Investment House LLC bought a new position in DXC Technology Company. (NYSE:DXC) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 19,199 shares of the company’s stock, valued at approximately $1,473,000.
Several other large investors have also added to or reduced their stakes in the stock. Cribstone Capital Management LLC raised its position in DXC Technology Company. by 4.7% in the second quarter. Cribstone Capital Management LLC now owns 1,408 shares of the company’s stock worth $108,000 after buying an additional 63 shares in the last quarter. Fox Run Management L.L.C. raised its position in 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 period. Westside Investment Management Inc. bought a new stake in shares of DXC Technology Company. during the first quarter worth about $105,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of DXC Technology Company. during the second quarter worth about $143,000. Finally, Bartlett & Co. LLC bought a new stake in shares of DXC Technology Company. during the first quarter worth about $145,000. 53.95% of the stock is currently owned by institutional investors.
DXC Technology Company. (NYSE:DXC) traded down 0.29% during trading on Friday, reaching $83.34. 1,782,636 shares of the company’s stock were exchanged. The firm has a market cap of $23.65 billion, a P/E ratio of 262.90 and a beta of 1.11. DXC Technology Company. has a 52-week low of $45.55 and a 52-week high of $86.08. The stock’s 50 day moving average price is $79.51 and its 200 day moving average price is $75.00.
DXC Technology Company. (NYSE:DXC) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.34. DXC Technology Company. had a net margin of 0.49% and a return on equity of 14.82%. The firm had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.95 billion. Equities research analysts anticipate that DXC Technology Company. will post $6.80 EPS for the current fiscal 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 issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Friday, September 1st. DXC Technology Company.’s payout ratio is -315.79%.
DXC has been the subject of a number of research reports. Royal Bank Of Canada reissued a “buy” rating and set a $87.00 target price on shares of DXC Technology Company. in a research note on Friday, May 5th. Morgan Stanley raised shares of DXC Technology Company. from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $68.00 to $85.00 in a research note on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) raised shares of DXC Technology Company. from a “buy” rating to a “conviction-buy” rating and lifted their price objective for the company from $85.00 to $90.00 in a research note on Tuesday, May 9th. Zacks Investment Research lowered shares of DXC Technology Company. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $90.00 price objective on shares of DXC Technology Company. in a research note on Thursday, May 25th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $87.33.
In related news, Director Margaret C. Whitman sold 8,600 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 111,229 shares in the company, valued at $8,584,654.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Stephen Hilton sold 5,052 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 2,574 shares in the company, valued at $192,586.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 373,318 shares of company stock worth $30,133,277. 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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