November 28, 2016 - By Ellis Scott · 0 Comments
Computer Sciences Corp (NYSE:CSC) institutional sentiment decreased to 0.94 in Q2 2016. Its down -0.15, from 1.09 in 2016Q1. The ratio turned negative, as 148 investment managers increased or opened new equity positions, while 136 sold and trimmed holdings in Computer Sciences Corp. The investment managers in our partner’s database now possess: 127.49 million shares, down from 133.34 million shares in 2016Q1. Also, the number of investment managers holding Computer Sciences Corp in their top 10 equity positions increased from 3 to 5 for an increase of 2. Sold All: 37 Reduced: 99 Increased: 91 New Position: 57.
Computer Sciences Corporation is a global well-known provider of information technology (IT) and professional services and solutions. The company has a market cap of $8.56 billion. The Firm operates through two divisions: Global Business Services (GBS) and Global Infrastructure Services (GIS). It currently has negative earnings. The GBS segment provides various technology solutions, including consulting, applications services and software.
About 1.26M shares traded hands. Computer Sciences Corporation (NYSE:CSC) has risen 86.43% since April 25, 2016 and is uptrending. It has outperformed by 80.42% the S&P500.
Analysts await Computer Sciences Corporation (NYSE:CSC) to report earnings on February, 14. They expect $0.73 earnings per share, up 2.82% or $0.02 from last year’s $0.71 per share. CSC’s profit will be $102.61M for 20.86 P/E if the $0.73 EPS becomes a reality. After $0.61 actual earnings per share reported by Computer Sciences Corporation for the previous quarter, Wall Street now forecasts 19.67% EPS growth.
According to Zacks Investment Research, “Computer Sciences Corp. offers a broad array of professional services to clients in the global commercial and government markets and specializes in the application of advanced and complex I/T to achieve its customers’ strategic objectives. Its service offerings include outsourcing, systems integration, and I/T and management consulting and other professional services, including e-business solutions.”
Ci Global Investments Inc. holds 9.24% of its portfolio in Computer Sciences Corporation for 6.79 million shares. Marcato Capital Management Lp owns 1.35 million shares or 5.42% of their US portfolio. Moreover, Palestra Capital Management Llc has 3.31% invested in the company for 830,000 shares. The Pennsylvania-based Cookson Peirce & Co Inc has invested 3.15% in the stock. Roystone Capital Management Lp, a New York-based fund reported 909,550 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 9 sales for $5.94 million net activity.
Ratings analysis reveals 31% of Computer Sciences Corporation’s analysts are positive. Out of 13 Wall Street analysts rating Computer Sciences Corporation, 4 give it “Buy”, 0 “Sell” rating, while 9 recommend “Hold”. The lowest target is $29 while the high is $77. The stock’s average target of $52.86 is -13.20% below today’s ($60.9) share price. CSC was included in 22 notes of analysts from August 4, 2015. The firm has “Neutral” rating by Citigroup given on Friday, February 26. The stock has “Hold” rating given by Deutsche Bank on Tuesday, September 1. Citigroup maintained Computer Sciences Corporation (NYSE:CSC) rating on Thursday, August 4. Citigroup has “Neutral” rating and $49 price target. The stock has “Buy” rating given by TheStreet on Friday, October 23. The stock of Computer Sciences Corporation (NYSE:CSC) has “Buy” rating given on Wednesday, August 12 by SunTrust. Morgan Stanley maintained the shares of CSC in a report on Tuesday, August 9 with “Equal-Weight” rating. The stock of Computer Sciences Corporation (NYSE:CSC) has “Outperform” rating given on Friday, November 20 by Cowen & Co. Barclays Capital upgraded the shares of CSC in a report on Wednesday, May 25 to “Overweight” rating. As per Thursday, August 13, the company rating was upgraded by TheStreet. Citigroup upgraded the shares of CSC in a report on Friday, August 7 to “Buy” rating.
Computer Sciences Corporation (CSC), incorporated on April 16, 1959, is a global well-known provider of information technology (IT) and professional services and solutions. The Firm operates through two divisions: Global Business Services (GBS) and Global Infrastructure Services (GIS). CSC has activities throughout North America, Europe, Asia and Australia.
More news for Computer Sciences Corporation (NYSE:CSC) were recently published by: Equitiesfocus.com, which released: “Computer Sciences Corporation (NYSE:CSC) PEG Ratio At 2.73” on November 28, 2016. Zacks.com‘s article titled: “Computer Sciences (CSC) Q2 Earnings: Will it Surprise?” and published on November 01, 2016 is yet another important article.
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By Ellis Scott