Computer Sciences Corp. (NYSE:CSC) Receives Average Recommendation of “Hold” from Analysts
Computer Sciences Corp. (NYSE:CSC) has been given an average recommendation of “Hold” by the sixteen brokerages that are currently covering the company. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $49.36.
Several research firms have issued reports on CSC. Zacks Investment Research raised shares of Computer Sciences Corp. from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Monday, July 11th. Barclays PLC reissued a “buy” rating on shares of Computer Sciences Corp. in a research report on Saturday, July 9th. Jefferies Group reissued a “buy” rating and issued a $63.00 price objective on shares of Computer Sciences Corp. in a research report on Wednesday, June 29th. BMO Capital Markets reissued a “buy” rating and issued a $57.00 price objective on shares of Computer Sciences Corp. in a research report on Wednesday, July 27th. Finally, Morgan Stanley dropped their price objective on shares of Computer Sciences Corp. from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 9th.
In other news, CFO Paul N. Saleh sold 65,000 shares of the firm’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 sale, the chief financial officer now directly owns 151,153 shares in the company, valued at approximately $7,557,650. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Paul N. Saleh sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $51.93, for a total transaction of $519,300.00. Following the completion of the sale, the chief financial officer now owns 96,153 shares in the company, valued at $4,993,225.29. The disclosure for this sale can be found here. 1.53% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of CSC. Checchi Capital Advisers LLC increased its stake in Computer Sciences Corp. 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Computer Sciences Corp. 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 during the last quarter. Laurion Capital Management LP bought a new stake in Computer Sciences Corp. during the second quarter worth $204,000. Jane Street Group LLC bought a new stake in Computer Sciences Corp. during the second quarter worth $204,000. Finally, Savant Capital LLC bought a new stake in Computer Sciences Corp. during the second quarter worth $207,000. Institutional investors own 91.97% of the company’s stock.
Computer Sciences Corp. (NYSE:CSC) traded up 0.41% during trading on Thursday, reaching $51.84. 645,113 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $48.70 and its 200 day moving average price is $43.85. The firm has a market cap of $7.28 billion, a P/E ratio of 107.11 and a beta of 1.24. Computer Sciences Corp. has a 52-week low of $24.27 and a 52-week high of $53.46.
Computer Sciences Corp. (NYSE:CSC) last posted its quarterly earnings results 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. Computer Sciences Corp. had a net margin of 0.77% and a return on equity of 19.10%. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period in the prior year, the firm posted $1.11 earnings per share. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities research analysts anticipate that Computer Sciences Corp. will post $2.82 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Wednesday, August 31st were paid a $0.14 dividend. The ex-dividend date was Monday, August 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.08%. Computer Sciences Corp.’s payout ratio is currently 130.23%.
About Computer Sciences Corp.
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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