DXC Technology Company. (NYSE:DXC) CFO Paul N. Saleh sold 59,824 shares of DXC Technology Company. stock in a transaction on Monday, July 17th. The stock was sold at an average price of $78.08, for a total value of $4,671,057.92. Following the sale, the chief financial officer now owns 196,113 shares of the company’s stock, valued at $15,312,503.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of DXC Technology Company. (DXC) traded up 0.94% during trading on Wednesday, hitting $78.71. The stock had a trading volume of 1,756,210 shares. The stock’s market cap is $11.12 billion. DXC Technology Company. has a 12 month low of $64.06 and a 12 month high of $80.83. The company’s 50 day moving average price is $77.04 and its 200 day moving average price is $72.07.
DXC Technology Company. (NYSE:DXC) last posted its earnings results on Thursday, May 25th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.32. DXC Technology Company. had a positive return on equity of 19.87% and a negative net margin of 1.62%. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.95 billion. Equities research analysts expect that DXC Technology Company. will post $6.70 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which was paid on Tuesday, July 11th. Investors of record on Tuesday, June 13th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, June 9th. DXC Technology Company.’s payout ratio is -67.42%.
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A number of institutional investors have recently bought and sold shares of DXC. Geode Capital Management LLC purchased a new position in DXC Technology Company. during the first quarter valued at about $89,787,000. Goldman Sachs Group Inc. purchased a new position in DXC Technology Company. during the first quarter valued at about $115,847,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in DXC Technology Company. during the first quarter valued at about $39,671,000. Chevy Chase Trust Holdings Inc. purchased a new position in DXC Technology Company. during the second quarter valued at about $18,797,000. Finally, Suffolk Capital Management LLC purchased a new position in DXC Technology Company. during the first quarter valued at about $14,643,000. 49.61% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on the company. Royal Bank Of Canada reiterated a “buy” rating and set a $87.00 target price on shares of DXC Technology Company. in a research report on Tuesday, June 6th. Stifel Nicolaus assumed coverage on DXC Technology Company. in a research report on Tuesday, May 30th. They set a “hold” rating and a $86.00 target price for the company. Zacks Investment Research downgraded DXC Technology Company. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 6th. Citigroup Inc. reiterated a “buy” rating on shares of DXC Technology Company. in a research report on Monday, April 10th. Finally, Barclays PLC assumed coverage on DXC Technology Company. in a research report on Thursday, May 25th. They set an “overweight” rating and a $90.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. DXC Technology Company. presently has a consensus rating of “Buy” and a consensus price target of $86.67.
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