Computer Sciences Corp. (NYSE:CSC) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 12,846,452 shares, a growth of 28.2% from the October 14th total of 10,017,622 shares. Approximately 9.2% of the shares of the company are sold short. Based on an average trading volume of 1,871,826 shares, the days-to-cover ratio is presently 6.9 days.

CSC has been the topic of several analyst reports. Citigroup Inc. upped their price target on shares of Computer Sciences Corp. from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Cantor Fitzgerald set a $53.00 price objective on shares of Computer Sciences Corp. and gave the company a “hold” rating in a research report on Sunday, November 6th. Barclays PLC increased their price objective on shares of Computer Sciences Corp. from $54.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, October 11th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $61.00 price objective on shares of Computer Sciences Corp. in a research report on Friday, November 4th. Finally, 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 report on Tuesday, August 9th. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $48.50.

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

Computer Sciences Corp. (NYSE:CSC) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.14. Computer Sciences Corp. had a positive return on equity of 16.62% and a negative net margin of 1.21%. The firm earned $1.87 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the company earned $1.19 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. Equities analysts anticipate that Computer Sciences Corp. will post $2.78 EPS for the current year.

In other Computer Sciences Corp. news, CFO Paul N. Saleh sold 10,000 shares of the company’s stock in a transaction 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 sale, 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 accessible through this hyperlink. Also, CFO Paul N. Saleh sold 65,000 shares of the company’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $3,250,000.00. Following the sale, the chief financial officer now directly owns 151,153 shares in the company, valued at $7,557,650. The disclosure for this sale can be found here. Company insiders own 1.53% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. LS Investment Advisors LLC increased its position in shares of Computer Sciences Corp. by 77.5% in the second quarter. LS Investment Advisors LLC now owns 8,680 shares of the company’s stock valued at $431,000 after buying an additional 3,789 shares during the last quarter. IBM Retirement Fund increased its position in shares of Computer Sciences Corp. by 1.1% in the second quarter. IBM Retirement Fund now owns 14,002 shares of the company’s stock valued at $695,000 after buying an additional 157 shares during the last quarter. Regentatlantic Capital LLC increased its position in shares of Computer Sciences Corp. by 39.1% in the second quarter. Regentatlantic Capital LLC now owns 71,349 shares of the company’s stock valued at $3,542,000 after buying an additional 20,051 shares during the last quarter. Alpha Windward LLC increased its position in shares of Computer Sciences Corp. by 983.1% in the second quarter. Alpha Windward LLC now owns 14,795 shares of the company’s stock valued at $735,000 after buying an additional 13,429 shares during the last quarter. Finally, Raymond James Trust N.A. increased its position in shares of Computer Sciences Corp. by 5.7% in the second quarter. Raymond James Trust N.A. now owns 6,450 shares of the company’s stock valued at $320,000 after buying an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 89.52% 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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