Trade Report: The Computer Sciences Corp. (CSC) Upgraded at Citigroup Inc.

The Computer Sciences Corp. (CSC) Upgraded at Citigroup Inc.

Computer Sciences Corp. (NYSE:CSC) was upgraded by investment analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a report released on Thursday, The Fly reports.

A number of other research analysts have also recently commented on CSC. Jefferies Group reaffirmed a “buy” rating and issued a $63.00 target price on shares of Computer Sciences Corp. in a research report on Wednesday, June 29th. Barclays PLC reaffirmed a “buy” rating on shares of Computer Sciences Corp. in a research report on Saturday, July 9th. Zacks Investment Research raised shares of Computer Sciences Corp. from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Monday, July 11th. BMO Capital Markets reaffirmed a “buy” rating and issued a $57.00 target price on shares of Computer Sciences Corp. in a research report on Wednesday, July 27th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating on shares of Computer Sciences Corp. in a research report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $48.53.

Shares of Computer Sciences Corp. (NYSE:CSC) opened at 51.48 on Thursday. The stock has a 50 day moving average of $49.38 and a 200-day moving average of $44.46. Computer Sciences Corp. has a 12-month low of $24.27 and a 12-month high of $53.46. The company has a market capitalization of $7.23 billion, a PE ratio of 106.36 and a beta of 1.24.

Computer Sciences Corp. (NYSE:CSC) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.08. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Computer Sciences Corp. had a net margin of 0.77% and a return on equity of 19.10%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 EPS. Analysts predict that Computer Sciences Corp. will post $2.82 earnings per share for the current fiscal year.

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

In related news, CFO Paul N. Saleh sold 10,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 96,153 shares of the company’s stock, valued at $4,993,225.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John M. Lawrie sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $47.86, for a total value of $382,880.00. Following the completion of the transaction, the chief executive officer now directly owns 400,729 shares of the company’s stock, valued at $19,178,889.94. The disclosure for this sale can be found here. 1.53% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Capstone Asset Management Co. increased its position in shares of Computer Sciences Corp. by 4.4% in the third quarter. Capstone Asset Management Co. now owns 16,911 shares of the company’s stock worth $883,000 after buying an additional 714 shares during the period. Creative Planning increased its stake in Computer Sciences Corp. by 31.6% in the third quarter. Creative Planning now owns 2,150 shares of the company’s stock valued at $112,000 after buying an additional 516 shares during the last quarter. Fulton Bank N.A. increased 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 valued at $379,000 after buying an additional 55 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Computer Sciences Corp. by 232.3% in the third quarter. BNP Paribas Arbitrage SA now owns 233,323 shares of the company’s stock valued at $12,182,000 after buying an additional 163,112 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased 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 last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

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.

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