Axa lifted its stake in shares of CSRA Inc (NYSE:CSRA) by 87.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 291,100 shares of the technology company’s stock after buying an additional 136,062 shares during the period. Axa owned about 0.18% of CSRA worth $8,710,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Iridian Asset Management LLC CT bought a new stake in CSRA during the fourth quarter worth $59,049,000. M&T Bank Corp bought a new stake in CSRA during the fourth quarter worth $332,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in CSRA during the fourth quarter worth $237,000. Schwab Charles Investment Management Inc. lifted its holdings in CSRA by 5.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,074,503 shares of the technology company’s stock worth $32,150,000 after acquiring an additional 54,011 shares during the period. Finally, Legal & General Group Plc lifted its holdings in CSRA by 4.1% during the third quarter. Legal & General Group Plc now owns 693,659 shares of the technology company’s stock worth $22,382,000 after acquiring an additional 27,598 shares during the period. 94.51% of the stock is currently owned by institutional investors.
A number of brokerages recently commented on CSRA. Zacks Investment Research lowered CSRA from a “buy” rating to a “hold” rating in a report on Monday. Stifel Nicolaus lowered CSRA from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Raymond James Financial reiterated a “market perform” rating on shares of CSRA in a report on Tuesday, February 13th. Wells Fargo & Co lowered CSRA from an “outperform” rating to a “market perform” rating and set a $42.00 price target on the stock. in a report on Monday, February 12th. Finally, Jefferies Group set a $35.00 price target on CSRA and gave the stock a “hold” rating in a report on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $36.88.
CSRA (NYSE:CSRA) last issued its earnings results on Wednesday, February 7th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.08. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.27 billion. CSRA had a return on equity of 68.98% and a net margin of 7.46%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 earnings per share. equities research analysts predict that CSRA Inc will post 2.04 EPS for the current year.
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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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