Computer Sciences Corp. (NYSE:CSC) shares saw unusually-high trading volume on Thursday . Approximately 2,591,915 shares were traded during trading, an increase of 95% from the previous session’s volume of 1,327,961 shares.The stock last traded at $45.76 and had previously closed at $45.74.

CSC has been the subject of a number of research reports. Cantor Fitzgerald restated a “hold” rating on shares of Computer Sciences Corp. in a research report on Monday, August 8th. Zacks Investment Research upgraded shares of Computer Sciences Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. BMO Capital Markets restated a “buy” rating and set a $57.00 target price on shares of Computer Sciences Corp. in a research report on Wednesday, July 27th. Morgan Stanley decreased their target price on shares of Computer Sciences Corp. from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 9th. Finally, Jefferies Group restated a “buy” rating and set a $63.00 target price on shares of Computer Sciences Corp. in a research report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $46.93.

The stock’s 50 day moving average is $48.08 and its 200 day moving average is $39.22. The firm has a market capitalization of $6.43 billion and a P/E ratio of 94.55.

Computer Sciences Corp. (NYSE:CSC) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.08. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the previous year, the business posted $1.11 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities analysts expect that Computer Sciences Corp. will post $2.82 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Wednesday, August 31st will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.22%. The ex-dividend date is Monday, August 29th.

In other Computer Sciences Corp. news, CEO John M. Lawrie sold 7,100 shares of the firm’s stock in a transaction on Monday, June 13th. The shares were sold at an average price of $51.54, for a total transaction of $365,934.00. Following the transaction, the chief executive officer now directly owns 376,963 shares of the company’s stock, valued at approximately $19,428,673.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John M. Lawrie sold 3,700 shares of the firm’s stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $51.49, for a total transaction of $190,513.00. Following the transaction, the chief executive officer now directly owns 372,363 shares in the company, valued at $19,172,970.87. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have modified their holdings of the company. Principal Financial Group Inc. increased its position in shares of Computer Sciences Corp. by 128.0% in the fourth quarter. Principal Financial Group Inc. now owns 442,420 shares of the company’s stock valued at $14,458,000 after buying an additional 248,409 shares during the last quarter. I.G. Investment Management LTD. boosted its stake in Computer Sciences Corp. by 12.1% in the fourth quarter. I.G. Investment Management LTD. now owns 178,137 shares of the company’s stock valued at $5,822,000 after buying an additional 19,180 shares during the period. Jennison Associates LLC boosted its stake in Computer Sciences Corp. by 22.1% in the fourth quarter. Jennison Associates LLC now owns 2,986,164 shares of the company’s stock valued at $97,588,000 after buying an additional 540,252 shares during the period. Finally, KBC Group NV boosted its stake in Computer Sciences Corp. by 8.3% in the fourth quarter. KBC Group NV now owns 155,125 shares of the company’s stock valued at $5,069,000 after buying an additional 11,901 shares during the period.

Computer Sciences Corporation (CSC) is a global provider of information technology (IT) and professional services and solutions. The Company operates through three segments: Global Business Services (GBS), which is a provider of various technology solutions, including consulting, applications services and software; Global Infrastructure Services (GIS), which provides solutions, such as managed and virtual desktop solutions, and data center management, and North American Public Sector (NPS), which delivers IT, mission and operations-related services.

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