Computer Sciences Corp. (NYSE:CSC) has received an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the stock. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $49.90.

Several research analysts have commented on CSC shares. Citigroup Inc. lifted their price objective on shares of Computer Sciences Corp. from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. Cantor Fitzgerald set a $53.00 price objective on shares of Computer Sciences Corp. and gave the stock a “hold” rating in a research note on Sunday, November 6th. Barclays PLC lifted their price objective on shares of Computer Sciences Corp. from $54.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 11th. JPMorgan Chase & Co. reissued a “hold” rating and set a $61.00 target price on shares of Computer Sciences Corp. in a research note on Friday, November 4th. Finally, Morgan Stanley lowered their target price on shares of Computer Sciences Corp. from $55.00 to $53.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 9th.

In related news, CFO Paul N. Saleh sold 65,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 151,153 shares of the company’s stock, valued at approximately $7,557,650. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul N. Saleh sold 10,000 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 96,153 shares of the company’s stock, valued at $4,993,225.29. The disclosure for this sale can be found here. 1.53% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the stock. D. E. Shaw & Co. Inc. raised its position in shares of Computer Sciences Corp. by 81.7% in the third quarter. D. E. Shaw & Co. Inc. now owns 1,011,581 shares of the company’s stock valued at $52,815,000 after buying an additional 454,942 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in Computer Sciences Corp. during the third quarter worth about $10,037,000. Samlyn Capital LLC acquired a new position in Computer Sciences Corp. during the third quarter worth about $46,122,000. Advantus Capital Management Inc raised its position in Computer Sciences Corp. by 1.8% in the third quarter. Advantus Capital Management Inc now owns 17,091 shares of the company’s stock worth $892,000 after buying an additional 296 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in Computer Sciences Corp. by 379.2% in the third quarter. Hsbc Holdings PLC now owns 332,444 shares of the company’s stock worth $17,357,000 after buying an additional 263,069 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Computer Sciences Corp. (NYSE:CSC) opened at 60.53 on Thursday. The company’s market capitalization is $8.52 billion. Computer Sciences Corp. has a 52 week low of $24.27 and a 52 week high of $61.33. The company has a 50 day moving average of $54.06 and a 200 day moving average of $47.85.

Computer Sciences Corp. (NYSE:CSC) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.47 by $0.14. The company earned $1.87 billion during the quarter, compared to analyst estimates of $1.87 billion. Computer Sciences Corp. had a negative net margin of 1.21% and a positive return on equity of 16.62%. Computer Sciences Corp.’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.19 earnings per share. On average, equities analysts forecast that Computer Sciences Corp. will post $2.78 EPS for the current fiscal year.

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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