M&T Bank Corp decreased its position in CSRA Inc. (NYSE:CSRA) by 0.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,468 shares of the technology company’s stock after selling 53 shares during the period. M&T Bank Corp’s holdings in CSRA were worth $308,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC increased its position in shares of CSRA by 25.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,369,602 shares of the technology company’s stock worth $43,608,000 after buying an additional 275,602 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of CSRA by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 127,262 shares of the technology company’s stock worth $3,728,000 after buying an additional 3,858 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of CSRA by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 850,004 shares of the technology company’s stock worth $27,065,000 after buying an additional 61,568 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of CSRA by 1.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 217,642 shares of the technology company’s stock worth $6,930,000 after buying an additional 2,992 shares in the last quarter. Finally, Comerica Bank increased its position in shares of CSRA by 13.4% in the fourth quarter. Comerica Bank now owns 145,769 shares of the technology company’s stock worth $4,818,000 after buying an additional 17,182 shares in the last quarter. 94.32% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for CSRA (NYSE:CSRA)

Shares of CSRA Inc. (NYSE:CSRA) opened at 32.35 on Friday. CSRA Inc. has a 1-year low of $21.95 and a 1-year high of $33.54. The stock’s 50 day moving average price is $30.17 and its 200 day moving average price is $30.47. The stock has a market cap of $5.28 billion, a PE ratio of 17.58 and a beta of 1.96.

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 128.47% and a net margin of 6.09%. 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, equities research analysts anticipate that CSRA Inc. will post $1.95 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 12th. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Tuesday, June 13th. CSRA’s payout ratio is currently 21.86%.

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A number of brokerages recently issued reports on CSRA. Zacks Investment Research raised CSRA from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Thursday, April 13th. Cowen and Company downgraded CSRA from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $35.00 to $32.00 in a report on Monday, March 6th. Evercore ISI began coverage on CSRA in a report on Tuesday, April 4th. They issued an “outperform” rating and a $34.00 price target 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, Royal Bank Of Canada boosted their price objective on CSRA from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, May 25th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. CSRA currently has a consensus rating of “Buy” and an average target price of $34.33.

In other CSRA news, insider Lawrence B. Prior III bought 49,500 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were purchased at an average price of $30.50 per share, with a total value of $1,509,750.00. Following the purchase, the insider now directly owns 76,270 shares of the company’s stock, valued at $2,326,235. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David F. Keffer sold 20,000 shares of CSRA stock in a transaction on Wednesday, May 31st. The shares were 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 disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

About CSRA

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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