Price Action Report: Computer Sciences Corporation Rises A lot Today, Is Now One of The Best Performer

Price Action Report: Computer Sciences Corporation Rises A lot Today, Is Now One of The Best Performer

The stock of Computer Sciences Corporation (NYSE:CSC) is a huge mover today! About 2.43M shares traded hands or 41.28% up from the average. Computer Sciences Corporation (NYSE:CSC) has risen 58.69% since April 4, 2016 and is uptrending. It has outperformed by 57.60% the S&P500.
The move comes after 6 months positive chart setup for the $7.88B company. It was reported on Nov, 4 by Barchart.com. We have $69.08 PT which if reached, will make NYSE:CSC worth $1.81B more.

Computer Sciences Corporation (NYSE:CSC) Ratings Coverage

Out of 13 analysts covering Computer Sciences Corporation (NYSE:CSC), 4 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 31% are positive. Computer Sciences Corporation has been the topic of 22 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, October 13 by Citigroup. Barclays Capital upgraded Computer Sciences Corporation (NYSE:CSC) on Wednesday, May 25 to “Overweight” rating. Suntrust Robinson downgraded the shares of CSC in a report on Tuesday, December 1 to “Neutral” rating. The rating was upgraded by SunTrust to “Buy” on Wednesday, August 12. The rating was maintained by Morgan Stanley with “Equal-Weight” on Tuesday, August 9. The stock of Computer Sciences Corporation (NYSE:CSC) earned “Market Perform” rating by Cowen & Co on Friday, February 19. The firm earned “Neutral” rating on Wednesday, March 9 by Goldman Sachs. Citigroup maintained Computer Sciences Corporation (NYSE:CSC) on Thursday, August 4 with “Neutral” rating. The firm has “Buy” rating by Jefferies given on Wednesday, December 9. The stock of Computer Sciences Corporation (NYSE:CSC) has “Market Perform” rating given on Wednesday, May 25 by Raymond James.

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.”

Insitutional Activity: The institutional sentiment increased to 1.09 in Q2 2016. Its up 0.20, from 0.89 in 2016Q1. The ratio improved, as 37 funds sold all Computer Sciences Corporation shares owned while 99 reduced positions. 57 funds bought stakes while 91 increased positions. They now own 127.49 million shares or 4.39% less from 133.34 million shares in 2016Q1.
The New York-based Jane Street Gru Lc has invested 0% in Computer Sciences Corporation (NYSE:CSC). Maverick Cap, a Texas-based fund reported 3.06M shares. Prudential holds 0.02% of its portfolio in Computer Sciences Corporation (NYSE:CSC) for 228,472 shares. Gotham Asset Mgmt Lc accumulated 0.24% or 409,547 shares. Panagora Asset Management, a Massachusetts-based fund reported 268,270 shares. Acadian Asset Mgmt Ltd Liability Corporation reported 3.04 million shares or 0.77% of all its holdings. Moreover, Thrivent Finance For Lutherans has 0% invested in Computer Sciences Corporation (NYSE:CSC) for 19,660 shares. Engineers Gate Manager Limited Partnership reported 116,382 shares or 0.41% of all its holdings. Martingale Asset Management Lp last reported 0.04% of its portfolio in the stock. Raymond James Tru Na, a Florida-based fund reported 6,450 shares. Louisiana State Employees Retirement Sys has 0.1% invested in the company for 36,900 shares. State Of Wisconsin Board has 146,404 shares for 0.03% of their US portfolio. Royal London Asset Mgmt Ltd has 0.04% invested in the company for 50,453 shares. Teachers Retirement System Of The State Of Kentucky last reported 34,000 shares in the company. Commonwealth Equity Serv Inc has invested 0% of its portfolio in Computer Sciences Corporation (NYSE:CSC).

Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 9 selling transactions for $5.81 million net activity. The insider SALEH PAUL N sold $519,300. $254,642 worth of Computer Sciences Corporation (NYSE:CSC) was sold by LAWRIE JOHN M on Wednesday, June 1.

More news for Computer Sciences Corporation (NYSE:CSC) were recently published by: Fool.com, which released: “How Computer Sciences Corporation Gained 11% in September” on October 11, 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.

CSC Company Profile

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.

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