Global Financial Private Capital LLC lessened its holdings in shares of DXC Technology Co (NYSE:DXC) by 7.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,978 shares of the company’s stock after selling 3,118 shares during the quarter. Global Financial Private Capital LLC’s holdings in DXC Technology were worth $3,647,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Picton Mahoney Asset Management bought a new stake in DXC Technology during the 3rd quarter valued at approximately $7,444,000. Poplar Forest Capital LLC raised its stake in DXC Technology by 31.1% during the 3rd quarter. Poplar Forest Capital LLC now owns 54,796 shares of the company’s stock valued at $5,125,000 after purchasing an additional 13,000 shares during the period. Comerica Securities Inc. bought a new stake in DXC Technology during the 3rd quarter valued at approximately $203,000. Gulf International Bank UK Ltd raised its stake in DXC Technology by 3.3% during the 3rd quarter. Gulf International Bank UK Ltd now owns 92,146 shares of the company’s stock valued at $8,617,000 after purchasing an additional 2,923 shares during the period. Finally, Oldfield Partners LLP raised its stake in DXC Technology by 8.6% during the 3rd quarter. Oldfield Partners LLP now owns 23,907 shares of the company’s stock valued at $2,236,000 after purchasing an additional 1,900 shares during the period. 85.40% of the stock is currently owned by institutional investors.
Several equities analysts have weighed in on the company. Berenberg Bank cut their price target on DXC Technology to $80.00 and set a “hold” rating for the company in a report on Friday. Zacks Investment Research upgraded DXC Technology from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Tuesday, August 21st. Cantor Fitzgerald restated a “hold” rating and set a $70.00 price target on shares of DXC Technology in a report on Wednesday. ValuEngine cut DXC Technology from a “sell” rating to a “strong sell” rating in a report on Friday, November 2nd. Finally, Wolfe Research assumed coverage on DXC Technology in a report on Tuesday, July 17th. They set an “outperform” rating for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $99.87.
DXC Technology (NYSE:DXC) last announced its earnings results on Tuesday, November 6th. The company reported $2.02 EPS for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.06. The firm had revenue of $5.01 billion during 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 company’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.93 EPS. As a group, research analysts forecast that DXC Technology Co will post 8.16 earnings per share for the current year.
The business 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. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Tuesday, December 4th. DXC Technology’s dividend payout ratio (DPR) is 9.57%.
In other news, insider John M. Lawrie sold 55,549 shares of DXC Technology stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $89.82, for a total value of $4,989,411.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul N. Saleh sold 50,000 shares of DXC Technology 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. In the last quarter, insiders sold 181,158 shares of company stock valued at $16,526,731. Company insiders own 0.65% of the company’s stock.
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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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