First Quadrant L P CA purchased a new position in shares of DXC Technology Company. (NYSE:DXC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 45,609 shares of the company’s stock, valued at approximately $3,499,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cribstone Capital Management LLC bought a new stake in DXC Technology Company. during the first quarter worth about $102,000. Westside Investment Management Inc. bought a new stake in DXC Technology Company. during the first quarter worth about $105,000. Bartlett & Co. LLC bought a new stake in DXC Technology Company. during the first quarter worth about $145,000. Trust Asset Management LLC bought a new stake in DXC Technology Company. during the second quarter worth about $160,000. Finally, Grassi Investment Management bought a new stake in DXC Technology Company. during the second quarter worth about $203,000. 53.95% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DXC Technology Company. (DXC) traded down 0.29% during midday trading on Friday, reaching $83.34. The company had a trading volume of 1,782,636 shares. The firm has a market capitalization of $23.65 billion, a price-to-earnings 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 has a 50-day moving average of $79.37 and a 200 day moving average of $74.84.
DXC Technology Company. (NYSE:DXC) last announced its earnings results on Tuesday, August 8th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.34. DXC Technology Company. had a return on equity of 14.82% and a net margin of 0.49%. The business had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.95 billion. On average, analysts anticipate that DXC Technology Company. will post $6.80 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Wednesday, September 6th will be given a dividend of $0.18 per share. 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 presently -315.79%.
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A number of analysts recently issued reports on the company. TheStreet upgraded DXC Technology Company. from a “c” rating to a “b” rating in a research note on Tuesday, August 8th. Stifel Nicolaus reiterated a “hold” rating and set a $86.00 price objective on shares of DXC Technology Company. in a research note on Thursday, August 10th. Zacks Investment Research upgraded DXC Technology Company. from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Cowen and Company restated a “hold” rating and issued a $77.00 target price on shares of DXC Technology Company. in a research note on Thursday, August 10th. Finally, Cantor Fitzgerald restated a “hold” rating and issued a $79.00 target price on shares of DXC Technology Company. in a research note on Friday, August 11th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $87.33.
In related news, Director Margaret C. Whitman sold 8,600 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 111,229 shares in the company, valued at $8,584,654.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen Hilton sold 5,052 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $74.82, for a total value of $377,990.64. Following the completion of the sale, the executive vice president now owns 2,574 shares of the company’s stock, valued at approximately $192,586.68. The disclosure for this sale can be found here. Insiders have sold 373,318 shares of company stock valued at $30,133,277 in the last 90 days. Company 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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