Cookson Peirce Co Inc buys $20,341,565 stake in Computer Sciences Corporation (CSC)

Computer Sciences Corporation (CSC) : Cookson Peirce Co Inc scooped up 13,555 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 3, 2016. The investment management firm now holds a total of 426,985 shares of Computer Sciences Corporation which is valued at $20,341,565.Computer Sciences Corporation makes up approximately 2.94% of Cookson Peirce Co Inc’s portfolio.

Other Hedge Funds, Including , Towle Co sold out all of its stake in CSC during the most recent quarter. The investment firm sold 110 shares of CSC which is valued $5,240.Delta Asset Managementtn reduced its stake in CSC by selling 141,028 shares or 99.93% in the most recent quarter. The Hedge Fund company now holds 100 shares of CSC which is valued at $4,796.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 closed down -0.5 points or -1.03% at $48.02 with 12,71,611 shares getting traded on Monday. Post opening the session at $48.47, the shares hit an intraday low of $47.7 and an intraday high of $48.47 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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