Computer Sciences Corp. (NYSE:CSC) CFO Paul N. Saleh sold 10,000 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $51.93, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Computer Sciences Corp. (NYSE:CSC) opened at 50.84 on Monday. The firm 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 cap of $7.14 billion, a price-to-earnings ratio of 105.04 and a beta of 1.23. Computer Sciences Corp. has a 1-year low of $24.27 and a 1-year high of $53.46.
Computer Sciences Corp. (NYSE:CSC) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.08. The firm earned $1.93 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Computer Sciences Corp. had a return on equity of 19.10% and a net margin of 0.77%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.11 EPS. Equities analysts predict that Computer Sciences Corp. will post $2.82 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Wednesday, August 31st were issued a $0.14 dividend. The ex-dividend date of this dividend was Monday, August 29th. This represents a $0.56 annualized dividend and a yield of 1.10%. Computer Sciences Corp.’s dividend payout ratio is presently 130.23%.
Institutional investors have recently bought and sold shares of the company. Bogle Investment Management L P DE acquired a new position in Computer Sciences Corp. during the first quarter worth approximately $4,743,000. Geode Capital Management LLC boosted its position in Computer Sciences Corp. by 3.5% in the first quarter. Geode Capital Management LLC now owns 843,164 shares of the company’s stock worth $28,996,000 after buying an additional 28,524 shares during the period. UBS Group AG boosted its position in Computer Sciences Corp. by 15.3% in the first quarter. UBS Group AG now owns 262,239 shares of the company’s stock worth $9,018,000 after buying an additional 34,804 shares during the period. OMERS ADMINISTRATION Corp acquired a new position in Computer Sciences Corp. during the first quarter worth approximately $564,000. Finally, M&T Bank Corp boosted its position in Computer Sciences Corp. by 5.2% in the first quarter. M&T Bank Corp now owns 14,052 shares of the company’s stock worth $484,000 after buying an additional 689 shares during the period. 91.97% of the stock is owned by institutional investors.
A number of brokerages have weighed in on CSC. Barclays PLC reiterated a “buy” rating on shares of Computer Sciences Corp. in a research report on Saturday, July 9th. Zacks Investment Research upgraded Computer Sciences Corp. from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Monday, July 11th. Citigroup Inc. increased their target price on Computer Sciences Corp. from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Jefferies Group restated a “buy” rating and set a $63.00 target price on shares of Computer Sciences Corp. in a report on Wednesday, June 29th. Finally, BMO Capital Markets restated a “buy” rating and set a $57.00 target price on shares of Computer Sciences Corp. in a report on Tuesday, August 9th. 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 stock. The company presently has a consensus rating of “Hold” and an average price target of $48.00.
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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