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Computer Sciences Corporation
Former type
Public
Traded as NYSE: CSC
Industry IT services, IT consulting
Fate Merged with HP Enterprise Services; formed DXC Technology
Successor DXC Technology
Founded April 1959; 58 years ago (1959-04)
Founder Roy Nutt
Fletcher R. Jones
Defunct April 3, 2017 (2017-04-03)
Headquarters Tysons Corner, Virginia, United States
Area served
Worldwide
Key people
John Michael Lawrie, (Chairman, President and CEO)
Services IT, business consulting and outsourcing services
Subsidiaries CSC India, Computer Sciences Raytheon, Xchanging
Website www.csc.com

Computer Sciences Corporation (CSC) was an American multinational corporation that provided information technology (IT) services and professional services. On April 3, 2017, it merged with HP Enterprise Services to create DXC Technology.

CSC was founded in April 1959 in Los Angeles, California, by Roy Nutt and Fletcher Jones. CSC initially provided programming tools such as assembler and compiler software.

In the 1960s, CSC provided software programming services to major computer manufacturers like IBM and Honeywell and secured their first contracts for the U.S. public sector with NASA (among others).

By 1963, CSC became the largest software company in the United States and the first software company to be listed on the American Stock Exchange. By the end of 1968, CSC was listed on the New York Stock Exchange and had operations in Canada, India, the United Kingdom, Germany, Spain, Italy, Brazil, and the Netherlands.

In the 1970s and 1980s, CSC expanded globally winning large contracts for the finance and defense industries and through acquisitions in Europe and Australia.

Since its beginnings in 1959, company headquarters had been in California. On March 29, 2008, the corporate headquarters of the company were relocated from El Segundo, California, to Annandale, Virginia. CSC has been a Fortune 500 Company since 1995, coming in at 162 in the 2012 rankings.

In May 2015, CSC announced plans to split the public sector business from its commercial and international business. In August, it was announced that CSC's Government Service business would merge with SRA International to form a new company -- CSRA—at the end of November 2015.

In July 2015, CSC and HCL Technologies announced the signing of a joint venture agreement to form a banking software and services company, Celeriti FinTech.

In September 2015, CSC closed the acquisition of Fixnetix, a provider of front-office managed trading solutions in capital markets. CSC also acquired Fruition Partners, a provider of technology-enabled solutions for the service-management sector during the month.

In November 2015, CSC agreed to acquire the shares of UXC, an IT services company based in Australia in a deal valued at A$427.6 million (US$309 million).

In December 2015, business technology and services provider, Xchanging, agreed to be purchased by CSC.

In February 2016, CSC announced it was moving its headquarters to Tysons, Fairfax County's central business district, just a few miles from Annandale.

On April 3, 2017, it merged with HP Enterprise Services to create DXC Technology.

CSC ranked among the leading IT service providers in the world. Geographically, CSC had major operations throughout North America, Europe, Asia, and Australia.

The company operated in three broad service lines or sectors until the 2015 divestment of NPS, its public sector:

The company made several acquisitions, including DynCorp in 2003 and Covansys Corporation in 2007.

News

Computer Sciences Corporation (technology)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q1 2017 2017-08-08 Future report Set alerts
Q4 2016 2017-05-24 Future report Set alerts
Q3 2016 2017-02-02 0.81 0.21
Q2 2016 2016-11-03 0.61 0.10
Q1 2016 2016-08-08 0.53 -0.15
Q4 2015 2016-05-24 0.73 -0.76
Q3 2015 2016-02-09 0.71 0.10
Q2 2015 2015-11-04 0.54 0.66
Q1 2015 2015-08-11 0.55 0.46
Q4 2014 2015-05-19 0.71 -0.97

Ratings

2016-07-09 Reiterated Rating Barclays PLC Buy
2016-06-29 Reiterated Rating Jefferies Group Buy $63.00
2016-05-26 Boost Price Target Jefferies Group Buy $36.00 to $63.00
2016-05-26 Reiterated Rating Cantor Fitzgerald Hold
2016-05-26 Reiterated Rating Citigroup Inc. Hold
2016-05-25 Reiterated Rating Deutsche Bank Hold $34.00 to $48.00
2016-05-25 Reiterated Rating Wells Fargo Hold
2016-05-25 Upgrade BMO Capital Markets Market Perform to Outperform
2016-05-25 Downgrade Raymond James Outperform to Market Perform
2016-05-25 Upgrade Barclays Equal Weight to Overweight $35.00 to $54.00
2016-05-25 Reiterated Rating Deutsche Bank AG Hold $34.00 to $48.00
2016-05-25 Reiterated Rating Wells Fargo & Co. Hold
2016-05-25 Downgrade Raymond James Financial Inc. Outperform to Market Perform
2016-05-25 Upgrade Barclays PLC Equal Weight to Overweight $35.00 to $54.00
2016-05-19 Reiterated Rating Jefferies Group Buy
2016-04-13 Downgrade Wells Fargo Outperform to Market Perform $34.00 to $33.00
2016-03-09 Reiterated Rating Goldman Sachs Neutral $35.00
2016-03-09 Reiterated Rating Goldman Sachs Group Inc. Neutral $35.00
2016-02-26 Downgrade Citigroup Inc. Buy to Neutral
2016-02-18 Initiated Coverage Cowen and Company Market Perform $29.00
2016-02-10 Reiterated Rating Deutsche Bank Hold
2016-02-10 Lower Price Target BMO Capital Markets Market Perform $35.00 to $34.00
2016-02-10 Reiterated Rating Cantor Fitzgerald Hold $30.00
2016-02-07 Reiterated Rating BMO Capital Markets Hold $35.00
2016-02-06 Reiterated Rating Jefferies Group Buy
2016-01-05 Reiterated Rating Deutsche Bank Hold
2016-01-05 Downgrade Barclays Overweight to Equal Weight $76.00 to $35.00
2016-01-04 Reiterated Rating Cantor Fitzgerald Hold
2015-12-29 Reiterated Rating Cantor Fitzgerald Hold $33.00
2015-12-16 Lower Price Target Raymond James Outperform $81.00 to $35.00
2015-12-09 Upgrade Jefferies Group Hold to Buy
2015-12-01 Downgrade SunTrust Buy to Neutral $78.00 to $34.00
2015-12-01 Downgrade SunTrust Banks Inc. Buy to Neutral $78.00 to $34.00
2015-11-20 Initiated Coverage Cowen and Company Outperform
2015-11-02 Lower Price Target RBC Capital Sector Perform $68.00 to $67.00
2015-11-02 Lower Price Target JPMorgan Chase & Co. Underweight $67.00 to $62.00
2015-11-02 Lower Price Target BMO Capital Markets Market Perform $65.00 to $63.00
2015-11-02 Lower Price Target Barclays Equal Weight $67.00 to $64.00
2015-11-02 Lower Price Target Royal Bank Of Canada Sector Perform $68.00 to $67.00
2015-10-16 Initiated Coverage Cantor Fitzgerald Hold $64.00
2015-09-02 Reiterated Rating BMO Capital Markets Hold $72.00
2015-09-01 Lower Price Target Deutsche Bank Hold $73.00 to $65.00
2015-09-01 Upgrade Barclays Equal Weight to Overweight
2015-08-14 Boost Price Target JPMorgan Chase & Co. Neutral $66.00 to $71.00
2015-08-12 Reiterated Rating BMO Capital Markets Hold $72.00
2015-08-12 Upgrade SunTrust Neutral to Buy $78.00
2015-08-07 Upgrade Citigroup Inc. Neutral to Buy $73.00 to $77.00
2015-08-04 Reiterated Rating Deutsche Bank Hold $73.00
2015-08-03 Reiterated Rating Barclays Equal Weight $74.00 to $68.00
2015-05-27 Upgrade Wells Fargo & Co. Market Perform to Outperform
2015-05-27 Upgrade Wells Fargo Market Perform to Outperform
2015-05-23 Reiterated Rating Jefferies Group Hold $70.00
2015-05-20 Boost Price Target Barclays Equal Weight $64.00 to $74.00
2015-05-20 Boost Price Target Deutsche Bank Hold $55.00 to $73.00
2015-05-20 Reiterated Rating Cowen and Company Market Perform $75.00
2015-05-20 Upgrade Morgan Stanley Underweight to Equal Weight $63.00 to $73.00
2015-05-20 Upgrade JPMorgan Chase & Co. Underweight to Neutral
2015-04-14 Downgrade Goldman Sachs Buy to Neutral $68.00
2015-02-24 Reiterated Rating BMO Capital Markets Market Perform $63.00
2015-02-24 Downgrade Stifel Nicolaus Buy to Hold
2015-02-23 Reiterated Rating JPMorgan Chase & Co. Sell
2015-02-10 Set Price Target Morgan Stanley Sell $58.00
2015-02-10 Lower Price Target Barclays Equal Weight $67.00 to $64.00
2015-02-10 Set Price Target BMO Capital Markets Hold $63.00
2015-01-15 Downgrade JPMorgan Chase & Co. Neutral to Underweight $65.00 to $67.00
2015-01-12 Boost Price Target Barclays Equal Weight $64.00 to $67.00
2015-01-09 Boost Price Target Citigroup Inc. Neutral $62.00 to $67.50
2014-11-07 Reiterated Rating Morgan Stanley Underweight $60.00 to $58.00
2014-10-01 Upgrade Morgan Stanley Underweight to Outperform $60.00
2014-09-30 Upgrade Raymond James Market Perform to Outperform $75.00
2014-09-29 Initiated Coverage Goldman Sachs Buy $72.00
2014-08-26 Initiated Coverage RBC Capital Sector Perform $66.00
2014-07-07 Initiated Coverage Morgan Stanley Underweight $60.00
2014-06-16 Reiterated Rating Barclays Equal Weight $58.00 to $67.00
2014-05-12 Reiterated Rating Jefferies Group Hold $59.00 to $62.00
2014-05-09 Reiterated Rating Citigroup Inc. Hold $60.00 to $62.00
2014-05-09 Boost Price Target Stifel Nicolaus Buy $60.00 to $68.00
2014-05-09 Boost Price Target BMO Capital Markets Market Perform $60.00 to $65.00
2014-03-25 Initiated Coverage SunTrust Neutral $68.00
2014-03-03 Upgrade Ned Davis Research Neutral to Buy
2014-02-19 Boost Price Target Cowen and Company $60.00 to $75.00
2014-01-31 Boost Price Target Deutsche Bank Hold $50.00 to $55.00
2014-01-31 Boost Price Target BMO Capital Markets $53.00 to $60.00
2014-01-31 Boost Price Target Barclays Equal Weight $56.00 to $58.00
2014-01-31 Upgrade JPMorgan Chase & Co. Underweight to Neutral $59.00
2014-01-21 Boost Price Target Barclays Equal Weight $53.00 to $56.00
2013-11-11 Downgrade Ned Davis Research Buy to Neutral
2013-10-31 Reiterated Rating BMO Capital Markets Market Perform $54.00 to $53.00
2013-10-17 Initiated Coverage Tigress Financial Neutral
2012-11-19 Upgrade Deutsche Bank Hold to Buy $46
2011-06-09 Reiterated Stifel Nicolaus Buy $53 to $50
2011-05-26 Reiterated Stifel Nicolaus Buy $55 to $53
2016-07-09 Reiterated Rating Barclays PLC Buy
2016-06-29 Reiterated Rating Jefferies Group Buy $63.00
2016-05-26 Boost Price Target Jefferies Group Buy $36.00 to $63.00
2016-05-26 Reiterated Rating Cantor Fitzgerald Hold
2016-05-26 Reiterated Rating Citigroup Inc. Hold

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
LAWRIE JOHN M President and CEO 0.26%  (380729) CSC / CSRA / JNPR /
Cook James Dennis Ex VP Global Industries 0.04%  (58482) CSC /
CHASE RODNEY F 0.04%  (55082) CSC / HES / TSO /
Zolet David W Ex VP & GM NPS 0.03%  (43682) CSC /
Budzinski Gary M. Exec VP & GM GIS 0.03%  (37051) CSC /
BARRAM DAVID J 0.02%  (31200) CSC /
HABERKORN JUDITH R 0.01%  (21200) CSC /
BAILEY IRVING W II Retired Director 0.01%  (18652) CSC / HSP /
Brynjolfsson Erik 0.01%  (16787) CSC /
Bahl Romil EVP & GM Global Industries 0.01%  (16603) CSC / PRGX /
PARK CHONG SUP 0.01%  (12300) BRKS / CSC / ENPH / STX /
Hogan Thomas E Exec VP & GM GBS 0.01%  (11711) CSC /
Prior Lawrence B III Exec VP & GM NPS 0.01%  (11539) CSC / CSRA /
Holzer Sunita Exec VP and CHRO 0.01%  (11355) CSC / RLGY / SJI /
Mahadwar Ashish EVP & GM Strategic Business 0.01%  (11149) CSC /

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