Computer Sciences CEO Sells $266,129 in Stock (CSC)
Computer Sciences (NYSE:CSC) CEO John M. Lawrie sold 4,434 shares of Computer Sciences stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $60.02, for a total transaction of $266,128.68. Following the sale, the chief executive officer now directly owns 213,150 shares in the company, valued at approximately $12,793,263. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Computer Sciences (NYSE:CSC) traded up 0.58% during mid-day trading on Wednesday, hitting $60.40. The stock had a trading volume of 971,896 shares. Computer Sciences has a 52 week low of $46.80 and a 52 week high of $65.52. The stock has a 50-day moving average of $61.84 and a 200-day moving average of $61.80. The company has a market cap of $8.762 billion and a P/E ratio of 13.93.
Computer Sciences (NYSE:CSC) last announced its earnings results on Thursday, August 7th. The company reported $1.03 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.94 by $0.09. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter last year, the company posted $0.91 earnings per share. Computer Sciences’s revenue was down .5% compared to the same quarter last year. Analysts expect that Computer Sciences will post $4.53 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 7th. Shareholders of record on Wednesday, September 3rd will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Friday, August 29th.
A number of research firms have recently commented on CSC. Analysts at RBC Capital initiated coverage on shares of Computer Sciences in a research note on Tuesday. They set a “sector perform” rating and a $66.00 price target on the stock. Separately, 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. 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 investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $64.08.
Computer Sciences Corporation (NYSE:CSC) is engaged in the information technology (IT) and professional services industry.
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