Computer Sciences Corp. (NYSE:CSC) had its price objective raised by equities researchers at Barclays PLC from $54.00 to $62.00 in a report released on Tuesday. The brokerage presently has an “overweight” rating on the stock. Barclays PLC’s price target suggests a potential upside of 21.38% from the stock’s current price.

The analysts wrote, “Analysts Have Conflicting Sentiments on These Technology Companies: Computer Sciences (NYSE: CSC), VMware (NYSE: VMW) and Oracle Corp. (NYSE: ORCL) | Analyst Ratings

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Home » Analysts Have Conflicting Sentiments on These Technology Companies: Computer Sciences (NYSE: CSC), VMware (NYSE: VMW) and Oracle Corp. (NYSE: ORCL)”

Several other research firms have also recently commented on CSC. BMO Capital Markets restated a “buy” rating and issued a $57.00 target price on shares of Computer Sciences Corp. in a research report on Tuesday, August 9th. Cantor Fitzgerald reiterated a “hold” rating on shares of Computer Sciences Corp. in a research report on Monday, August 8th. Zacks Investment Research cut Computer Sciences Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Morgan Stanley lowered their price target on Computer Sciences Corp. from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 9th. Finally, Jefferies Group reiterated a “buy” rating and set a $63.00 price target on shares of Computer Sciences Corp. in a research report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. Computer Sciences Corp. currently has a consensus rating of “Hold” and a consensus target price of $48.53.

Analyst Recommendations for Computer Sciences Corp. (NYSE:CSC)

Computer Sciences Corp. (NYSE:CSC) traded down 1.08% during mid-day trading on Tuesday, reaching $50.53. The company’s stock had a trading volume of 1,007,203 shares. The firm has a market capitalization of $7.10 billion, a P/E ratio of 104.40 and a beta of 1.23. Computer Sciences Corp. has a 52 week low of $24.27 and a 52 week high of $53.46. The firm’s 50 day moving average price is $49.16 and its 200 day moving average price is $44.36.

Computer Sciences Corp. (NYSE:CSC) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.08. The business had revenue of $1.93 billion for 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 business’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $1.11 EPS. On average, analysts anticipate that Computer Sciences Corp. will post $2.82 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Wednesday, August 31st were given 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 1.10%. Computer Sciences Corp.’s payout ratio is 130.23%.

In other news, CFO Paul N. Saleh sold 65,000 shares of Computer Sciences Corp. stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $50.00, for a total value of $3,250,000.00. Following the transaction, the chief financial officer now directly owns 151,153 shares in the company, valued at $7,557,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul N. Saleh sold 10,000 shares of Computer Sciences Corp. stock in a transaction dated Monday, October 3rd. The stock was 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 owns 96,153 shares in the company, valued at $4,993,225.29. The disclosure for this sale can be found here. Corporate insiders own 1.53% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. 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 last quarter. JPMorgan Chase & Co. raised 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 last quarter. Emerald Acquisition Ltd. acquired a new position in Computer Sciences Corp. during the second quarter worth approximately $47,620,000. Roystone Capital Management LP acquired a new position in Computer Sciences Corp. during the second quarter worth approximately $45,159,000. Finally, Palestra Capital Management LLC acquired a new position in Computer Sciences Corp. during the second quarter worth approximately $41,210,000. 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.

5 Day Chart for NYSE:CSC

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