DXC Technology (NYSE:DXC) insider John M. Lawrie sold 5,000 shares of the stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $102.68, for a total transaction of $513,400.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of DXC Technology opened at $104.60 on Friday, according to MarketBeat Ratings. DXC Technology has a 12 month low of $73.51 and a 12 month high of $107.85. The firm has a market cap of $29.55 billion, a P/E ratio of 33.74, a price-to-earnings-growth ratio of 1.09 and a beta of 0.94. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.48.
DXC Technology (NYSE:DXC) last announced its earnings results on Thursday, February 8th. The company reported $2.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.16. DXC Technology had a net margin of 5.18% and a return on equity of 17.97%. The business had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.19 billion. The business’s revenue was up 222.7% compared to the same quarter last year. equities research analysts predict that DXC Technology will post 7.86 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 17th. Investors of record on Wednesday, March 28th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.69%. The ex-dividend date was Tuesday, March 27th. DXC Technology’s payout ratio is 23.23%.
Several equities research analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of DXC Technology from $104.00 to $114.00 and gave the stock an “overweight” rating in a research report on Monday, February 5th. Zacks Investment Research downgraded shares of DXC Technology from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Berenberg Bank assumed coverage on shares of DXC Technology in a research report on Wednesday, April 18th. They set a “hold” rating and a $100.00 price objective for the company. ValuEngine downgraded shares of DXC Technology from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 3rd. Finally, JPMorgan Chase increased their price objective on shares of DXC Technology to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, April 5th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $105.72.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Burke & Herbert Bank & Trust Co. acquired a new position in DXC Technology during the fourth quarter worth $259,000. Eqis Capital Management Inc. acquired a new position in DXC Technology during the fourth quarter worth $1,246,000. Commerzbank Aktiengesellschaft FI boosted its holdings in DXC Technology by 10.2% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 57,334 shares of the company’s stock worth $5,441,000 after purchasing an additional 5,302 shares during the last quarter. Banco de Sabadell S.A acquired a new position in DXC Technology during the fourth quarter worth $1,384,000. Finally, Lombard Odier Asset Management Switzerland SA boosted its holdings in DXC Technology by 50.9% during the fourth quarter. Lombard Odier Asset Management Switzerland SA now owns 20,128 shares of the company’s stock worth $1,910,000 after purchasing an additional 6,785 shares during the last quarter. Institutional investors and hedge funds own 84.36% of the company’s stock.
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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