Procurement News Notice |
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| PNN | 8874 |
| Work Detail | Ccm Investment Advisers scooped up 89,925 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 590,190 shares of Computer Sciences Corporation which is valued at $27,555,971.Computer Sciences Corporation makes up approximately 2.48% of Ccm Investment Advisers’s portfolio. Other Hedge Funds, Including , Jacobs Levy Equity Management Inc sold out all of its stake in CSC during the most recent quarter. The investment firm sold 11,460 shares of CSC which is valued $535,067.Stevens Capital Management Lp reduced its stake in CSC by selling 16,943 shares or 32.09% in the most recent quarter. The Hedge Fund company now holds 35,863 shares of CSC which is valued at $1,674,443. Computer Sciences Corporation makes up approx 0.06% of Stevens Capital Management Lp’s portfolio. Usa Mutuals Advisors sold out all of its stake in CSC during the most recent quarter. The investment firm sold 80 shares of CSC which is valued $3,735.Canada Pension Plan Investment Board reduced its stake in CSC by selling 24,144 shares or 13.06% in the most recent quarter. The Hedge Fund company now holds 160,663 shares of CSC which is valued at $7,501,355. Computer Sciences Corporation makes up approx 0.03% of Canada Pension Plan Investment Board’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 |
| Country | United States , Northern America |
| Industry | Financial Services |
| Entry Date | 15 Oct 2016 |
| Source | http://www.tradecalls.org/2016/09/ccm-investment-advisers-buys-27555971-stake-in-computer-sciences-corporation-csc-383747/ |
