Computer Sciences Co. (CSC) CFO Sells $3,250,000.00 in Stock
Computer Sciences Co. (NYSE:CSC) CFO Paul N. Saleh sold 65,000 shares of the company’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $50.00, for a total value of $3,250,000.00. Following the completion of the sale, the chief financial officer now owns 151,153 shares in the company, valued at $7,557,650. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Computer Sciences Co. (NYSE:CSC) traded up 4.16% on Wednesday, reaching $51.36. The company’s stock had a trading volume of 2,135,058 shares. Computer Sciences Co. has a 52-week low of $24.27 and a 52-week high of $52.55. The company has a market cap of $7.21 billion, a price-to-earnings ratio of 106.12 and a beta of 1.30. The stock has a 50-day moving average of $47.42 and a 200 day moving average of $42.32.
Computer Sciences (NYSE:CSC) last released its quarterly earnings data on Monday, August 8th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.08. The firm earned $1.93 billion during the quarter, compared to analyst estimates of $1.93 billion. Computer Sciences had a return on equity of 19.10% and a net margin of 0.77%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.11 earnings per share. On average, equities research analysts forecast that Computer Sciences Co. 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. Stockholders of record on Wednesday, August 31st will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Monday, August 29th. Computer Sciences’s dividend payout ratio (DPR) is 130.23%.
Several analysts recently commented on CSC shares. Barclays PLC upgraded Computer Sciences from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $35.00 to $54.00 in a report on Wednesday, May 25th. Raymond James Financial Inc. lowered Computer Sciences from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 25th. They noted that the move was a valuation call. BMO Capital Markets raised Computer Sciences from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 25th. Wells Fargo & Co. reissued a “hold” rating on shares of Computer Sciences in a research note on Wednesday, May 25th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $48.00 price target (up from $34.00) on shares of Computer Sciences in a research note on Wednesday, May 25th. 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. The company has an average rating of “Hold” and a consensus price target of $48.00.
Several institutional investors have recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC increased its stake in Computer Sciences by 4.0% in the second quarter. Checchi Capital Advisers LLC now owns 2,726 shares of the company’s stock worth $135,000 after buying an additional 104 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Computer Sciences by 8.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,108 shares of the company’s stock worth $204,000 after buying an additional 307 shares in the last quarter. Laurion Capital Management LP purchased a new stake in Computer Sciences during the second quarter worth approximately $204,000. Jane Street Group LLC purchased a new stake in Computer Sciences during the second quarter worth approximately $204,000. Finally, Savant Capital LLC purchased a new stake in Computer Sciences during the second quarter worth approximately $207,000. 91.97% of the stock is owned by hedge funds and other institutional investors.
Computer Sciences Company Profile
Computer Sciences Corporation (CSC) is a global provider of information technology (IT) and professional services and solutions. The Company operates through two segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment provides various technology solutions, including consulting, applications services and software.
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