Retirement Systems of Alabama increased its position in shares of Computer Sciences Corp. (NYSE:CSC) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,889 shares of the company’s stock after buying an additional 859 shares during the period. Retirement Systems of Alabama’s holdings in Computer Sciences Corp. were worth $8,882,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in CSC. Checchi Capital Advisers LLC raised its position in shares of 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 in the last quarter. Raymond James Trust N.A. raised its position in Computer Sciences Corp. by 5.7% in the second quarter. Raymond James Trust N.A. now owns 6,450 shares of the company’s stock valued at $320,000 after buying an additional 350 shares during the period. Fulton Bank N.A. acquired a new position in Computer Sciences Corp. during the second quarter valued at about $358,000. Jacobs Levy Equity Management Inc. acquired a new position in Computer Sciences Corp. during the first quarter valued at about $394,000. Finally, LS Investment Advisors LLC raised its position in Computer Sciences Corp. by 77.5% in the second quarter. LS Investment Advisors LLC now owns 8,680 shares of the company’s stock valued at $431,000 after buying an additional 3,789 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.
Shares of Computer Sciences Corp. (NYSE:CSC) traded down 1.72% during trading on Friday, reaching $50.84. 2,195,012 shares of the company traded hands. The company has a 50 day moving average price of $49.02 and a 200 day moving average price of $44.04. The firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of 105.04 and a beta of 1.24. Computer Sciences Corp. has a 12-month low of $24.27 and a 12-month high of $53.46.
Computer Sciences Corp. (NYSE:CSC) last issued its earnings results on Monday, August 8th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.45 by $0.08. The company earned $1.93 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Computer Sciences Corp. had a net margin of 0.77% and a return on equity of 19.10%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.11 EPS. On average, equities analysts predict that Computer Sciences Corp. will post $2.82 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Stockholders of record on Wednesday, August 31st were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Monday, August 29th. Computer Sciences Corp.’s payout ratio is presently 130.23%.
Several research analysts recently issued reports on the stock. Barclays PLC reissued a “buy” rating on shares of Computer Sciences Corp. in a research report on Saturday, July 9th. BMO Capital Markets reissued a “buy” rating and issued a $57.00 price target on shares of Computer Sciences Corp. in a research report on Tuesday, August 9th. Cantor Fitzgerald reissued a “hold” rating on shares of Computer Sciences Corp. in a research report on Monday, August 8th. Zacks Investment Research lowered shares of Computer Sciences Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, Jefferies Group reissued a “buy” rating and issued a $63.00 price target on shares of Computer Sciences Corp. in a research report on Wednesday, June 29th. One 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 presently has a consensus rating of “Hold” and an average target price of $48.00.
In other news, CEO John M. Lawrie sold 8,069 shares of the business’s stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $49.63, for a total value of $400,464.47. Following the completion of the transaction, the chief executive officer now directly owns 400,729 shares in the company, valued at approximately $19,888,180.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman John M. Lawrie sold 5,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $47.61, for a total transaction of $266,616.00. Following the completion of the transaction, the chairman now owns 392,629 shares of the company’s stock, valued at $18,693,066.69. The disclosure for this sale can be found here. 1.53% of the stock is currently owned by insiders.
Computer Sciences Corp. 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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