DXC Technology Co (NYSE:DXC) shares reached a new 52-week low on Wednesday . The stock traded as low as $60.55 and last traded at $60.56, with a volume of 6530008 shares. The stock had previously closed at $72.21.
A number of analysts recently issued reports on DXC shares. Cantor Fitzgerald restated a “hold” rating and set a $70.00 price objective on shares of DXC Technology in a report on Wednesday. Wolfe Research started coverage on shares of DXC Technology in a report on Tuesday, July 17th. They set an “outperform” rating for the company. BMO Capital Markets decreased their price objective on shares of DXC Technology from $113.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, August 8th. Royal Bank of Canada restated a “buy” rating and set a $103.00 price objective on shares of DXC Technology in a report on Wednesday, August 8th. Finally, Cfra restated a “buy” rating and set a $105.00 price objective on shares of DXC Technology in a report on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $101.13.
The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $19.86 billion, a P/E ratio of 7.96, a price-to-earnings-growth ratio of 1.20 and a beta of 1.32.
DXC Technology (NYSE:DXC) last issued its earnings results on Tuesday, November 6th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.96 by $0.06. DXC Technology had a net margin of 7.74% and a return on equity of 18.67%. The company had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $5.30 billion. During the same period in the previous year, the firm earned $1.93 earnings per share. The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, analysts predict that DXC Technology Co will post 8.12 EPS for the current fiscal year.
The firm 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 dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Tuesday, December 4th. DXC Technology’s dividend payout ratio (DPR) is presently 9.57%.
In other news, CEO John M. Lawrie sold 2,500 shares of the business’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $94.15, for a total transaction of $235,375.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Paul N. Saleh sold 5,715 shares of the business’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $90.02, for a total transaction of $514,464.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 181,158 shares of company stock worth $16,526,731. Company insiders own 0.65% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Boston Partners boosted its position in DXC Technology by 0.5% during the second quarter. Boston Partners now owns 12,125,367 shares of the company’s stock valued at $977,426,000 after purchasing an additional 59,176 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of DXC Technology by 5.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,123,113 shares of the company’s stock valued at $977,245,000 after acquiring an additional 678,472 shares during the last quarter. FMR LLC increased its holdings in shares of DXC Technology by 7.1% in the 2nd quarter. FMR LLC now owns 4,819,523 shares of the company’s stock valued at $388,502,000 after acquiring an additional 319,168 shares during the last quarter. Investec Asset Management LTD increased its holdings in shares of DXC Technology by 12.9% in the 2nd quarter. Investec Asset Management LTD now owns 3,147,311 shares of the company’s stock valued at $253,705,000 after acquiring an additional 358,785 shares during the last quarter. Finally, OppenheimerFunds Inc. increased its holdings in shares of DXC Technology by 203.6% in the 2nd quarter. OppenheimerFunds Inc. now owns 2,809,907 shares of the company’s stock valued at $226,508,000 after acquiring an additional 1,884,465 shares during the last quarter. Hedge funds and other institutional investors own 85.40% of the company’s stock.
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DXC Technology Company Profile (NYSE:DXC)
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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