Computer Sciences Corp. (CSC) Shares Up 2.2%
Computer Sciences Corp. (NYSE:CSC) shares shot up 2.2% during trading on Thursday . The stock traded as high as $48.19 and last traded at $48.07, with a volume of 583,320 shares. The stock had previously closed at $47.04.
Several research firms have commented on CSC. BMO Capital Markets reiterated a “buy” rating and set a $57.00 price target on shares of Computer Sciences Corp. in a report on Tuesday, August 9th. Zacks Investment Research upgraded shares of Computer Sciences Corp. from a “strong sell” rating to a “hold” rating in a report on Monday, August 29th. Jefferies Group reiterated a “buy” rating and set a $63.00 price target on shares of Computer Sciences Corp. in a report on Tuesday, August 9th. TheStreet cut shares of Computer Sciences Corp. from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Citigroup Inc. reiterated a “hold” rating on shares of Computer Sciences Corp. in a report on Thursday, May 26th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $46.93.
The stock has a market capitalization of $6.89 billion and a P/E ratio of 101.40. The company has a 50-day moving average price of $47.45 and a 200 day moving average price of $40.47.
Computer Sciences Corp. (NYSE:CSC) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.08. During the same quarter in the prior year, the business earned $1.11 EPS. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.93 billion. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts expect 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. Stockholders of record on Wednesday, August 31st will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, August 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.14%.
In related news, CEO John M. Lawrie sold 168,481 shares of Computer Sciences Corp. stock in a transaction on Monday, June 20th. The shares were sold at an average price of $50.70, for a total value of $8,541,986.70. Following the completion of the sale, the chief executive officer now owns 425,548 shares in the company, valued at $21,575,283.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John M. Lawrie sold 7,100 shares of Computer Sciences Corp. stock in a transaction on Monday, June 13th. The stock was sold at an average price of $51.54, for a total transaction of $365,934.00. Following the completion of the sale, the chief executive officer now owns 376,963 shares of the company’s stock, valued at approximately $19,428,673.02. The disclosure for this sale can be found here.
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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