Analysts Set Computer Sciences Co. (NYSE:CSC) Target Price at $57.11

Computer Sciences logo Computer Sciences Co. (NYSE:CSC) has been given an average rating of "Hold" by the seventeen research firms that are presently covering the firm, Marketbeat reports ^[1]. Two research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $57.11.

Computer Sciences (NYSE:CSC ^[2]) opened at 32.07 on Wednesday. The stock has a market capitalization of $4.45 billion and a P/E ratio of 210.99. Computer Sciences has a 12 month low of $24.77 and a 12 month high of $33.66. The firm's 50-day moving average is $30.83 and its 200-day moving average is $28.38.

Computer Sciences (NYSE:CSC) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $1.19 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.14 by $0.05. The business earned $2.71 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter in the previous year, the company earned $1.18 earnings per share. The company's revenue for the quarter was down 11.9% compared to the same quarter last year. On average, equities analysts expect that Computer Sciences will post $2.60 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 26th. Stockholders of record on Tuesday, January 5th were paid a dividend of $0.14 per share. This is a positive change from Computer Sciences's previous quarterly dividend of $0.13. The ex-dividend date was Thursday, December 31st. This represents a $0.56 annualized dividend and a dividend yield of 1.75%.

In other news, 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 transaction of $13,471,412.00. Following the transaction, the chief financial officer now owns 42,472 shares in the company, valued at $2,888,096. The sale was disclosed in a legal filing with the SEC, which is accessible through this link ^[3]. Also, CEO John M. Lawrie sold 16,771 shares of the firm's stock in a transaction on Thursday, December 3rd. The shares were sold at an average price of $30.78, for a total value of $516,211.38. Following the transaction, the chief ex ecutive officer now owns 351,264 shares in the company, valued at approximately $10,811,905.92. The disclosure for this sale can be found here ^[4].

Other institutional investors have recently made changes to their positions in the company. Jennison Associates raised its position in shares of Computer Sciences by 169.6% in the third quarter. Jennison Associates now owns 2,445,912 shares of the company's stock valued at $150,130,000 after buying an additional 1,538,632 shares in the last quarter. Kirr Marbach & Co. LLC IN purchased a new position in shares of Computer Sciences during the fourth quarter valued at approximately $5,224,000. Meeder Asset Management purchased a new position in shares of Computer Sciences during the fourth quarter valued at approximately $2,981,000. Nisa Investment Advisors raised its position in shares of Computer Sciences by 224.2% in the fourth quarter. Nisa Investment Advisors now owns 71,000 shares of the company's stock valued at $2,320,000 after buying an additional 49,098 shares in the last quarter. Finally, TrimTabs Asset Management purchased a new position in shares of Comp uter Sciences during the third quarter valued at approximately $2,122,000.

CSC has been the subject of a number of research reports. Zacks Investment Research ^[5] downgraded Computer Sciences from a "buy" rating to a "hold" rating in a research report on Tuesday, October 13th. Cantor Fitzgerald initiated coverage on Computer Sciences in a research report on Friday, October 16th. They set a "hold" rating and a $64.00 target price for the company. TheStreet upgraded Computer Sciences from a "hold" rating to a "buy" rating in a research report on Friday, October 23rd. Barclays lowered their target price on Computer Sciences from $67.00 to $64.00 and set an "equal weight" rating for the company in a research report on Monday, November 2nd. Finally, BMO Capital Markets lowered their ta rget price on Computer Sciences from $65.00 to $63.00 and set a "market perform" rating for the company in a research report on Monday, November 2nd.

Computer Sciences Corporation (NYSE:CSC ^[6]) 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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