Clark Estates Inc. NY acquired a new stake in DXC Technology Co (NYSE:DXC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 41,200 shares of the company’s stock, valued at approximately $3,853,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Boston Partners increased its holdings in shares of DXC Technology by 0.5% in the 2nd quarter. Boston Partners now owns 12,125,367 shares of the company’s stock valued at $977,426,000 after acquiring an additional 59,176 shares during the last quarter. FMR LLC increased its holdings in shares of DXC Technology by 7.1% in the 2nd quarter. FMR LLC now owns 4,819,523 shares of the company’s stock valued at $388,502,000 after acquiring an additional 319,168 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of DXC Technology by 19.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,091,598 shares of the company’s stock valued at $382,647,000 after acquiring an additional 663,791 shares during the last quarter. Investec Asset Management LTD increased its holdings in shares of DXC Technology by 12.9% in the 2nd quarter. Investec Asset Management LTD now owns 3,147,311 shares of the company’s stock valued at $253,705,000 after acquiring an additional 358,785 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of DXC Technology by 18.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,888,464 shares of the company’s stock valued at $270,131,000 after acquiring an additional 451,346 shares during the last quarter. Institutional investors and hedge funds own 84.48% of the company’s stock.
In other DXC Technology news, insider John M. Lawrie sold 5,000 shares of the stock in a transaction that occurred on Friday, September 28th. The stock was sold at an average price of $93.90, for a total transaction of $469,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul N. Saleh sold 50,000 shares of the stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $92.03, for a total value of $4,601,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 117,500 shares of company stock worth $10,807,348 in the last 90 days. 0.65% of the stock is currently owned by company insiders.
NYSE:DXC opened at $62.31 on Friday. The company has a market cap of $17.47 billion, a P/E ratio of 7.44, a PEG ratio of 1.33 and a beta of 1.32. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46. DXC Technology Co has a 52-week low of $57.59 and a 52-week high of $107.85.
DXC Technology (NYSE:DXC) last released its quarterly earnings results on Tuesday, November 6th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.06. The firm had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $5.30 billion. DXC Technology had a return on equity of 19.07% and a net margin of 8.15%. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.93 EPS. On average, research analysts expect that DXC Technology Co will post 8.16 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, December 5th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $0.76 dividend on an annualized basis and a yield of 1.22%. DXC Technology’s dividend payout ratio is presently 9.57%.
A number of research analysts have recently commented on the company. BMO Capital Markets reiterated a “buy” rating on shares of DXC Technology in a report on Wednesday, October 24th. Royal Bank of Canada reiterated a “buy” rating and issued a $103.00 price objective on shares of DXC Technology in a report on Wednesday, August 8th. Cfra restated a “buy” rating and set a $105.00 price target on shares of DXC Technology in a research note on Thursday, August 2nd. Cantor Fitzgerald dropped their price target on DXC Technology from $97.00 to $87.00 and set a “neutral” rating on the stock in a research note on Thursday, August 9th. Finally, ValuEngine downgraded DXC Technology from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $95.71.
About DXC Technology
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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