Shares of Computer Sciences Corp. (NYSE:CSC) have been assigned a consensus recommendation of “Hold” from the sixteen research firms that are currently covering the firm. One investment analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $49.36.
A number of research analysts have recently issued reports on the company. Zacks Investment Research raised Computer Sciences Corp. from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Monday, July 11th. Barclays PLC reissued a “buy” rating on shares of Computer Sciences Corp. in a research note on Saturday, July 9th. Jefferies Group reissued a “buy” rating and issued a $63.00 target price on shares of Computer Sciences Corp. in a research note on Wednesday, June 29th. BMO Capital Markets reissued a “buy” rating and issued a $57.00 target price on shares of Computer Sciences Corp. in a research note on Wednesday, July 27th. Finally, Morgan Stanley cut their target price on Computer Sciences Corp. from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 9th.
In related news, CEO John M. Lawrie sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $49.63, for a total value of $397,040.00. 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 document filed with the SEC, which is available through this hyperlink. Also, Chairman John M. Lawrie sold 6,400 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $47.95, for a total transaction of $306,880.00. Following the completion of the transaction, the chairman now owns 398,829 shares of the company’s stock, valued at $19,123,850.55. The disclosure for this sale can be found here. 1.53% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in CSC. PGGM Investments raised its position in shares of Computer Sciences Corp. by 74.0% in the second quarter. PGGM Investments now owns 893,637 shares of the company’s stock worth $44,369,000 after buying an additional 380,146 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Computer Sciences Corp. by 38.6% in the first quarter. Envestnet Asset Management Inc. now owns 38,556 shares of the company’s stock worth $1,326,000 after buying an additional 10,746 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of Computer Sciences Corp. by 77.5% in the second quarter. LS Investment Advisors LLC now owns 8,680 shares of the company’s stock worth $431,000 after buying an additional 3,789 shares during the last quarter. Bogle Investment Management L P DE purchased a new position in shares of Computer Sciences Corp. during the first quarter worth $4,743,000. Finally, Ngam Advisors L.P. purchased a new position in shares of Computer Sciences Corp. during the second quarter worth $727,000. Institutional investors own 91.97% of the company’s stock.
Computer Sciences Corp. (NYSE:CSC) opened at 50.84 on Thursday. Computer Sciences Corp. has a 52 week low of $24.27 and a 52 week high of $53.46. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 105.04 and a beta of 1.24. The stock has a 50 day moving average price of $49.02 and a 200 day moving average price of $44.04.
Computer Sciences Corp. (NYSE:CSC) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.08. Computer Sciences Corp. had a return on equity of 19.10% and a net margin of 0.77%. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same period last year, the firm earned $1.11 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts forecast that Computer Sciences Corp. will post $2.82 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Wednesday, August 31st were issued a $0.14 dividend. The ex-dividend date was Monday, August 29th. This represents a $0.56 dividend on an annualized basis and a yield of 1.10%. 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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