Computer Sciences Corp. (NYSE:CSC) was upgraded by equities research analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

CSC has been the subject of several other research reports. BMO Capital Markets reiterated a “buy” rating and set a $57.00 price objective on shares of Computer Sciences Corp. in a research report on Tuesday, August 9th. Zacks Investment Research upgraded shares of Computer Sciences Corp. from a “strong sell” rating to a “hold” rating in a research report on Monday, August 29th. Jefferies Group reiterated a “buy” rating and set a $63.00 price objective on shares of Computer Sciences Corp. in a research report on Tuesday, August 9th. Cantor Fitzgerald reiterated a “hold” rating and set a $46.00 price objective on shares of Computer Sciences Corp. in a research report on Wednesday, September 7th. Finally, TheStreet lowered shares of Computer Sciences Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 30th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $48.53.

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

Shares of Computer Sciences Corp. (NYSE:CSC) opened at 51.48 on Thursday. The company has a market cap of $7.23 billion, a price-to-earnings ratio of 106.36 and a beta of 1.24. The stock’s 50 day moving average is $49.38 and its 200-day moving average is $44.46. Computer Sciences Corp. has a 52 week low of $24.27 and a 52 week high of $53.46.

Computer Sciences Corp. (NYSE:CSC) last released its quarterly earnings data 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. Computer Sciences Corp. had a net margin of 0.77% and a return on equity of 19.10%. The business earned $1.93 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the business earned $1.11 earnings per share. Computer Sciences Corp.’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts anticipate that Computer Sciences Corp. will post $2.82 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Wednesday, August 31st were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Monday, August 29th. Computer Sciences Corp.’s dividend payout ratio (DPR) is 130.23%.

In other news, CFO Paul N. Saleh sold 65,000 shares of the firm’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $50.00, for a total value of $3,250,000.00. Following the sale, the chief financial officer now directly owns 151,153 shares in the company, valued at approximately $7,557,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Paul N. Saleh sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $51.93, for a total transaction of $519,300.00. Following the completion of the sale, 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. Company insiders own 1.53% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Fulton Bank N.A. boosted its stake in Computer Sciences Corp. by 0.8% in the third quarter. Fulton Bank N.A. now owns 7,266 shares of the company’s stock worth $379,000 after buying an additional 55 shares in the last quarter. ProShare Advisors LLC boosted its stake in Computer Sciences Corp. by 0.4% in the second quarter. ProShare Advisors LLC now owns 16,615 shares of the company’s stock worth $825,000 after buying an additional 65 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in Computer Sciences Corp. by 4.0% in the second quarter. Checchi Capital Advisers LLC now owns 2,726 shares of the company’s stock worth $135,000 after buying an additional 104 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in Computer Sciences Corp. by 0.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 23,941 shares of the company’s stock worth $1,189,000 after buying an additional 121 shares in the last quarter. Finally, IBM Retirement Fund boosted its stake in Computer Sciences Corp. by 1.1% in the second quarter. IBM Retirement Fund now owns 14,002 shares of the company’s stock worth $695,000 after buying an additional 157 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Computer Sciences Corp. Company Profile

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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