Computer Sciences CEO Unloads $124,800 in Stock (CSC)
Computer Sciences (NYSE:CSC) CEO John M. Lawrie unloaded 2,000 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $62.40, for a total value of $124,800.00. Following the completion of the transaction, the chief executive officer now directly owns 221,150 shares of the company’s stock, valued at approximately $13,799,760. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Computer Sciences (NYSE:CSC) traded up 0.22% during mid-day trading on Monday, hitting $62.79. 654,932 shares of the company’s stock traded hands. Computer Sciences has a one year low of $46.80 and a one year high of $65.52. The stock has a 50-day moving average of $63.65 and a 200-day moving average of $61.35. The company has a market cap of $9.096 billion and a price-to-earnings ratio of 14.02.
Computer Sciences (NYSE:CSC) last posted its quarterly 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. Analysts expect that Computer Sciences will post $4.49 EPS for the current fiscal year.
CSC has been the subject of a number of recent research reports. Analysts at Morgan Stanley initiated coverage on shares of Computer Sciences in a research note on Monday, July 7th. They set an “underweight” rating and a $60.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Computer Sciences in a research note on Thursday, July 3rd. They now have a $67.00 price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Computer Sciences in a research note on Monday, June 16th. They now have a $67.00 price target on the stock, up previously from $58.00. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. Computer Sciences presently has an average rating of “Hold” and a consensus price target of $64.17.
Computer Sciences Corporation (NYSE:CSC) is engaged in the information technology (IT) and professional services industry.
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