Just How Positive is Jefferies on Computer Sciences (NYSE:CSC) Following Their Upgrade?


Computer Sciences (NYSE:CSC) Stock Upgrade

Computer Sciences (NYSE:CSC)’s stock was lifted to a solid Buy by investment advisers at Jefferies. CSC’s past Hold rating is has been discontinued by the brokerage firm.

From a total of 3 analysts covering Computer Sciences Corporation (NYSE:CSC) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 8 a ”Hold”. This means that 38% of the ratings are positive. The highest target price is $34 while the lowest target price is $29. The mean of all analyst targets is $31.33 with a 105.23% above today’s ($30.99) stock price. Computer Sciences Corporation was the topic of 13 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. SunTrust downgraded shares on December 1 to “Neutral” rating. Deutsche Bank maintained shares with “Hold” rating and $65.0 target share price in a report from a September 1. Cowen & Co initiated CSC stock in a recent report from November 20 with “Outperform” rating. Citigroup upgraded the rating on August 7. Citigroup has a “Buy” rating and a $77 price target on shares. Finally, Cantor Fitzgerald initiated the stock with “Hold” rating in a report issued on an October 16.

Approximately 907,788 shares of stock traded hands. Computer Sciences Corporation (NYSE:CSC) has declined 52.69% since May 6, 2015 and is downtrending. It has underperformed by 51.89% the S&P500.

The overall sentiment of institutions has increased to 0.86 in Q2 2015. Its up 0.18, from 0.68 in 2015Q2. The ratio increased, as 38 institutions have sold all the shares of Computer Sciences Corporation that they owned while 153 funds have taken shares off the table. 41 funds have purchased shares for the first time while 123 added to their positions. These institutions now hold 137.21 million shares or 6.84% more than the 128.43 million shares they owned in 2015Q2.

The Fund Isf Management Llc currently is holding shares equating to 7.31% of its total portfolio in Computer Sciences Corporation representing a total of 73,757 shares. Another fund,Jana Partners Llc, is holding a total of 7.33 million shares equating to 5.07% of their holdings. Additionally, Blue Harbour Group L.P. has a 1.64 million share stake in Computer Sciences Corporation which represents 3.14% of their total portfolio. The Fund, Bow Street Llc, based out of New York, has also built up a stake in the stock, which represents a total of 2.69% of their total portfolio. Finally Ci Global Investments Inc., a fund which is based in the state of Ontario – Canada reported a total holdings of 1.85 million shares.

Insider activity is a very important aspect to track on any stock. Going back to March 11, 2015, shareholders of Computer Sciences Corporation have witnessed 0 insider buys, and a total of 4 selling transactions equating to a net activity of approximately $746,052 . Lawrie John M sold 601 shares worth approximately $39,084. Deckelman William L Jr sold 2,592 shares worth approximately $176,741. Zolet David W sold 3,814 shares worth approximately $260,527.

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 $4.30 billion. The Firm operates through three divisions: Global Business Services (GBS), which is a well-known 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. It has 200.67 P/E ratio. The Company’s subsidiary, ServiceMesh Inc. (ServiceMesh), is a well-known provider of enterprise cloud management software.

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.” Get a free copy of the Zacks research report on Computer Sciences Corporation (CSC).