Kalos Management Lowers stake in Computer Sciences Corporation (CSC)

Computer Sciences Corporation (CSC) : Kalos Management reduced its stake in Computer Sciences Corporation by 2.22% during the most recent quarter end. The investment management company now holds a total of 60,230 shares of Computer Sciences Corporation which is valued at $2,869,357 after selling 1,367 shares in Computer Sciences Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Computer Sciences Corporation makes up approximately 2.16% of Kalos Management’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in CSC by selling 1,442 shares or 0.48% in the most recent quarter. The Hedge Fund company now holds 301,661 shares of CSC which is valued at $14,371,130. Computer Sciences Corporation makes up approx 0.03% of California State Teachers Retirement System’s portfolio.Lmr Partners Llp boosted its stake in CSC in the latest quarter, The investment management firm added 19,057 additional shares and now holds a total of 29,010 shares of Computer Sciences Corporation which is valued at $1,387,548. Computer Sciences Corporation makes up approx 0.21% of Lmr Partners Llp’s portfolio.Checchi Capital Advisers boosted its stake in CSC in the latest quarter, The investment management firm added 104 additional shares and now holds a total of 2,726 shares of Computer Sciences Corporation which is valued at $130,739. Computer Sciences Corporation makes up approx 0.03% of Checchi Capital Advisers’s portfolio.

Computer Sciences Corporation opened for trading at $47.57 and hit $48 on the upside on Thursday, eventually ending the session at $47.99, with a gain of 0.73% or 0.35 points. The heightened volatility saw the trading volume jump to 8,17,572 shares. Company has a market cap of $6,648 M.

On the company’s financial health, Computer Sciences Corporation reported $0.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 24, 2016. Analyst had a consensus of $0.68. The company had revenue of $1807.00 million for the quarter, compared to analysts expectations of $1797.30 million. The company’s revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.26 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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