In other Computer Sciences news, CEO John M. Lawrie sold 16,771 shares of the business's stock in a transaction dated Thursday, December 3rd. The shares were sold at an average price of $30.78, for a total transaction 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 approximately $10,811,905.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website[2].
A number of hedge funds and institutional investors have recently bought and sold shares of the stock. CI Global Investments Inc. raised its position in Computer Sciences by 194.5% in the fourth quarter. CI Global Investments Inc. now owns 5,457,024 shares of the company's stock worth $178,336,000 after buying an additional 3,604,024 shares during the last quarter. Scout Investments Inc. raised its position in Computer Sciences by 6.0% in the fourth quarter. Scout Investments Inc. now owns 1,487,117 shares of the company's stock worth $48,599,000 after buying an additional 83,668 shares during the last quarter. Capital Fund Management S.A. raised its position in Computer Sciences by 5,015.1% in the fourth quarter. Capital Fund Management S.A. now owns 920,712 shares of the company's stock worth $30,089,000 after buying an additional 902,712 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its position in Computer Sciences by 12.3% in the fourt h quarter. Thompson Siegel & Walmsley LLC now owns 908,934 shares of the company's stock worth $29,704,000 after buying an additional 99,763 shares during the last quarter. Finally, Nationwide Fund Advisors raised its position in Computer Sciences by 25.8% in the fourth quarter. Nationwide Fund Advisors now owns 529,942 shares of the company's stock worth $17,319,000 after buying an additional 108,829 shares during the last quarter.
Shares of Computer Sciences (NYSE:CSC[3]) traded down 1.32% during midday trading on Friday, hitting $31.49. 2,334,426 shares of the stock traded hands. Computer Sciences has a one year low of $24.77 and a one year high of $33.66. The stock has a market cap of $4.37 billion and a price-to-earnings ratio of 207.17. The firm has a 50-day moving average price of $30.98 and a 200 day moving average price of $28.49.
Computer Sciences (NYSE:CSC) last posted its earnings results on Wednesday, November 4th. The company reported $1.19 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.14 by $0.05. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.79 billion. The business's revenue was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.18 EPS. Analysts anticipate that Computer Sciences will post $2.60 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 26th. Shareholders of record on Tuesday, January 5th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.78%. This is a boost from Computer Sciences's previous quarterly dividend of $0.13. The ex-dividend date was Thursday, December 31st.
CSC has been the topic of several other research reports. Cantor Fitzgerald began coverage on shares of Computer Sciences in a research note on Friday, October 16th. They set a hold rating and a $64.00 price target on the stock. Zacks Investment Research[4] downgraded shares of Computer Sciences from a buy rating to a hold rating in a research note on Tuesday, October 13th. RBC Capital dropped their price target on shares of Computer Sciences from $68.00 to $67.00 and set a sector perform rating on the stock in a research note on Monday, November 2nd. Barclays downgraded shares of Computer Sciences from an overweight rating to an equal weight rating and dropped their price target for the stock from $76.00 to $35.00 in a research note on Tuesday, Januar y 5th. Finally, SunTrust downgraded shares of Computer Sciences from a buy rating to a neutral rating and dropped their price target for the stock from $78.00 to $34.00 in a research note on Tuesday, December 1st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $56.86.
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.
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/computer-sciences-csc-market-perform-rating-reaffirmed-at-bmo-capital-markets/922918/
Receive News & Ratings for Computer Sciences Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Computer Sciences Co. and related companies with MarketBeat.com's FREE daily email newsletter[6].
References
- ^ AnalystRatings.NET (www.marketbeat.com)
- ^ the SEC website (www.sec.gov)
- ^ NYSE:CSC (www.marketbeat.com)
- ^ Zacks Investment Research (www.zacks.com)
- ^ NYSE:CSC (www.marketbeat.com)
- ^ MarketBeat.com's FREE daily email newsletter (sleekmoney.com)
