Insider Selling: DXC Technology Company. (DXC) CFO Sells 80,922 Shares of Stock
DXC Technology Company. (NYSE:DXC) CFO Paul N. Saleh sold 80,922 shares of the stock in a transaction dated 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 owns 217,211 shares in the company, valued at $18,247,896.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
DXC Technology Company. (DXC) traded down 2.58% during midday trading on Thursday, hitting $83.58. The stock had a trading volume of 1,772,647 shares. The company’s 50-day moving average price is $79.23 and its 200 day moving average price is $74.78. DXC Technology Company. has a 12-month low of $64.06 and a 12-month high of $86.08. The stock has a market cap of $23.72 billion, a P/E ratio of 263.66 and a beta of 1.11.
DXC Technology Company. (NYSE:DXC) last posted its earnings results on Tuesday, August 8th. The company reported $1.59 earnings per share 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 company had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.95 billion. On average, equities research analysts predict that DXC Technology Company. will post $6.80 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Wednesday, September 6th will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, September 1st. This represents a $0.72 annualized dividend and a yield of 0.86%. DXC Technology Company.’s dividend payout ratio (DPR) is currently -315.79%.
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Several equities analysts recently weighed in on DXC shares. Zacks Investment Research downgraded DXC Technology Company. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Barclays PLC assumed coverage on DXC Technology Company. in a research report on Thursday, May 25th. They set an “overweight” rating and a $90.00 target price on the stock. J P Morgan Chase & Co assumed coverage on DXC Technology Company. in a research note on Wednesday, April 19th. They set an “overweight” rating and a $90.00 price target for the company. Royal Bank Of Canada restated a “buy” rating and set a $87.00 price target on shares of DXC Technology Company. in a research note on Friday, May 5th. Finally, Goldman Sachs Group, Inc. (The) upgraded DXC Technology Company. from a “buy” rating to a “conviction-buy” rating and upped their price target for the stock from $85.00 to $90.00 in a research note on Tuesday, May 9th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $87.33.
A number of institutional investors have recently bought and sold shares of the stock. Creative Planning bought a new position in DXC Technology Company. during the second quarter valued at $850,000. Grassi Investment Management acquired a new position in DXC Technology Company. during the second quarter worth approximately $203,000. Spirit of America Management Corp NY acquired a new position in DXC Technology Company. during the second quarter worth approximately $271,000. National Pension Service acquired a new position in DXC Technology Company. during the second quarter worth approximately $10,005,000. Finally, NN Investment Partners Holdings N.V. acquired a new position in DXC Technology Company. during the second quarter worth approximately $2,063,000. Institutional investors own 53.95% 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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