Computer Sciences Corporation (NYSE:CSC) investors: listen up.
In the financial world, there are dozens of indicators shareholders can use to analyze Mr. Market. A couple of the most innovative are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the top money managers can outclass the market by a superb margin (see just how much).
Equally as necessary, positive insider trading activity is a second way to analyze the stock market universe. Just as you’d expect, there are plenty of stimuli for a corporate insider to downsize shares of his or her company, but just one, very simple reason why they would behave bullishly. Several empirical studies have demonstrated the market-beating potential of this tactic if you know what to do (learn more here).
What’s more, we’re going to study the newest info for Computer Sciences Corporation (NYSE:CSC).
How have hedgies been trading Computer Sciences Corporation (NYSE:CSC)?
At Q2’s end, a total of 27 of the hedge funds we track held long positions in this stock, a change of 4% from the first quarter. With the smart money’s capital changing hands, there exists a few notable hedge fund managers who were upping their stakes meaningfully.
When using filings from the hedgies we track, Larry Robbins’s Glenview Capital had the biggest position in Computer Sciences Corporation (NYSE:CSC), worth close to $318.4 million, comprising 2.9% of its total 13F portfolio. On Glenview Capital’s heels is Greenlight Capital, managed by David Einhorn, which held a $179.8 million position; the fund has 3.4% of its 13F portfolio invested in the stock. Some other peers that are bullish include Cliff Asness’s AQR Capital Management, Donald Chiboucis’s Columbus Circle Investors and D. E. Shaw’s D E Shaw.
With a general bullishness amongst the titans, certain bigger names were leading the bulls’ herd. Glenview Capital, managed by Larry Robbins, assembled the largest position in Computer Sciences Corporation (NYSE:CSC). Glenview Capital had 318.4 million invested in the company at the end of the quarter. David Einhorn’s Greenlight Capital also made a $179.8 million investment in the stock during the quarter. The other funds with brand new CSC positions are Cliff Asness’s AQR Capital Management, Donald Chiboucis’s Columbus Circle Investors, and D. E. Shaw’s D E Shaw.
How are insiders trading Computer Sciences Corporation (NYSE:CSC)?
Legal insider trading, particularly when it’s bullish, is particularly usable when the company we’re looking at has experienced transactions within the past six months. Over the last six-month time frame, Computer Sciences Corporation (NYSE:CSC) has seen zero unique insiders purchasing, and 2 insider sales (see the details of insider trades here).
We’ll also take a look at the relationship between both of these indicators in other stocks similar to Computer Sciences Corporation (NYSE:CSC). These stocks are NCR Corporation (NYSE:NCR), ServiceNow Inc (NYSE:NOW), Xerox Corporation (NYSE:XRX), Gartner Inc (NYSE:IT), and Rackspace Hosting, Inc. (NYSE:RAX). All of these stocks are in the information technology services industry and their market caps are closest to CSC’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| NCR Corporation (NYSE:NCR) | 28 | 0 | 8 |
| ServiceNow Inc (NYSE:NOW) | 22 | 0 | 11 |
| Xerox Corporation (NYSE:XRX) | 35 | 0 | 7 |
| Gartner Inc (NYSE:IT) | 11 | 0 | 11 |
| Rackspace Hosting, Inc. (NYSE:RAX) | 26 | 0 | 9 |
Using the results explained by our analyses, average investors must always pay attention to hedge fund and insider trading activity, and Computer Sciences Corporation (NYSE:CSC) is an important part of this process.
