Computer Sciences Corp. (NYSE:CSC) CFO Paul N. Saleh sold 10,000 shares of the business’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 completion of the transaction, the chief financial officer now directly owns 96,153 shares of the company’s stock, valued at $4,993,225.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Computer Sciences Corp. (NYSE:CSC) opened at 51.73 on Friday. The firm has a 50-day moving average price of $48.87 and a 200 day moving average price of $43.91. The company has a market cap of $7.26 billion, a price-to-earnings ratio of 106.88 and a beta of 1.24. Computer Sciences Corp. has a 1-year low of $24.27 and a 1-year high of $53.46.
Computer Sciences Corp. (NYSE:CSC) last issued its earnings results on Monday, August 8th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.08. The company earned $1.93 billion during the quarter, compared to the consensus estimate of $1.93 billion. Computer Sciences Corp. had a return on equity of 19.10% and a net margin of 0.77%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $1.11 EPS. On average, analysts predict that Computer Sciences Corp. will post $2.82 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Wednesday, August 31st were paid a dividend of $0.14 per share. The ex-dividend date was Monday, August 29th. This represents a $0.56 dividend on an annualized basis and a yield of 1.08%. Computer Sciences Corp.’s dividend payout ratio (DPR) is currently 130.23%.
A number of analysts have recently commented on the company. Cantor Fitzgerald restated a “hold” rating and issued a $46.00 price target on shares of Computer Sciences Corp. in a report on Wednesday, September 7th. TheStreet lowered Computer Sciences Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 30th. Zacks Investment Research upgraded Computer Sciences Corp. from a “strong sell” rating to a “hold” rating in a report on Monday, August 29th. BMO Capital Markets restated a “buy” rating and issued a $57.00 price target on shares of Computer Sciences Corp. in a report on Tuesday, August 9th. Finally, Jefferies Group restated a “buy” rating and issued a $63.00 price target on shares of Computer Sciences Corp. in a report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $48.00.
A number of institutional investors have recently added to or reduced their stakes in the stock. Boston Partners increased 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. JPMorgan Chase & Co. increased its position in Computer Sciences Corp. by 91.1% in the first quarter. JPMorgan Chase & Co. now owns 3,547,374 shares of the company’s stock worth $121,994,000 after buying an additional 1,690,788 shares during the period. Norges Bank bought a new position in Computer Sciences Corp. during the fourth quarter worth about $42,185,000. Emerald Acquisition Ltd. bought a new position in Computer Sciences Corp. during the second quarter worth about $47,620,000. Finally, Roystone Capital Management LP bought a new position in Computer Sciences Corp. during the second quarter worth about $45,159,000. Institutional investors and hedge funds own 91.97% 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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