Franklin Resources Inc. trimmed its stake in shares of CSRA Inc (NYSE:CSRA) by 5.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,947,294 shares of the technology company’s stock after selling 228,112 shares during the period. Franklin Resources Inc.’s holdings in CSRA were worth $118,103,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Iridian Asset Management LLC CT purchased a new position in shares of CSRA during the fourth quarter valued at approximately $59,049,000. M&T Bank Corp purchased a new position in shares of CSRA during the fourth quarter valued at approximately $332,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in shares of CSRA during the fourth quarter valued at approximately $237,000. Schwab Charles Investment Management Inc. raised its holdings in shares of 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 valued at $32,150,000 after purchasing an additional 54,011 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of CSRA by 4.1% during the third quarter. Legal & General Group Plc now owns 693,659 shares of the technology company’s stock valued at $22,382,000 after purchasing an additional 27,598 shares during the last quarter. 94.51% of the stock is owned by hedge funds and other institutional investors.

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Several research analysts have recently weighed in on the stock. BidaskClub cut shares of CSRA from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 15th. Zacks Investment Research raised shares of CSRA from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. Stifel Nicolaus reissued a “buy” rating and set a $39.00 price objective on shares of CSRA in a report on Tuesday, November 21st. Royal Bank of Canada set a $41.00 price objective on shares of CSRA and gave the company a “buy” rating in a report on Tuesday, January 23rd. Finally, Jefferies Group reissued a “hold” rating and set a $33.00 price objective on shares of CSRA in a report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $36.88.

Shares of CSRA Inc (CSRA) opened at $40.58 on Wednesday. CSRA Inc has a twelve month low of $27.38 and a twelve month high of $40.84. The company has a market cap of $6,655.40, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 2.09 and a beta of 0.92. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 4.39.

CSRA (NYSE:CSRA) last announced its earnings results on Wednesday, February 7th. The technology company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.08. CSRA had a net margin of 7.46% and a return on equity of 68.98%. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the company earned $0.48 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. equities research analysts predict that CSRA Inc will post 2.04 EPS for the current year.

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CSRA 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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Institutional Ownership by Quarter for CSRA (NYSE:CSRA)

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