DXC Technology Company. (NYSE:DXC) Posts Earnings Results, Beats Expectations By $0.34 EPS

DXC Technology Company. (NYSE:DXC) posted its earnings results on Tuesday, August 8th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.25 by $0.34, Bloomberg Earnings reports. DXC Technology Company. had a return on equity of 14.82% and a net margin of 0.49%. The company had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.95 billion.

Shares of DXC Technology Company. (NYSE DXC) opened at 83.34 on Friday. The company has a market capitalization of $23.65 billion, a PE ratio of 262.90 and a beta of 1.11. The company has a 50 day moving average price of $79.51 and a 200 day moving average price of $75.00. DXC Technology Company. has a 52 week low of $45.55 and a 52 week high of $86.08.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Wednesday, September 6th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Friday, September 1st. DXC Technology Company.’s dividend payout ratio (DPR) is currently -315.79%.

In other news, CFO Paul N. Saleh sold 40,460 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $82.54, for a total transaction of $3,339,568.40. Following the completion of the transaction, the chief financial officer now directly owns 136,384 shares in the company, valued at approximately $11,257,135.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Paul N. Saleh sold 80,922 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $84.01, for a total transaction of $6,798,257.22. Following 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 have sold a total of 373,318 shares of company stock valued at $30,133,277 over the last 90 days. Company insiders own 1.30% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC purchased a new position in DXC Technology Company. during the second quarter worth approximately $101,000. Cribstone Capital Management LLC purchased a new position in DXC Technology Company. during the first quarter worth approximately $102,000. Hanson McClain Inc. purchased a new position in DXC Technology Company. during the second quarter worth approximately $105,000. Pinebridge Investments L.P. purchased a new position in DXC Technology Company. during the second quarter worth approximately $106,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in DXC Technology Company. during the second quarter worth approximately $109,000. Hedge funds and other institutional investors own 53.95% of the company’s stock.

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Several equities analysts have recently commented on the company. 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. 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. Goldman Sachs Group, Inc. (The) raised DXC Technology Company. from a “buy” rating to a “conviction-buy” rating and upped their target price for the company from $85.00 to $90.00 in a research report on Tuesday, May 9th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $94.00 target price (up previously from $92.00) on shares of DXC Technology Company. in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $87.33.

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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