The Hendershot Investments Inc. Maintains Position in Computer Sciences Corp. (CSC)

The Hendershot Investments Inc. Maintains Position in Computer Sciences Corp. (CSC)

Hendershot Investments Inc. maintained its stake in shares of Computer Sciences Corp. (NYSE:CSC) during the third quarter, Holdings Channel reports. The fund owned 22,650 shares of the company’s stock at the end of the third quarter. Hendershot Investments Inc.’s holdings in Computer Sciences Corp. were worth $1,183,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Fulton Bank N.A. increased its stake in shares of 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. ProShare Advisors LLC increased its stake in shares of 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 in the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in shares of 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 in the last quarter. IBM Retirement Fund increased its stake in shares of 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 in the last quarter. Finally, Calvert Investment Management Inc. increased its stake in shares of Computer Sciences Corp. by 5.1% in the second quarter. Calvert Investment Management Inc. now owns 7,846 shares of the company’s stock valued at $390,000 after buying an additional 383 shares in the last quarter. 96.66% of the stock is owned by hedge funds and other institutional investors.

Shares of Computer Sciences Corp. (NYSE:CSC) traded up 0.11% during trading on Thursday, hitting $62.27. 732,354 shares of the stock traded hands. The stock has a 50 day moving average price of $60.45 and a 200-day moving average price of $53.62. Computer Sciences Corp. has a 1-year low of $24.27 and a 1-year high of $63.34. The stock’s market cap is $8.77 billion.

Computer Sciences Corp. (NYSE:CSC) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.14. The company 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%. Computer Sciences Corp.’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.19 EPS. Equities analysts forecast that Computer Sciences Corp. will post $2.78 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Wednesday, January 4th will be paid a $0.14 dividend. The ex-dividend date is Friday, December 30th. This represents a $0.56 annualized dividend and a dividend yield of 0.90%. Computer Sciences Corp.’s dividend payout ratio is currently -84.85%.

Several brokerages have recently issued reports on CSC. Cantor Fitzgerald set a $53.00 price objective on shares of Computer Sciences Corp. and gave the stock a “hold” rating in a research report on Sunday, November 6th. JPMorgan Chase & Co. reissued a “hold” rating and set a $61.00 price objective on shares of Computer Sciences Corp. in a research report on Friday, November 4th. BMO Capital Markets reissued a “buy” rating on shares of Computer Sciences Corp. in a research report on Friday, November 4th. Citigroup Inc. raised shares of Computer Sciences Corp. from a “neutral” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Thursday, October 13th. Finally, Jefferies Group reissued a “buy” rating on shares of Computer Sciences Corp. in a research report on Monday, December 5th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $51.75.

In other Computer Sciences Corp. news, Chairman John M. Lawrie sold 6,100 shares of the business’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $61.98, for a total transaction of $378,078.00. Following the completion of the sale, the chairman now owns 386,329 shares in the company, valued at approximately $23,944,671.42. 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 3,699 shares of the business’s stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $60.24, for a total transaction of $222,827.76. Following the sale, the chairman now owns 386,329 shares of the company’s stock, valued at approximately $23,272,458.96. The disclosure for this sale can be found here. Insiders sold a total of 31,816 shares of company stock valued at $1,928,402 in the last quarter. 1.53% of the stock is currently owned by company insiders.

About Computer Sciences Corp.

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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