $120,000. GLG Partners LP bought a new stake in CSRA in the 2nd quarter worth approximately $164,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in CSRA by 11.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,781 shares of the technology company’s stock worth $184,000 after acquiring an additional 607 shares during the last quarter. 92.43% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for CSRA (NYSE:CSRA)

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