Computer Sciences Co. (CSC) Shares Sold by KBC Group

KBC Group lowered its position in Computer Sciences Co. (NYSE:CSC) by 47.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 143,224 shares of the company's stock after selling 131,049 shares during the period. KBC Group owned approximately 0.10% of Computer Sciences worth $8,791,000 as of its most recent SEC filing.

Separately, Northcoast Asset Management boosted its stake in shares of Computer Sciences by 7.1% in the third quarter. Northcoast Asset Management now owns 58,542 shares of the company's stock worth $3,593,000 after buying an additional 3,872 shares during the period.

Computer Sciences Co. (NYSE:CSC ^[1]) opened at 33.17 on Monday. The firm has a 50-day moving average price of $30.08 and a 200-day moving average price of $27.99. The company has a market capitalization of $4.60 billion and a P/E ratio of 218.22. Computer Sciences Co. has a 1-year low of $24.77 and a 1-year high of $33.28.

Computer Sciences (NYSE:CSC) last announced its earnings results on Wednesday, November 4th. The company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.14 by $0.05. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter in the previous year, the company earned $1.18 EPS. The firm's revenue for the quarter was down 11.9% on a year-over-year basis. On average, analysts forecast that Computer Sciences Co. will post $2.59 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 26th. Investors of record on Tuesday, January 5th will be given a dividend of $0.14 per share. This is a boost from Computer Sciences's previous quarterly dividend of $0.13. The ex-dividend date is Thursday, December 31st. This represents a $0.56 annualized dividend and a dividend yield of 1.69%.

A number of analysts have weighed in on CSC shares. TheStreet cut Computer Sciences from a "buy" rating to a "hold" rating in a research report on Tuesday, December 8th. Barclays lowered their price target on Computer Sciences from $67.00 to $64.00 and set an "equal weight" rating on the stock in a research report on Monday, November 2nd. Zacks Investment Research ^[2] upgraded Computer Sciences from a "hold" rating to a "buy" rating and set a $67.00 target price on the stock in a report on Tuesday, September 29th. Raymond James decreased their target price on Computer Sciences from $81.00 to $35.00 and set an "outperform" rating on the stock in a report on Wednesday, December 16th. Finally, JPMorgan Chase & amp; Co. decreased their target price on Computer Sciences from $67.00 to $62.00 and set an "underweight" rating on the stock in a report on Monday, November 2nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of "Hold" and a consensus target price of $63.14.

In other news, CEO John M. Lawrie sold 16,771 shares of the firm's stock in a transaction on Thursday, December 3rd. The stock was sold at an average price of $30.78, for a total value of $516,211.38. Following the completion of the transaction, the chief executive officer now directly owns 351,264 shares of the company's stock, valued at $10,811,905.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink ^[3]. Also, CFO Paul N. Saleh sold 198,109 shares of the firm's stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $68.00, for a total value of $13,471,412.00. Following the completion of the transaction, the chief financial officer now directly owns 42,472 shares of the company's stock, valued at $2,888,096. The disclosure for this sale can be found here ^[4].

Computer Sciences Corporation (NYSE:CSC ^[5]) is a global provider of information technology (IT) and professional services and solutions. The Company operates through three segments: Global Business Services (GBS), which is a provider of various technology solutions, including consulting, applications services and software; Global Infrastructure Services (GIS), which provides solutions, such as managed and virtual desktop solutions, and data center management, and North American Public Sector (NPS), which delivers IT, mission and operations-related services. Its subsidiary, ServiceMesh Inc. (ServiceMesh), is a provider of enterprise cloud management software. ServiceMesh also provides various o ther services, such as tiered services levels, different levels of security, self-service options, governance, policy and real time monitoring. CSC's subsidiary, Fruition Partners, provides technology-enabled solutions for the service-management sector and provides support for ServiceNow-related software

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