Insider Selling: David W. Zolet Sells 2,527 Shares of Computer Sciences Stock (CSC)
Computer Sciences (NYSE:CSC) VP David W. Zolet unloaded 2,527 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $63.69, for a total value of $160,944.63. Following the completion of the sale, the vice president now directly owns 14,626 shares of the company’s stock, valued at approximately $931,530. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Computer Sciences in a research note on Tuesday, May 13th. They now have a $65.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Computer Sciences in a research note on Monday, May 12th. They now have a $62.00 price target on the stock, up previously from $59.00. Finally, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Computer Sciences in a research note on Friday, May 9th. They now have a $62.00 price target on the stock, up previously from $60.00. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $60.73.
Shares of Computer Sciences (NYSE:CSC) traded down 1.26% during mid-day trading on Thursday, hitting $62.79. 1,095,033 shares of the company’s stock traded hands. Computer Sciences has a 52-week low of $42.54 and a 52-week high of $64.72. The stock has a 50-day moving average of $61.06 and a 200-day moving average of $59.01. The company has a market cap of $9.096 billion and a P/E ratio of 14.23.
Computer Sciences (NYSE:CSC) last announced its earnings results on Thursday, May 8th. The company reported $1.04 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.04. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter last year, the company posted $1.27 earnings per share. Computer Sciences’s revenue was down 5.0% compared to the same quarter last year. On average, analysts predict that Computer Sciences will post $4.49 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, July 9th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Tuesday, June 10th. This is a positive change from Computer Sciences’s previous quarterly dividend of $0.20.
Computer Sciences Corporation (NYSE:CSC) is engaged in the information technology (IT) and professional services industry.
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