Marshall Wace LLP acquired a new stake in DXC Technology Company. (NYSE:DXC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 28,855 shares of the company’s stock, valued at approximately $2,222,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Boston Partners purchased a new position in shares of DXC Technology Company. during the second quarter valued at about $932,573,000. Bank of New York Mellon Corp boosted its position in shares of DXC Technology Company. by 66,828.2% in the second quarter. Bank of New York Mellon Corp now owns 2,494,414 shares of the company’s stock valued at $191,371,000 after buying an additional 2,490,687 shares during the period. Geode Capital Management LLC purchased a new position in shares of DXC Technology Company. during the first quarter valued at about $89,787,000. Goldman Sachs Group Inc. purchased a new position in shares of DXC Technology Company. during the first quarter valued at about $115,847,000. Finally, Legal & General Group Plc purchased a new position in shares of DXC Technology Company. during the second quarter valued at about $112,110,000. 53.95% of the stock is currently owned by institutional investors.
Shares of DXC Technology Company. (NYSE DXC) opened at 83.27 on Tuesday. DXC Technology Company. has a 12 month low of $64.06 and a 12 month high of $86.08. The company has a market cap of $23.63 billion, a PE ratio of 262.68 and a beta of 1.11. The firm’s 50-day moving average price is $79.70 and its 200 day moving average price is $75.33.
DXC Technology Company. (NYSE:DXC) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $1.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.34. The business had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.95 billion. DXC Technology Company. had a net margin of 0.49% and a return on equity of 17.51%. Equities research analysts anticipate that DXC Technology Company. will post $6.80 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Wednesday, September 6th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.72 annualized dividend and a dividend yield of 0.86%. DXC Technology Company.’s dividend payout ratio (DPR) is -315.79%.
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Several research analysts recently issued reports on DXC shares. Zacks Investment Research cut DXC Technology Company. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Barclays PLC started coverage on DXC Technology Company. in a research note on Thursday, May 25th. They issued an “overweight” rating and a $90.00 price objective on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $87.00 price objective on shares of DXC Technology Company. in a research note on Friday, May 5th. Goldman Sachs Group, Inc. (The) raised DXC Technology Company. from a “buy” rating to a “conviction-buy” rating and increased their price objective for the stock from $85.00 to $90.00 in a research note on Tuesday, May 9th. Finally, KeyCorp raised DXC Technology Company. from a “sector weight” rating to an “overweight” rating and set a $93.00 price objective on the stock in a research note on Friday, July 21st. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. DXC Technology Company. currently has an average rating of “Buy” and a consensus target price of $87.33.
In other DXC Technology Company. news, Director Margaret C. Whitman sold 8,600 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $77.18, for a total value of $663,748.00. Following the completion of the transaction, the director now owns 111,229 shares in the company, valued at $8,584,654.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Paul N. Saleh sold 80,922 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $84.01, for a total transaction of $6,798,257.22. Following the completion of the transaction, the chief financial officer now owns 217,211 shares of the company’s stock, valued at approximately $18,247,896.11. The disclosure for this sale can be found here. In the last 90 days, insiders sold 373,318 shares of company stock valued at $30,133,277. Insiders own 1.30% of the company’s stock.
DXC Technology Company. Company 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 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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