Signet Financial Management LLC acquired a new position in DXC Technology Co (NYSE:DXC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 59,963 shares of the company’s stock, valued at approximately $3,396,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in shares of DXC Technology by 11.3% in the fourth quarter. Geode Capital Management LLC now owns 4,452,857 shares of the company’s stock valued at $236,418,000 after purchasing an additional 451,768 shares during the period. Janney Montgomery Scott LLC raised its holdings in DXC Technology by 82.9% in the first quarter. Janney Montgomery Scott LLC now owns 28,693 shares of the company’s stock worth $1,845,000 after purchasing an additional 13,002 shares during the period. Candriam Luxembourg S.C.A. boosted its position in shares of DXC Technology by 22.3% during the first quarter. Candriam Luxembourg S.C.A. now owns 26,922 shares of the company’s stock worth $1,731,000 after purchasing an additional 4,900 shares in the last quarter. Cornerstone Advisors Inc. boosted its position in shares of DXC Technology by 100.0% during the first quarter. Cornerstone Advisors Inc. now owns 578 shares of the company’s stock worth $37,000 after purchasing an additional 289 shares in the last quarter. Finally, Stephens Inc. AR acquired a new position in shares of DXC Technology in the 1st quarter valued at $321,000. Institutional investors and hedge funds own 88.47% of the company’s stock.
In other DXC Technology news, EVP Joanne Mason sold 48,679 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $51.99, for a total transaction of $2,530,821.21. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO John M. Lawrie acquired 10,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average price of $49.56 per share, for a total transaction of $495,600.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 22,066 shares of company stock valued at $1,153,043. 0.81% of the stock is owned by company insiders.
A number of research analysts recently weighed in on DXC shares. TheStreet lowered DXC Technology from a “b-” rating to a “c+” rating in a report on Thursday, May 23rd. Bank of America cut their price target on shares of DXC Technology from $64.00 to $56.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Zacks Investment Research downgraded DXC Technology from a “hold” rating to a “sell” rating and set a $36.00 price target for the company. in a report on Tuesday, August 13th. BMO Capital Markets lowered DXC Technology from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $60.00 to $48.00 in a research report on Friday, August 9th. Finally, Wells Fargo & Co dropped their price objective on DXC Technology from $72.00 to $55.00 and set a “market perform” rating on the stock in a research note on Friday, May 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $66.69.
Shares of DXC Technology stock traded up $0.45 on Wednesday, hitting $36.48. 182,974 shares of the company traded hands, compared to its average volume of 4,351,649. DXC Technology Co has a 52 week low of $30.11 and a 52 week high of $96.75. The business has a 50-day simple moving average of $40.55 and a 200 day simple moving average of $54.77. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $9.16 billion, a P/E ratio of 4.36, a price-to-earnings-growth ratio of 1.22 and a beta of 1.93.
DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.03. DXC Technology had a net margin of 5.70% and a return on equity of 19.57%. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter in the prior year, the company earned $1.93 EPS. The company’s revenue was down 7.4% compared to the same quarter last year. Research analysts expect that DXC Technology Co will post 7.3 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, September 4th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Tuesday, September 3rd. DXC Technology’s payout ratio is 10.07%.
DXC Technology Profile
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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