Short Interest in CSRA Inc (CSRA) Drops By 41.2%

CSRA Inc (NYSE:CSRA) was the recipient of a large decrease in short interest during the month of March. As of March 29th, there was short interest totalling 2,623,132 shares, a decrease of 41.2% from the March 15th total of 4,458,340 shares. Based on an average daily volume of 6,068,309 shares, the short-interest ratio is presently 0.4 days. Currently, 1.6% of the company’s stock are sold short.

Institutional investors and hedge funds have recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. acquired a new stake in CSRA during the 4th quarter worth about $127,000. Neuberger Berman Group LLC acquired a new stake in CSRA during the 3rd quarter worth about $211,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in CSRA during the 4th quarter worth about $237,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in CSRA by 49.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,630 shares of the technology company’s stock worth $258,000 after purchasing an additional 2,849 shares during the period. Finally, LMR Partners LLP acquired a new stake in CSRA during the 4th quarter worth about $289,000. 94.32% of the stock is currently owned by institutional investors.

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NYSE CSRA opened at $41.23 on Wednesday. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.04 and a current ratio of 1.04. CSRA has a 1 year low of $27.38 and a 1 year high of $41.60. The firm has a market capitalization of $6,758.67, a P/E ratio of 21.59, a PEG ratio of 1.87 and a beta of 0.84.

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

The business also recently declared a dividend, which was paid on Wednesday, March 28th. Shareholders of record on Thursday, March 29th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, March 28th. CSRA’s dividend payout ratio is currently 20.94%.

Several analysts have recently commented on the company. Royal Bank of Canada set a $41.00 price objective on CSRA and gave the company a “buy” rating in a report on Tuesday, January 23rd. Jefferies Group reiterated a “hold” rating and set a $33.00 price objective on shares of CSRA in a report on Monday, January 8th. Zacks Investment Research upgraded CSRA from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a report on Monday, February 12th. Drexel Hamilton downgraded CSRA from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Finally, Raymond James Financial reissued a “market perform” rating on shares of CSRA in a research report on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $37.19.

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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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