Candriam Luxembourg S.C.A. raised its position in shares of DXC Technology (NYSE:DXC) by 30.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 138,639 shares of the company’s stock after purchasing an additional 32,758 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in DXC Technology were worth $13,938,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of DXC. Fulton Bank N.A. boosted its stake in shares of DXC Technology by 6.6% during the 1st quarter. Fulton Bank N.A. now owns 8,148 shares of the company’s stock worth $819,000 after acquiring an additional 502 shares in the last quarter. Aperio Group LLC raised its holdings in DXC Technology by 0.3% during the first quarter. Aperio Group LLC now owns 161,589 shares of the company’s stock valued at $16,245,000 after buying an additional 508 shares in the last quarter. First Mercantile Trust Co. raised its holdings in DXC Technology by 17.2% during the fourth quarter. First Mercantile Trust Co. now owns 4,472 shares of the company’s stock valued at $424,000 after buying an additional 656 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of DXC Technology by 2.3% in the fourth quarter. CIBC Asset Management Inc now owns 29,706 shares of the company’s stock valued at $2,819,000 after purchasing an additional 670 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of DXC Technology by 8.4% in the first quarter. Daiwa Securities Group Inc. now owns 9,473 shares of the company’s stock valued at $952,000 after purchasing an additional 737 shares during the last quarter. 83.90% of the stock is owned by hedge funds and other institutional investors.
In other news, insider John M. Lawrie sold 5,000 shares of the business’s stock in a transaction on Friday, April 27th. The shares were sold at an average price of $103.04, for a total value of $515,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William L. Deckelman, Jr. sold 2,886 shares of the business’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $100.94, for a total transaction of $291,312.84. Following the completion of the transaction, the executive vice president now directly owns 13,082 shares of the company’s stock, valued at approximately $1,320,497.08. The disclosure for this sale can be found here. Insiders have sold a total of 22,886 shares of company stock valued at $2,343,380 in the last ninety days. Company insiders own 1.30% of the company’s stock.
A number of research firms recently weighed in on DXC. ValuEngine downgraded DXC Technology from a “buy” rating to a “hold” rating in a research report on Saturday, May 26th. BMO Capital Markets cut their target price on shares of DXC Technology from $117.00 to $113.00 and set an “outperform” rating for the company in a research note on Friday, May 25th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $97.00 target price on shares of DXC Technology in a research note on Friday, May 25th. SunTrust Banks cut their target price on shares of DXC Technology from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, May 30th. Finally, Zacks Investment Research cut shares of DXC Technology from a “hold” rating to a “sell” rating in a research note on Thursday, May 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $105.59.
DXC Technology traded down $0.21, hitting $84.48, during trading on Wednesday, Marketbeat reports. The company had a trading volume of 2,794,671 shares, compared to its average volume of 1,918,120. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.98 and a quick ratio of 0.98. DXC Technology has a 12 month low of $73.51 and a 12 month high of $107.85. The stock has a market capitalization of $24.18 billion, a PE ratio of 10.64, a price-to-earnings-growth ratio of 0.99 and a beta of 0.92.
DXC Technology (NYSE:DXC) last released its earnings results on Thursday, May 24th. The company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.06. DXC Technology had a net margin of 7.13% and a return on equity of 17.74%. The firm had revenue of $6.29 billion during the quarter, compared to analyst estimates of $6.12 billion. The business’s quarterly revenue was up 233.2% compared to the same quarter last year. equities analysts expect that DXC Technology will post 8.18 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 17th. Shareholders of record on Wednesday, June 6th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Tuesday, June 5th. This is a positive change from DXC Technology’s previous quarterly dividend of $0.18. DXC Technology’s payout ratio is currently 9.57%.
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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