What Next for Computer Sciences Corporation Stock After Today’s Bullish Options Activity?

 What Next for Computer Sciences Corporation Stock After Today's Bullish Options Activity?

In today’s session Computer Sciences Corporation (CSC) registered an unusually high (655) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious CSC increase. With 655 contracts traded and 30054 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: CSC161118C00057500 closed last at: $1.35 or 3.6% down. About 114,560 shares traded hands. Computer Sciences Corporation (NYSE:CSC) has risen 75.84% since April 8, 2016 and is uptrending. It has outperformed by 70.19% the S&P500.

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. $77 is the highest target while $29 is the lowest. The $52.86 average target is -10.22% below today’s ($58.88) stock price. Computer Sciences Corporation has been the topic of 22 analyst reports since August 4, 2015 according to StockzIntelligence Inc. As per Tuesday, September 1, the company rating was upgraded by Barclays Capital. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, September 1 report. The firm has “Neutral” rating given on Wednesday, March 9 by Goldman Sachs. Raymond James downgraded the stock to “Market Perform” rating in Wednesday, May 25 report. On Wednesday, August 12 the stock rating was upgraded by SunTrust to “Buy”. The rating was downgraded by Citigroup on Friday, February 26 to “Neutral”. Suntrust Robinson downgraded the shares of CSC in a report on Tuesday, December 1 to “Neutral” rating. Cowen & Co initiated Computer Sciences Corporation (NYSE:CSC) on Friday, February 19 with “Market Perform” rating. BMO Capital Markets maintained the shares of CSC in a report on Wednesday, August 12 with “Hold” rating. Barclays Capital upgraded the shares of CSC in a report on Wednesday, May 25 to “Overweight” rating.

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 2016 Q2. 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.
Clarivest Asset Mgmt Lc reported 2,859 shares or 0% of all its holdings. Delta Asset Mgmt Limited Liability Corp Tn has 100 shares for 0% of their US portfolio. Moreover, Loomis Sayles And L P has 0% invested in Computer Sciences Corporation (NYSE:CSC) for 147 shares. Asset Management last reported 7,246 shares in the company. Janus Cap Management Limited Liability holds 0.01% of its portfolio in Computer Sciences Corporation (NYSE:CSC) for 186,772 shares. Glenmede Trust Na accumulated 0% or 9,551 shares. Synovus Fincl Corporation holds 0.01% of its portfolio in Computer Sciences Corporation (NYSE:CSC) for 4,504 shares. Moreover, Henderson Grp Public Ltd Com has 0% invested in Computer Sciences Corporation (NYSE:CSC) for 4,588 shares. Jennison Assocs Ltd Com holds 1.95 million shares or 0.11% of its portfolio. Moreover, Ibm Retirement Fund has 0.02% invested in Computer Sciences Corporation (NYSE:CSC) for 14,002 shares. Calvert Invest Mgmt has 7,846 shares for 0.02% of their US portfolio. Ngam Advsr Lp holds 0.01% or 14,635 shares in its portfolio. Clearbridge Investments Ltd Liability Corporation accumulated 152 shares or 0% of the stock. Moreover, Glenview Cap Management Lc has 2.41% invested in Computer Sciences Corporation (NYSE:CSC) for 6.88M shares. The North Carolina-based Salem Investment Counselors Inc has invested 0.19% in Computer Sciences Corporation (NYSE:CSC).

Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 9 insider sales for $5.81 million net activity. $543,080 worth of Computer Sciences Corporation (NYSE:CSC) was sold by SALEH PAUL N. LAWRIE JOHN M sold $190,518 worth of stock or 3,700 shares.

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 $8.42 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.

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.

Another recent and important Computer Sciences Corporation (NYSE:CSC) news was published by Fool.com which published an article titled: “How Computer Sciences Corporation Gained 11% in September” on October 11, 2016.

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