Traders Buy Large Volume of DXC Technology Put Options (NYSE:DXC)

DXC Technology Co (NYSE:DXC) saw some unusual options trading on Monday. Stock traders acquired 6,808 put options on the stock. This represents an increase of 831% compared to the typical daily volume of 731 put options.

Several hedge funds have recently bought and sold shares of the company. Liberty Wealth Management LLC raised its stake in DXC Technology by 143.8% during the 2nd quarter. Liberty Wealth Management LLC now owns 568 shares of the company’s stock worth $31,000 after buying an additional 335 shares during the period. Coastal Investment Advisors Inc. raised its stake in DXC Technology by 348.4% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 704 shares of the company’s stock worth $25,000 after buying an additional 547 shares during the period. Covington Capital Management raised its stake in DXC Technology by 346.3% during the 2nd quarter. Covington Capital Management now owns 732 shares of the company’s stock worth $40,000 after buying an additional 568 shares during the period. CWM LLC raised its stake in DXC Technology by 66.6% during the 2nd quarter. CWM LLC now owns 813 shares of the company’s stock worth $45,000 after buying an additional 325 shares during the period. Finally, Litman Gregory Asset Management LLC acquired a new stake in DXC Technology during the 2nd quarter worth $51,000. 84.25% of the stock is currently owned by institutional investors.

Several research firms have recently weighed in on DXC. Cantor Fitzgerald reiterated a “neutral” rating and issued a $28.00 price objective (down from $42.00) on shares of DXC Technology in a research note on Tuesday. Moffett Nathanson lowered their price objective on DXC Technology from $43.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 8th. Cfra restated a “hold” rating on shares of DXC Technology in a research report on Thursday, September 12th. Susquehanna Bancshares lowered DXC Technology from a “positive” rating to a “neutral” rating in a research report on Thursday, September 12th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $35.00 price objective on shares of DXC Technology in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $50.08.

DXC traded up $3.97 during mid-day trading on Tuesday, reaching $33.37. The stock had a trading volume of 565,498 shares, compared to its average volume of 3,721,633. The stock has a market capitalization of $7.88 billion, a P/E ratio of 4.04, a P/E/G ratio of 1.05 and a beta of 1.92. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.88 and a current ratio of 0.88. The firm’s fifty day simple moving average is $28.45 and its two-hundred day simple moving average is $43.92. DXC Technology has a 52 week low of $26.02 and a 52 week high of $69.45.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Monday, November 11th. The company reported $1.38 EPS for the quarter, missing the Zacks’ consensus estimate of $1.44 by ($0.06). The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.92 billion. DXC Technology had a net margin of 5.70% and a return on equity of 19.57%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.02 earnings per share. As a group, analysts expect that DXC Technology will post 7.3 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Wednesday, December 4th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Tuesday, December 3rd. DXC Technology’s dividend payout ratio (DPR) is currently 10.07%.

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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).

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