Trexquant Investment LP trimmed its stake in shares of DXC Technology Co (NYSE:DXC) by 5.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,558 shares of the company’s stock after selling 1,532 shares during the period. Trexquant Investment LP’s holdings in DXC Technology were worth $2,577,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Daiwa SB Investments Ltd. grew its stake in DXC Technology by 25.3% during the third quarter. Daiwa SB Investments Ltd. now owns 2,820 shares of the company’s stock valued at $264,000 after acquiring an additional 570 shares in the last quarter. Horan Capital Advisors LLC. grew its stake in DXC Technology by 2.8% during the second quarter. Horan Capital Advisors LLC. now owns 22,208 shares of the company’s stock valued at $1,790,000 after acquiring an additional 607 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in DXC Technology by 29.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,676 shares of the company’s stock valued at $216,000 after acquiring an additional 615 shares in the last quarter. D.A. Davidson & CO. grew its stake in DXC Technology by 27.8% during the second quarter. D.A. Davidson & CO. now owns 2,985 shares of the company’s stock valued at $241,000 after acquiring an additional 650 shares in the last quarter. Finally, BB&T Securities LLC grew its stake in DXC Technology by 6.1% during the second quarter. BB&T Securities LLC now owns 11,444 shares of the company’s stock valued at $922,000 after acquiring an additional 655 shares in the last quarter. 84.48% of the stock is owned by institutional investors.
In other news, CEO John M. Lawrie sold 2,500 shares of the firm’s stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $94.15, for a total value of $235,375.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul N. Saleh sold 4,322 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $90.02, for a total transaction of $389,066.44. The disclosure for this sale can be found here. Insiders sold a total of 173,049 shares of company stock valued at $15,796,759 in the last 90 days. Company insiders own 0.65% of the company’s stock.
Several research firms recently weighed in on DXC. Cowen raised shares of DXC Technology from a “market perform” rating to an “outperform” rating in a research note on Monday. Zacks Investment Research upgraded shares of DXC Technology from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Tuesday, August 21st. Royal Bank of Canada reiterated a “buy” rating and set a $103.00 price objective on shares of DXC Technology in a research report on Wednesday, August 8th. Morgan Stanley increased their price objective on shares of DXC Technology from $101.00 to $103.00 and gave the company an “overweight” rating in a research report on Wednesday, August 8th. Finally, SunTrust Banks lowered their price objective on shares of DXC Technology to $75.00 in a research report on Tuesday, November 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. DXC Technology currently has a consensus rating of “Buy” and a consensus target price of $95.71.
DXC Technology stock opened at $57.97 on Monday. The stock has a market capitalization of $16.24 billion, a PE ratio of 7.30, a PEG ratio of 1.24 and a beta of 1.32. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.04 and a quick ratio of 1.04. DXC Technology Co has a 12-month low of $57.59 and a 12-month high of $107.85.
DXC Technology (NYSE:DXC) last released its earnings results on Tuesday, November 6th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.06. The firm had revenue of $5.01 billion during the quarter, compared to analyst estimates of $5.30 billion. DXC Technology had a net margin of 8.15% and a return on equity of 19.07%. The business’s revenue was down 8.1% on a year-over-year basis. During the same quarter last year, the business earned $1.93 EPS. Research analysts forecast 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. Stockholders of record on Wednesday, December 5th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, December 4th. This represents a $0.76 annualized dividend and a dividend yield of 1.31%. DXC Technology’s dividend payout ratio (DPR) is presently 9.57%.
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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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