Atlantic Trust Group LLC trimmed its position in DXC Technology (NYSE:DXC) by 9.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,568 shares of the company’s stock after selling 1,267 shares during the period. Atlantic Trust Group LLC’s holdings in DXC Technology were worth $1,164,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Financial Gravity Companies Inc. acquired a new position in shares of DXC Technology during the 4th quarter worth approximately $130,000. Signaturefd LLC acquired a new position in shares of DXC Technology during the 1st quarter worth approximately $137,000. BB&T Investment Services Inc. acquired a new position in shares of DXC Technology during the 4th quarter worth approximately $143,000. Cypress Capital Management LLC WY boosted its holdings in shares of DXC Technology by 1,570.0% during the 1st quarter. Cypress Capital Management LLC WY now owns 1,670 shares of the company’s stock worth $168,000 after purchasing an additional 1,570 shares during the last quarter. Finally, Brown Advisory Inc. acquired a new position in shares of DXC Technology during the 4th quarter worth approximately $211,000. Institutional investors own 83.65% of the company’s stock.
Several research analysts have recently weighed in on DXC shares. Zacks Investment Research cut DXC Technology from a “buy” rating to a “hold” rating in a report on Thursday, May 24th. JPMorgan Chase & Co. lowered their target price on DXC Technology from $114.00 to $98.00 and set an “overweight” rating on the stock in a report on Tuesday, May 29th. Citigroup boosted their target price on DXC Technology to $126.00 and gave the stock a “top pick” rating in a report on Thursday, April 12th. ValuEngine upgraded DXC Technology from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 10th. Finally, BMO Capital Markets lowered their target price on DXC Technology from $117.00 to $113.00 and set an “outperform” rating on the stock in a report on Friday, May 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. DXC Technology has a consensus rating of “Buy” and a consensus target price of $105.59.
DXC Technology opened at $80.61 on Friday, according to Marketbeat. DXC Technology has a one year low of $75.64 and a one year high of $107.85. The company has a market capitalization of $22.39 billion, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 0.93 and a beta of 0.92. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.98 and a current ratio of 0.98.
DXC Technology (NYSE:DXC) last released its quarterly earnings data on Thursday, May 24th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.06. DXC Technology had a return on equity of 17.74% and a net margin of 7.13%. The firm had revenue of $6.29 billion for the quarter, compared to analysts’ expectations of $6.12 billion. DXC Technology’s quarterly revenue was up 233.2% compared to the same quarter last year. analysts anticipate that DXC Technology will post 8.07 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 17th. Investors of record on Wednesday, June 6th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, June 5th. This is a boost from DXC Technology’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 0.94%. DXC Technology’s dividend payout ratio is currently 9.57%.
In other DXC Technology news, insider John M. Lawrie sold 9,900 shares of the business’s stock in a transaction that occurred on Wednesday, April 11th. The stock was sold at an average price of $102.35, for a total value of $1,013,265.00. Following the sale, the insider now owns 638,610 shares of the company’s stock, valued at $65,361,733.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John M. Lawrie sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 27th. The shares were sold at an average price of $103.04, for a total value of $515,200.00. The disclosure for this sale can be found here. Insiders sold 22,786 shares of company stock worth $2,333,178 over the last quarter. 1.30% of the stock is currently owned by insiders.
DXC Technology 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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