Eqis Capital Management Inc. acquired a new stake in DXC Technology Company. (NYSE:DXC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,189 shares of the company’s stock, valued at approximately $245,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cribstone Capital Management LLC bought a new position in DXC Technology Company. during the first quarter valued at approximately $102,000. Westside Investment Management Inc. acquired a new stake in shares of DXC Technology Company. during the first quarter worth about $105,000. Bartlett & Co. LLC acquired a new stake in shares of DXC Technology Company. during the first quarter worth about $145,000. Grassi Investment Management acquired a new stake in shares of DXC Technology Company. during the second quarter worth about $203,000. Finally, Advisor Partners LLC acquired a new stake in shares of DXC Technology Company. during the first quarter worth about $207,000. Hedge funds and other institutional investors own 53.95% of the company’s stock.
Shares of DXC Technology Company. (NYSE:DXC) opened at 85.79 on Thursday. The company has a market cap of $24.35 billion, a PE ratio of 270.63 and a beta of 1.11. The company’s 50-day moving average price is $79.23 and its 200 day moving average price is $74.78. DXC Technology Company. has a one year low of $64.06 and a one year high of $86.08.
DXC Technology Company. (NYSE:DXC) last issued its earnings results on Tuesday, August 8th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.34. The business had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.95 billion. DXC Technology Company. had a net margin of 0.49% and a return on equity of 14.82%. Equities analysts forecast that DXC Technology Company. will post $6.80 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Wednesday, September 6th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.72 annualized dividend and a yield of 0.84%. DXC Technology Company.’s payout ratio is -315.79%.
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A number of brokerages have recently issued reports on DXC. Cantor Fitzgerald reaffirmed a “hold” rating and set a $79.00 target price on shares of DXC Technology Company. in a research report on Friday, August 11th. Zacks Investment Research raised DXC Technology Company. from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Cowen and Company reissued a “hold” rating and issued a $77.00 price objective on shares of DXC Technology Company. in a report on Thursday, August 10th. TheStreet raised DXC Technology Company. from a “c” rating to a “b” rating in a report on Tuesday, August 8th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $86.00 target price on shares of DXC Technology Company. in a research note on Thursday, August 10th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $87.33.
In other DXC Technology Company. news, CFO Paul N. Saleh sold 59,824 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 196,113 shares in the company, valued at $15,312,503.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Stephen Hilton sold 5,052 shares of the company’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $74.82, for a total transaction of $377,990.64. Following the transaction, the executive vice president now owns 2,574 shares in the company, valued at approximately $192,586.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 292,396 shares of company stock worth $23,335,020. Corporate insiders own 1.30% of the company’s stock.
About DXC Technology Company.
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.
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