Scout Investments buys $55,567,898 stake in Computer Sciences Corporation (CSC)

Computer Sciences Corporation (CSC) : Scout Investments scooped up 169,648 additional shares in Computer Sciences Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 1,656,765 shares of Computer Sciences Corporation which is valued at $55,567,898.Computer Sciences Corporation makes up approximately 1.51% of Scout Investments’s portfolio.

Other Hedge Funds, Including , Jennison Associates boosted its stake in CSC in the latest quarter, The investment management firm added 2,878 additional shares and now holds a total of 2,989,042 shares of Computer Sciences Corporation which is valued at $100,252,469. Computer Sciences Corporation makes up approx 0.11% of Jennison Associates’s portfolio.Russell Frank Co boosted its stake in CSC in the latest quarter, The investment management firm added 40,611 additional shares and now holds a total of 988,901 shares of Computer Sciences Corporation which is valued at $32,762,290. Computer Sciences Corporation makes up approx 0.06% of Russell Frank Co’s portfolio.Achievement Holdings reduced its stake in CSC by selling 6,900 shares or 58.97% in the most recent quarter. The Hedge Fund company now holds 4,800 shares of CSC which is valued at $159,024. Computer Sciences Corporation makes up approx 0.02% of Achievement Holdings’s portfolio.Kirr Marbach Co In reduced its stake in CSC by selling 518 shares or 0.32% in the most recent quarter. The Hedge Fund company now holds 159,321 shares of CSC which is valued at $5,295,830. Computer Sciences Corporation makes up approx 1.07% of Kirr Marbach Co In’s portfolio.

Computer Sciences Corporation opened for trading at $33.76 and hit $34.12 on the upside on Tuesday, eventually ending the session at $34.11, with a gain of 1.58% or 0.53 points. The heightened volatility saw the trading volume jump to 9,30,064 shares. Company has a market cap of $4,709 M.

On the company’s financial health, Computer Sciences Corporation reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $0.69. The company had revenue of $1750.00 million for the quarter, compared to analysts expectations of $1851.18 million. The company’s revenue was down -10.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.18 EPS.

Many Wall Street Analysts have commented on Computer Sciences Corporation. Computer Sciences Corporation was Downgraded by Wells Fargo to ” Market Perform” on Apr 13, 2016. Computer Sciences Corporation was Resumed by Goldman to “Neutral” on Mar 9, 2016. Computer Sciences Corporation was Downgraded by Citigroup to ” Neutral” on Feb 26, 2016.

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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