Bow Street buys $17,855,283 stake in Computer Sciences Corporation (CSC)

Computer Sciences Corporation (CSC) : Bow Street scooped up 305,682 additional shares in Computer Sciences Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 382,422 shares of Computer Sciences Corporation which is valued at $17,855,283.Computer Sciences Corporation makes up approximately 12.01% of Bow Street’s portfolio.

Other Hedge Funds, Including , State Of Tennessee Treasury Department added CSC to its portfolio by purchasing 170,000 company shares during the most recent quarter which is valued at $7,937,300. Computer Sciences Corporation makes up approx 0.04% of State Of Tennessee Treasury Department’s portfolio.Aperio Group boosted its stake in CSC in the latest quarter, The investment management firm added 5,848 additional shares and now holds a total of 31,326 shares of Computer Sciences Corporation which is valued at $1,462,611. Computer Sciences Corporation makes up approx 0.01% of Aperio Group’s portfolio. Proficio Capital Partners added CSC to its portfolio by purchasing 23 company shares during the most recent quarter which is valued at $1,100.Lasalle Street Capital Management reduced its stake in CSC by selling 7,839 shares or 13.82% in the most recent quarter. The Hedge Fund company now holds 48,875 shares of CSC which is valued at $2,372,881. Computer Sciences Corporation makes up approx 2.20% of Lasalle Street Capital Management’s portfolio.

Computer Sciences Corporation opened for trading at $47.09 and hit $48.37 on the upside on Thursday, eventually ending the session at $47.63, with a gain of 1.25% or 0.59 points. The heightened volatility saw the trading volume jump to 20,20,134 shares. Company has a market cap of $6,689 M.

On the company’s financial health, Computer Sciences Corporation reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.45. The company had revenue of $1930.00 million for the quarter, compared to analysts expectations of $1905.26 million. 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.

Many Wall Street Analysts have commented on Computer Sciences Corporation. Computer Sciences Corporation was Downgraded by Raymond James to ” Mkt Perform” on May 25, 2016. Company shares were Upgraded by Barclays on May 25, 2016 to ” Overweight”, Firm has raised the Price Target to $ 54 from a previous price target of $35 .

Computer Sciences Corporation (CSC) is a global provider of information technology (IT) and professional services and solutions. The Company operates through three segments: Global Business Services (GBS) which is a provider of various technology solutions including consulting applications services and software; Global Infrastructure Services (GIS) which provides solutions such as managed and virtual desktop solutions and data center management and North American Public Sector (NPS) which delivers IT mission and operations-related services. Its subsidiary ServiceMesh Inc. (ServiceMesh) is a provider of enterprise cloud management software. ServiceMesh also provides various other services such as tiered services levels different levels of security self-service options governance policy and real time monitoring. CSC’s subsidiary Fruition Partners provides technology-enabled solutions for the service-management sector and provides support for ServiceNow-related software

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