Stephens Inc. AR bought a new position in DXC Technology Co (NYSE:DXC) during the first quarter, HoldingsChannel reports. The firm bought 4,998 shares of the company’s stock, valued at approximately $321,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Benjamin F. Edwards & Company Inc. raised its holdings in shares of DXC Technology by 148.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 585 shares of the company’s stock worth $31,000 after acquiring an additional 350 shares during the last quarter. Cribstone Capital Management LLC increased its stake in DXC Technology by 187.1% in the 1st quarter. Cribstone Capital Management LLC now owns 491 shares of the company’s stock valued at $32,000 after buying an additional 320 shares during the last quarter. Bruderman Asset Management LLC increased its stake in DXC Technology by 1,365.1% in the 4th quarter. Bruderman Asset Management LLC now owns 630 shares of the company’s stock valued at $34,000 after buying an additional 587 shares during the last quarter. Rational Advisors LLC increased its stake in DXC Technology by 203.5% in the 4th quarter. Rational Advisors LLC now owns 695 shares of the company’s stock valued at $37,000 after buying an additional 466 shares during the last quarter. Finally, Truvestments Capital LLC purchased a new stake in DXC Technology in the 1st quarter valued at about $37,000. Institutional investors own 83.74% of the company’s stock.
Shares of DXC stock opened at $53.08 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. DXC Technology Co has a 12-month low of $49.19 and a 12-month high of $100.87. The company has a market cap of $14.24 billion, a PE ratio of 6.69, a P/E/G ratio of 0.91 and a beta of 1.51.
DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Thursday, May 23rd. The company reported $2.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.07 by $0.12. DXC Technology had a net margin of 7.09% and a return on equity of 19.78%. The company had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.30 billion. During the same quarter last year, the business posted $2.28 EPS. DXC Technology’s quarterly revenue was down 5.4% compared to the same quarter last year. Equities analysts forecast that DXC Technology Co will post 8.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Wednesday, June 5th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $0.84 annualized dividend and a dividend yield of 1.58%. This is a positive change from DXC Technology’s previous quarterly dividend of $0.19. DXC Technology’s dividend payout ratio (DPR) is presently 9.57%.
Several research firms have commented on DXC. Wells Fargo & Co decreased their price objective on shares of DXC Technology from $72.00 to $55.00 and set a “market perform” rating for the company in a research note on Friday. KeyCorp decreased their price objective on shares of DXC Technology from $97.00 to $88.00 and set an “overweight” rating for the company in a research note on Monday, May 20th. SunTrust Banks increased their price objective on shares of DXC Technology to $72.00 and gave the company a “hold” rating in a research note on Monday, February 11th. BMO Capital Markets decreased their price objective on shares of DXC Technology from $88.00 to $70.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, TheStreet lowered shares of DXC Technology from a “b-” rating to a “c+” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $82.33.
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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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