Large Outflow of Money Witnessed in Computer Sciences Corporation

Computer Sciences Corporation (CSC) managed to stay afloat and traded higher with an addition of 0.18 point or 0.29% at $62.38. The money flow data is a negative $(-3.24) million with $2.93 million in upticks and $6.17 million in downticks. The intraday up/down ratio came in at 0.48. The shares has seen 0.66% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $2.04 million and the combined worth of the downticks was $5.31, Million, leading to the up/down ratio of 0.38. The block trade saw a net money flow of $(-3.28) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Computer Sciences Corporation rose by 1.88% in the last five trading days and 4.76% for the last 4 weeks. Computer Sciences Corporation is up 14.59% in the last 3-month period. Year-to-Date the stock performance stands at 4.76%. Computer Sciences Corporation (NYSE:CSC) rose 0.08% or 0.05 points on Wednesday and made its way into the gainers of the day. After trading began at $62.38 the stock was seen hitting $62.83 as a peak level and $61.685 as the lowest level. The stock ended up at $62.25. The daily volume was measured at 1,463,158 shares. The 52-week high of the share price is $63.34 and the 52-week low is $24.27. The company has a market cap of $8,766 million.

Company has reported several Insider transactions to the SEC, on Jan 30, 2017, John M Lawrie (Chairman, President and CEO) sold 5,400 shares at 61.55 per share price.On Dec 5, 2016, Paul N Saleh (Exec Vice President and CFO) sold 5,000 shares at 60.78 per share price.On Jun 22, 2016, James R Smith (Exec VP & GM GBS) sold 33,751 shares at 51.20 per share price.

Computer Sciences Corporation Last issued its quarterly earnings results on Nov 3, 2016. The company reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.14. Analyst had a consensus of $0.47. The company had revenue of $1871.00 million for the quarter, compared to analysts expectations of $1859.98 million. The companys revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Stifel on Jan 26, 2017 to Hold, Raises Price Target to $ 66 from a previous price target of $57 .

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.


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