Investors sold shares of DXC Technology Company. (NYSE:DXC) on strength during trading on Monday. $10.07 million flowed into the stock on the tick-up and $41.35 million flowed out of the stock on the tick-down, for a money net flow of $31.28 million out of the stock. Of all companies tracked, DXC Technology Company. had the 0th highest net out-flow for the day. DXC Technology Company. traded up $0.31 for the day and closed at $80.25
DXC has been the subject of several recent research reports. TheStreet upgraded shares of DXC Technology Company. from a “c” rating to a “b” rating in a report on Tuesday, August 8th. Royal Bank Of Canada restated a “buy” rating and set a $87.00 target price on shares of DXC Technology Company. in a report on Friday, May 5th. Goldman Sachs Group, Inc. (The) upgraded shares of DXC Technology Company. from a “buy” rating to a “conviction-buy” rating and lifted their price target for the stock from $85.00 to $90.00 in a report on Tuesday, May 9th. Zacks Investment Research downgraded shares of DXC Technology Company. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 6th. Finally, Stifel Nicolaus started coverage on shares of DXC Technology Company. in a report on Tuesday, May 30th. They set a “hold” rating and a $86.00 price target for the company. Four 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 stock. The company currently has an average rating of “Buy” and an average price target of $87.33.
The stock has a market cap of $23.65 billion, a price-to-earnings 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. (NYSE:DXC) last released its earnings results on Tuesday, August 8th. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.34. The firm had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.95 billion. DXC Technology Company. had a return on equity of 14.82% and a net margin of 0.49%. Equities analysts anticipate that DXC Technology Company. will post $6.80 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.86%. DXC Technology Company.’s payout ratio is -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 stock was 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 owns 136,384 shares of the company’s stock, valued at approximately $11,257,135.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Paul N. Saleh sold 80,922 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $84.01, for a total value of $6,798,257.22. Following the transaction, the chief financial officer now directly owns 217,211 shares of the company’s stock, valued at approximately $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 in the last three months. 1.30% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Credit Agricole S A acquired a new position in DXC Technology Company. during the first quarter worth approximately $4,617,000. Suffolk Capital Management LLC acquired a new position in DXC Technology Company. during the first quarter worth approximately $14,643,000. Neuberger Berman Group LLC acquired a new position in DXC Technology Company. during the first quarter worth approximately $233,000. Delta Lloyd NV acquired a new position in DXC Technology Company. during the first quarter worth approximately $1,942,000. Finally, Private Advisor Group LLC acquired a new position in DXC Technology Company. during the first quarter worth approximately $295,000. 53.95% of the stock is owned by institutional investors.
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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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