BNP Paribas Arbitrage SA boosted its stake in shares of Computer Sciences Corp. (NYSE:CSC) by 232.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 233,323 shares of the company’s stock after buying an additional 163,112 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.17% of Computer Sciences Corp. worth $12,182,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. 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 valued at $825,000 after buying an additional 65 shares during the period. 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 valued at $135,000 after buying an additional 104 shares during the period. 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 valued at $1,189,000 after buying an additional 121 shares during the period. 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 valued at $695,000 after buying an additional 157 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Computer Sciences Corp. by 8.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,108 shares of the company’s stock valued at $204,000 after buying an additional 307 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Computer Sciences Corp. (NYSE:CSC)

Shares of Computer Sciences Corp. (NYSE:CSC) opened at 62.20 on Friday. The stock has a 50 day moving average of $54.06 and a 200-day moving average of $47.85. Computer Sciences Corp. has a one year low of $24.27 and a one year high of $62.76. The firm’s market capitalization is $8.76 billion.

Computer Sciences Corp. (NYSE:CSC) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.14. The business 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%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.19 earnings per share. On average, equities analysts anticipate that Computer Sciences Corp. will post $2.78 earnings per share for the current fiscal year.

Several analysts have recently weighed in on the stock. Cantor Fitzgerald set a $53.00 price target on shares of Computer Sciences Corp. and gave the company a “hold” rating in a research note on Sunday, November 6th. Zacks Investment Research cut shares of Computer Sciences Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. BMO Capital Markets reaffirmed a “buy” rating and set a $57.00 price objective on shares of Computer Sciences Corp. in a research report on Tuesday, August 9th. Morgan Stanley lowered their price objective on shares of Computer Sciences Corp. from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 9th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $61.00 price objective on shares of Computer Sciences Corp. in a research report on Friday, November 4th. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $48.93.

In related news, CFO Paul N. Saleh sold 65,000 shares of the company’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $50.00, for a total transaction of $3,250,000.00. Following the completion of the transaction, the chief financial officer now owns 151,153 shares of the company’s stock, valued at $7,557,650. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John M. Lawrie sold 4,190 shares of the company’s stock in a transaction that occurred on Thursday, October 20th. The stock was sold at an average price of $55.50, for a total transaction of $232,545.00. Following the transaction, the chairman now directly owns 383,329 shares of the company’s stock, valued at approximately $21,274,759.50. The disclosure for this sale can be found here. 1.53% of the stock is currently owned by insiders.

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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