Airain ltd bought a new stake in DXC Technology Company. (NYSE:DXC) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 105,206 shares of the company’s stock, valued at approximately $8,071,000. Airain ltd owned about 0.07% of DXC Technology Company. as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of DXC. Cribstone Capital Management LLC raised its stake 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 in the last quarter. Fox Run Management L.L.C. raised its stake 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 in the last quarter. Hanson McClain Inc. bought a new stake in shares of DXC Technology Company. during the second quarter valued at $105,000. Westside Investment Management Inc. bought a new stake in shares of DXC Technology Company. during the first quarter valued at $105,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of DXC Technology Company. during the second quarter valued at $128,000. 53.95% of the stock is currently owned by hedge funds and other institutional investors.
DXC Technology Company. (NYSE:DXC) opened at 84.88 on Friday. The stock has a 50 day moving average price of $80.59 and a 200 day moving average price of $75.68. DXC Technology Company. has a 1-year low of $45.55 and a 1-year high of $86.08. The company has a market cap of $24.16 billion, a PE ratio of 267.76 and a beta of 1.11.
DXC Technology Company. (NYSE:DXC) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.34. DXC Technology Company. had a return on equity of 17.51% and a net margin of 0.49%. The company had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.95 billion. Equities analysts forecast that DXC Technology Company. will post $6.80 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Wednesday, September 6th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Friday, September 1st. DXC Technology Company.’s payout ratio is -315.79%.
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Several brokerages have weighed in on DXC. KeyCorp raised DXC Technology Company. from a “sector weight” rating to an “overweight” rating and set a $93.00 target price on the stock in a research report on Friday, July 21st. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $87.00 target price on shares of DXC Technology Company. in a research report on Tuesday, June 6th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $86.00 target price on shares of DXC Technology Company. in a research report on Thursday, August 10th. TheStreet raised DXC Technology Company. from a “c” rating to a “b” rating in a research report on Tuesday, August 8th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $77.00 target price on shares of DXC Technology Company. in a research report on Thursday, August 10th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. DXC Technology Company. has a consensus rating of “Buy” and a consensus price target of $88.31.
In other news, Director Margaret C. Whitman sold 8,600 shares of the stock in a transaction on Monday, June 5th. The stock was 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 directly owns 111,229 shares in the company, valued at approximately $8,584,654.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul N. Saleh sold 80,922 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $84.01, for a total value 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 $18,247,896.11. The disclosure for this sale can be found here. Insiders sold a total of 373,318 shares of company stock valued at $30,133,277 over the last quarter. 1.30% of the stock is owned by corporate insiders.
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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