DXC Technology (DXC) Insider John M. Lawrie Sells 100 Shares

DXC Technology (NYSE:DXC) insider John M. Lawrie sold 100 shares of the business’s stock in a transaction that occurred on Wednesday, March 28th. The stock was sold at an average price of $102.02, for a total value of $10,202.00. Following the sale, the insider now directly owns 646,010 shares in the company, valued at approximately $65,905,940.20. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of DXC Technology stock traded down $0.07 during trading on Friday, hitting $100.53. 4,172,871 shares of the company were exchanged, compared to its average volume of 1,902,493. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.99 and a quick ratio of 0.99. DXC Technology has a fifty-two week low of $67.76 and a fifty-two week high of $107.85. The company has a market capitalization of $28,720.20, a P/E ratio of 32.43, a P/E/G ratio of 1.22 and a beta of 0.90.

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DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Thursday, February 8th. The company reported $2.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.16. The firm had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.19 billion. DXC Technology had a return on equity of 17.97% and a net margin of 5.18%. The firm’s quarterly revenue was up 222.7% compared to the same quarter last year. research analysts expect that DXC Technology will post 7.86 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Wednesday, March 28th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, March 27th. This represents a $0.72 annualized dividend and a yield of 0.72%. DXC Technology’s dividend payout ratio (DPR) is presently 23.23%.

DXC has been the topic of several research analyst reports. Zacks Investment Research lowered DXC Technology from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Morgan Stanley boosted their price target on DXC Technology from $104.00 to $114.00 and gave the stock an “overweight” rating in a research note on Monday, February 5th. KeyCorp boosted their price target on DXC Technology from $107.00 to $116.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 9th. SunTrust Banks raised DXC Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Finally, Deutsche Bank boosted their price target on DXC Technology from $90.00 to $100.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $103.33.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its holdings in DXC Technology by 1.7% in the 4th quarter. BlackRock Inc. now owns 18,334,186 shares of the company’s stock valued at $1,739,915,000 after acquiring an additional 300,394 shares during the last quarter. TIAA CREF Investment Management LLC raised its holdings in DXC Technology by 3.1% in the 4th quarter. TIAA CREF Investment Management LLC now owns 5,204,503 shares of the company’s stock valued at $493,907,000 after acquiring an additional 155,125 shares during the last quarter. Janus Henderson Group PLC raised its holdings in DXC Technology by 27.4% in the 3rd quarter. Janus Henderson Group PLC now owns 3,252,957 shares of the company’s stock valued at $279,377,000 after acquiring an additional 699,026 shares during the last quarter. American Century Companies Inc. raised its holdings in DXC Technology by 6.9% in the 4th quarter. American Century Companies Inc. now owns 3,075,375 shares of the company’s stock valued at $291,853,000 after acquiring an additional 198,486 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in DXC Technology by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 3,026,086 shares of the company’s stock valued at $286,579,000 after acquiring an additional 126,575 shares during the last quarter. Institutional investors own 84.87% of the company’s stock.

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DXC Technology 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.

Insider Buying and Selling by Quarter for DXC Technology (NYSE:DXC)

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