Computer Sciences Corp. (CSC) Trading Up 2.2%
Shares of Computer Sciences Corp. (NYSE:CSC) were up 2.2% during trading on Thursday . The company traded as high as $48.19 and last traded at $48.07, with a volume of 583,320 shares changing hands. The stock had previously closed at $47.04.
A number of analysts have recently commented on CSC shares. Jefferies Group restated a “buy” rating on shares of Computer Sciences Corp. in a report on Thursday, May 19th. Zacks Investment Research raised Computer Sciences Corp. from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Monday, July 11th. Barclays PLC reaffirmed a “buy” rating on shares of Computer Sciences Corp. in a research report on Saturday, July 9th. BMO Capital Markets reaffirmed a “buy” rating and issued a $57.00 price target on shares of Computer Sciences Corp. in a research report on Wednesday, July 27th. Finally, Morgan Stanley lowered their price target on 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. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $46.93.
The company has a market capitalization of $6.69 billion and a P/E ratio of 98.41. The stock’s 50-day moving average price is $47.47 and its 200 day moving average price is $40.36.
Computer Sciences Corp. (NYSE:CSC) last released its quarterly earnings data on Monday, August 8th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.08. During the same period in the previous year, the business earned $1.11 earnings per share. The firm earned $1.93 billion during the quarter, compared to analysts’ expectations of $1.93 billion. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts predict that Computer Sciences Corp. will post $2.82 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Wednesday, August 31st will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.18%. The ex-dividend date is Monday, August 29th.
In related news, VP James R. Smith sold 60,530 shares of the firm’s stock in a transaction that occurred on Thursday, June 16th. The stock was sold at an average price of $50.98, for a total value of $3,085,819.40. Following the completion of the transaction, the vice president now directly owns 65,605 shares of the company’s stock, valued at approximately $3,344,542.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John M. Lawrie sold 7,100 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $51.54, for a total value of $365,934.00. Following the completion of the transaction, the chief executive officer now directly owns 376,963 shares of the company’s stock, valued at $19,428,673.02. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Computer Sciences Corp. stock. I.G. Investment Management LTD. boosted its stake in shares of Computer Sciences Corp. (NYSE:CSC) by 12.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 178,137 shares of the company’s stock after buying an additional 19,180 shares during the period. I.G. Investment Management LTD. owned 0.13% of Computer Sciences Corp. worth $5,822,000 at the end of the most recent quarter.
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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