Acadian Asset Management Lowers stake in Computer Sciences Corporation (CSC)

Computer Sciences Corporation (CSC) : Acadian Asset Management reduced its stake in Computer Sciences Corporation by 10.99% during the most recent quarter end. The investment management company now holds a total of 3,036,102 shares of Computer Sciences Corporation which is valued at $147,402,752 after selling 374,849 shares in Computer Sciences Corporation , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Computer Sciences Corporation makes up approximately 0.73% of Acadian Asset Management’s portfolio.

Other Hedge Funds, Including , Eagle Asset Management Inc reduced its stake in CSC by selling 22,435 shares or 31.99% in the most recent quarter. The Hedge Fund company now holds 47,706 shares of CSC which is valued at $2,316,126. Computer Sciences Corporation makes up approx 0.02% of Eagle Asset Management Inc’s portfolio. Americafirst Capital Management sold out all of its stake in CSC during the most recent quarter. The investment firm sold 27,451 shares of CSC which is valued $1,332,746.Nisa Investment Advisors reduced its stake in CSC by selling 350 shares or 1.08% in the most recent quarter. The Hedge Fund company now holds 32,150 shares of CSC which is valued at $1,563,455. Computer Sciences Corporation makes up approx 0.02% of Nisa Investment Advisors’s portfolio. First Manhattan Co added CSC to its portfolio by purchasing 204 company shares during the most recent quarter which is valued at $9,921.Creative Planning reduced its stake in CSC by selling 472 shares or 22.41% in the most recent quarter. The Hedge Fund company now holds 1,634 shares of CSC which is valued at $79,559.

Computer Sciences Corporation opened for trading at $48.55 and hit $48.8533 on the upside on Wednesday, eventually ending the session at $48.55, with a gain of 0.68% or 0.33 points. The heightened volatility saw the trading volume jump to 13,94,220 shares. Company has a market cap of $6,725 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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