Computer Sciences Corp. (CSC) Earns “Outperform” Rating from BMO Capital Markets
Computer Sciences Corp. (NYSE:CSC)‘s stock had its “outperform” rating restated by BMO Capital Markets in a report issued on Tuesday.
Other equities analysts have also recently issued reports about the stock. Barclays PLC reissued a “buy” rating on shares of Computer Sciences Corp. in a research note on Saturday, July 9th. Cantor Fitzgerald reissued a “hold” rating on shares of Computer Sciences Corp. in a research note on Monday, August 8th. Zacks Investment Research cut shares of Computer Sciences Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Morgan Stanley dropped their price objective on shares of Computer Sciences Corp. from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 9th. Finally, Jefferies Group reissued a “buy” rating and issued a $63.00 price objective on shares of Computer Sciences Corp. in a research note on Wednesday, June 29th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. Computer Sciences Corp. currently has a consensus rating of “Hold” and a consensus price target of $49.33.
Computer Sciences Corp. (NYSE:CSC) traded up 1.65% during trading on Tuesday, hitting $54.74. 945,110 shares of the stock traded hands. The stock has a market cap of $7.69 billion, a P/E ratio of 113.10 and a beta of 1.23. The company’s 50 day moving average price is $49.99 and its 200-day moving average price is $44.97. Computer Sciences Corp. has a 52-week low of $24.27 and a 52-week high of $54.77.
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Computer Sciences Corp. (NYSE:CSC) last released its quarterly earnings results on Monday, August 8th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.45 by $0.08. Computer Sciences Corp. had a net margin of 0.77% and a return on equity of 19.10%. The firm earned $1.93 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the firm earned $1.11 EPS. Computer Sciences Corp.’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts forecast that Computer Sciences Corp. will post $2.82 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Wednesday, August 31st were issued a $0.14 dividend. The ex-dividend date was Monday, August 29th. This represents a $0.56 dividend on an annualized basis and a yield of 1.04%. Computer Sciences Corp.’s dividend payout ratio (DPR) is 130.23%.
In other Computer Sciences Corp. news, CFO Paul N. Saleh sold 10,000 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $51.93, for a total value of $519,300.00. Following the transaction, the chief financial officer now directly owns 96,153 shares in the company, valued at approximately $4,993,225.29. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Paul N. Saleh sold 65,000 shares of the company’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $3,250,000.00. Following the completion of the transaction, the chief financial officer now owns 151,153 shares in the company, valued at $7,557,650. The disclosure for this sale can be found here. 1.53% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Boston Partners raised its position in Computer Sciences Corp. by 30.3% in the second quarter. Boston Partners now owns 10,526,006 shares of the company’s stock worth $522,616,000 after buying an additional 2,444,915 shares during the period. Emerald Acquisition Ltd. bought a new position in shares of Computer Sciences Corp. during the second quarter valued at $47,620,000. Roystone Capital Management LP bought a new position in shares of Computer Sciences Corp. during the second quarter valued at $45,159,000. Palestra Capital Management LLC bought a new position in shares of Computer Sciences Corp. during the second quarter valued at $41,210,000. Finally, CI Global Investments Inc. raised its position in shares of Computer Sciences Corp. by 11.5% in the second quarter. CI Global Investments Inc. now owns 6,792,258 shares of the company’s stock valued at $337,236,000 after buying an additional 700,992 shares during the last quarter. Institutional investors own 92.07% of the company’s stock.
About Computer Sciences Corp.
Computer Sciences Corporation (CSC) is a global provider of information technology (IT) and professional services and solutions. The Company operates through two segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment provides various technology solutions, including consulting, applications services and software.
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