DXC Technology Sees Unusually Large Options Volume (DXC)

DXC Technology (NYSE:DXC) was the recipient of unusually large options trading on Wednesday. Stock traders purchased 10,590 put options on the company. This represents an increase of approximately 4,872% compared to the typical volume of 213 put options.

A number of equities analysts have issued reports on DXC shares. Morgan Stanley increased their target price on DXC Technology from $104.00 to $114.00 and gave the stock an “overweight” rating in a report on Monday, February 5th. Citigroup increased their target price on DXC Technology to $126.00 and gave the stock a “top pick” rating in a report on Thursday, April 12th. ValuEngine cut DXC Technology from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 3rd. JPMorgan Chase increased their target price on DXC Technology to $114.00 and gave the stock an “overweight” rating in a report on Thursday, April 5th. Finally, Zacks Investment Research cut DXC Technology from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $104.89.

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In other DXC Technology news, insider John M. Lawrie sold 9,900 shares of the stock in a transaction dated Wednesday, April 11th. The stock was sold at an average price of $102.35, for a total transaction of $1,013,265.00. Following the completion of the transaction, the insider now owns 638,610 shares in the company, valued at approximately $65,361,733.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.



Several hedge funds and other institutional investors have recently made changes to their positions in DXC. Stuart Chaussee & Associates Inc. bought a new position in shares of DXC Technology in the 4th quarter valued at about $100,000. Calton & Associates Inc. acquired a new stake in DXC Technology in the 4th quarter valued at about $112,000. Cerebellum GP LLC acquired a new stake in DXC Technology in the 4th quarter valued at about $130,000. Financial Gravity Companies Inc. acquired a new stake in DXC Technology in the 4th quarter valued at about $130,000. Finally, BB&T Investment Services Inc. acquired a new stake in DXC Technology in the 4th quarter valued at about $143,000. Institutional investors own 84.89% of the company’s stock.

Shares of NYSE DXC opened at $104.49 on Thursday. The stock has a market capitalization of $29,800.10, a PE ratio of 33.71, a P/E/G ratio of 1.10 and a beta of 0.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.99 and a quick ratio of 0.99. DXC Technology has a fifty-two week low of $73.51 and a fifty-two week high of $107.85.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, February 8th. The company reported $2.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.16. The company had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.19 billion. DXC Technology had a return on equity of 17.97% and a net margin of 5.18%. The company’s revenue was up 222.7% compared to the same quarter last year. sell-side analysts forecast that DXC Technology will post 7.86 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 17th. Stockholders of record on Wednesday, March 28th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Tuesday, March 27th. DXC Technology’s payout ratio is 23.23%.

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About DXC Technology

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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