CSRA Inc. (CSRA) Upgraded at SunTrust Banks, Inc.
SunTrust Banks, Inc. upgraded shares of CSRA Inc. (NYSE:CSRA) from a hold rating to a buy rating in a research report report published on Friday, Marketbeat reports. The brokerage currently has $39.00 target price on the technology company’s stock, up from their prior target price of $34.00.
A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of CSRA from a hold rating to a buy rating and set a $37.00 price target on the stock in a research report on Friday, September 8th. Royal Bank Of Canada reaffirmed a buy rating on shares of CSRA in a research report on Tuesday, August 15th. Finally, Cowen and Company reaffirmed a market perform rating and set a $35.00 price target (up from $32.00) on shares of CSRA in a research report on Thursday, August 10th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. CSRA currently has a consensus rating of Buy and an average price target of $36.00.
Shares of CSRA (NYSE:CSRA) opened at 31.98 on Friday. The company’s 50-day moving average is $32.07 and its 200 day moving average is $30.71. The stock has a market capitalization of $5.23 billion, a P/E ratio of 16.66 and a beta of 1.95. CSRA has a 52 week low of $24.48 and a 52 week high of $33.67.
CSRA (NYSE:CSRA) last announced its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. CSRA had a net margin of 6.36% and a return on equity of 101.22%. CSRA’s revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 earnings per share. On average, equities analysts forecast that CSRA will post $1.96 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Tuesday, August 29th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, August 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.25%. CSRA’s dividend payout ratio is currently 20.94%.
In other news, EVP John Reing sold 20,298 shares of CSRA stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $31,822.00, for a total transaction of $645,922,956.00. Following the sale, the executive vice president now owns 4,587 shares in the company, valued at $145,967,514. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP George Batsakis sold 28,392 shares of CSRA stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $31.42, for a total transaction of $892,076.64. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of CSRA by 0.4% during the second quarter. Vanguard Group Inc. now owns 19,408,917 shares of the technology company’s stock valued at $616,233,000 after purchasing an additional 82,283 shares during the period. FMR LLC raised its stake in shares of CSRA by 24.2% during the first quarter. FMR LLC now owns 16,529,060 shares of the technology company’s stock valued at $484,137,000 after purchasing an additional 3,219,519 shares during the period. William Blair Investment Management LLC raised its stake in shares of CSRA by 4.9% during the first quarter. William Blair Investment Management LLC now owns 9,515,724 shares of the technology company’s stock valued at $278,716,000 after purchasing an additional 445,335 shares during the period. BlackRock Inc. raised its stake in shares of CSRA by 2.0% during the second quarter. BlackRock Inc. now owns 8,520,575 shares of the technology company’s stock valued at $270,528,000 after purchasing an additional 165,504 shares during the period. Finally, Causeway Capital Management LLC raised its stake in shares of CSRA by 16.7% during the first quarter. Causeway Capital Management LLC now owns 5,686,079 shares of the technology company’s stock valued at $189,902,000 after purchasing an additional 815,575 shares during the period. Institutional investors own 92.42% of the company’s stock.
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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