Insider Selling: DXC Technology Company. (NYSE:DXC) CFO Sells 59,824 Shares of Stock

DXC Technology Company. (NYSE:DXC) CFO Paul N. Saleh sold 59,824 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $78.08, for a total transaction of $4,671,057.92. Following the completion of the transaction, the chief financial officer now directly owns 196,113 shares of the company’s stock, valued at approximately $15,312,503.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

DXC Technology Company. (DXC) traded down 0.06% during midday trading on Friday, reaching $78.43. 898,616 shares of the company’s stock traded hands. The company’s 50-day moving average price is $77.51 and its 200 day moving average price is $72.95. The stock’s market capitalization is $22.32 billion. DXC Technology Company. has a 52 week low of $45.37 and a 52 week high of $80.83.

DXC Technology Company. (NYSE:DXC) last announced its quarterly earnings results on Thursday, May 25th. The company reported $1.15 EPS for the quarter, beating the 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 company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.95 billion. On average, equities research analysts expect that DXC Technology Company. will post $6.81 earnings per share for the current year.

The business also recently disclosed a special dividend, which was paid on Tuesday, July 11th. Stockholders of record on Tuesday, June 13th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, June 9th. DXC Technology Company.’s payout ratio is -67.42%.

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A number of equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of DXC Technology Company. from a “hold” rating to a “sell” rating in a research report on Thursday. Royal Bank Of Canada reaffirmed a “buy” rating and set a $87.00 price target on shares of DXC Technology Company. in a research report on Monday, May 15th. Stifel Nicolaus began coverage on shares of DXC Technology Company. in a research report on Tuesday, May 30th. They set a “hold” rating and a $86.00 price target for the company. Cantor Fitzgerald reaffirmed a “hold” rating and set a $75.00 price target on shares of DXC Technology Company. in a research report on Friday, May 26th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $90.00 price target on shares of DXC Technology Company. in a research report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. DXC Technology Company. has an average rating of “Buy” and an average price target of $87.30.

Several large investors have recently made changes to their positions in the company. Cribstone Capital Management LLC increased its position in shares of DXC Technology Company. by 4.7% in the second quarter. Cribstone Capital Management LLC now owns 1,408 shares of the company’s stock valued at $108,000 after buying an additional 63 shares during the last quarter. Fox Run Management L.L.C. increased its position in shares of DXC Technology Company. by 15.5% in the second quarter. Fox Run Management L.L.C. now owns 4,000 shares of the company’s stock valued at $307,000 after buying an additional 537 shares during the last quarter. Westside Investment Management Inc. acquired a new position in shares of DXC Technology Company. during the first quarter valued at about $105,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of DXC Technology Company. during the second quarter valued at about $143,000. Finally, Bartlett & Co. LLC purchased a new stake in shares of DXC Technology Company. during the first quarter valued at $145,000. Institutional investors and hedge funds own 49.85% of the company’s stock.