Oakbrook Investments LLC lifted its position in shares of DXC Technology Co (NYSE:DXC) by 41.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 15,349 shares of the company’s stock after acquiring an additional 4,500 shares during the quarter. Oakbrook Investments LLC’s holdings in DXC Technology were worth $1,435,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Summit Trail Advisors LLC boosted its stake in DXC Technology by 10,385.3% in the 1st quarter. Summit Trail Advisors LLC now owns 103,595 shares of the company’s stock worth $104,000 after purchasing an additional 102,607 shares during the period. ELM Advisors LLC bought a new position in DXC Technology in the 3rd quarter worth about $105,000. Fort L.P. bought a new position in DXC Technology in the 2nd quarter worth about $120,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in DXC Technology by 17,477.8% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,582 shares of the company’s stock worth $128,000 after purchasing an additional 1,573 shares during the period. Finally, Security National Trust Co. bought a new position in DXC Technology in the 2nd quarter worth about $161,000. Institutional investors own 84.87% of the company’s stock.
Several research analysts have commented on DXC shares. Moffett Nathanson started coverage on DXC Technology in a research note on Thursday, October 4th. They issued a “buy” rating and a $95.00 target price for the company. Zacks Investment Research upgraded DXC Technology from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research note on Tuesday, August 21st. Royal Bank of Canada restated a “buy” rating and issued a $103.00 target price on shares of DXC Technology in a research note on Wednesday, August 8th. Cfra restated a “buy” rating and issued a $105.00 target price on shares of DXC Technology in a research note on Thursday, August 2nd. Finally, ValuEngine upgraded DXC Technology from a “sell” rating to a “hold” rating in a research note on Thursday, July 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. DXC Technology presently has an average rating of “Buy” and a consensus price target of $103.13.
Shares of DXC opened at $88.30 on Friday. The stock has a market cap of $24.83 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 1.50 and a beta of 0.96. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. DXC Technology Co has a 12-month low of $77.96 and a 12-month high of $107.85.
DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Tuesday, August 7th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.18. The firm had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.32 billion. DXC Technology had a return on equity of 18.67% and a net margin of 7.74%. On average, equities analysts forecast that DXC Technology Co will post 8.15 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, December 5th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.86%. DXC Technology’s dividend payout ratio (DPR) is presently 9.57%.
In other news, EVP Joanne Mason sold 1,726 shares of DXC Technology stock in a transaction dated Tuesday, July 24th. The stock was sold at an average price of $87.74, for a total transaction of $151,439.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William L. Deckelman, Jr. sold 8,084 shares of DXC Technology stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $90.00, for a total value of $727,560.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 210,253 shares of company stock valued at $19,141,381. Corporate insiders own 0.65% of the company’s stock.
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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