Global Financial Private Capital LLC cut its holdings in shares of DXC Technology Co (NYSE:DXC) by 7.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,978 shares of the company’s stock after selling 3,118 shares during the period. Global Financial Private Capital LLC’s holdings in DXC Technology were worth $3,647,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Picton Mahoney Asset Management purchased a new stake in shares of DXC Technology during the third quarter valued at $7,444,000. Poplar Forest Capital LLC boosted its position in shares of DXC Technology by 31.1% during the third quarter. Poplar Forest Capital LLC now owns 54,796 shares of the company’s stock valued at $5,125,000 after buying an additional 13,000 shares during the last quarter. Comerica Securities Inc. purchased a new stake in shares of DXC Technology during the third quarter valued at $203,000. Gulf International Bank UK Ltd boosted its position in shares of DXC Technology by 3.3% during the third quarter. Gulf International Bank UK Ltd now owns 92,146 shares of the company’s stock valued at $8,617,000 after buying an additional 2,923 shares during the last quarter. Finally, Oldfield Partners LLP boosted its position in shares of DXC Technology by 8.6% during the third quarter. Oldfield Partners LLP now owns 23,907 shares of the company’s stock valued at $2,236,000 after buying an additional 1,900 shares during the last quarter. 85.40% of the stock is currently owned by institutional investors.
Several equities research analysts recently commented on DXC shares. Zacks Investment Research cut DXC Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Moffett Nathanson started coverage on DXC Technology in a research report on Thursday, October 4th. They set a “buy” rating and a $95.00 price objective on the stock. ValuEngine cut DXC Technology from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. Cantor Fitzgerald dropped their price objective on DXC Technology from $97.00 to $87.00 and set a “neutral” rating on the stock in a research report on Thursday, August 9th. Finally, Cfra reaffirmed a “buy” rating and set a $105.00 price objective on shares of DXC Technology in a research report on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. DXC Technology currently has a consensus rating of “Buy” and an average target price of $99.87.
Shares of NYSE:DXC opened at $62.00 on Friday. The stock has a market capitalization of $17.77 billion, a price-to-earnings ratio of 7.54, a PEG ratio of 1.07 and a beta of 1.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.95 and a current ratio of 1.04. DXC Technology Co has a 52-week low of $60.05 and a 52-week high of $107.85.
DXC Technology (NYSE:DXC) last announced its earnings results on Tuesday, November 6th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.06. The business had revenue of $5.01 billion for the quarter, compared to analysts’ expectations of $5.30 billion. DXC Technology had a return on equity of 19.07% and a net margin of 8.15%. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same period last year, the firm posted $1.93 earnings per share. As a group, equities analysts anticipate that DXC Technology Co will post 8.16 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, December 5th will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $0.76 annualized dividend and a yield of 1.23%. DXC Technology’s payout ratio is 9.57%.
In other DXC Technology news, EVP William L. Deckelman, Jr. sold 2,394 shares of the firm’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $90.02, for a total value of $215,507.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John M. Lawrie sold 55,549 shares of the firm’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $89.82, for a total value of $4,989,411.18. The disclosure for this sale can be found here. Insiders sold 181,158 shares of company stock worth $16,526,731 over the last three months. Insiders own 0.65% of the company’s stock.
DXC Technology 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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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