Hancock Whitney Corp acquired a new position in DXC Technology Co (NYSE:DXC) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 22,374 shares of the company’s stock, valued at approximately $1,439,000.
A number of other institutional investors and hedge funds have also modified their holdings of DXC. Cribstone Capital Management LLC lifted its position in shares of DXC Technology by 187.1% during the first quarter. Cribstone Capital Management LLC now owns 491 shares of the company’s stock worth $32,000 after purchasing an additional 320 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of DXC Technology in the 1st quarter valued at approximately $37,000. Cornerstone Advisors Inc. grew its stake in DXC Technology by 100.0% during the 1st quarter. Cornerstone Advisors Inc. now owns 578 shares of the company’s stock worth $37,000 after buying an additional 289 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in DXC Technology by 148.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 585 shares of the company’s stock worth $31,000 after buying an additional 350 shares during the last quarter. Finally, Bruderman Asset Management LLC boosted its position in DXC Technology by 1,365.1% during the 4th quarter. Bruderman Asset Management LLC now owns 630 shares of the company’s stock worth $34,000 after acquiring an additional 587 shares during the period. 85.36% of the stock is currently owned by institutional investors.
In related news, EVP Joanne Mason sold 1,768 shares of DXC Technology stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $52.29, for a total value of $92,448.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.65% of the company’s stock.
Shares of NYSE:DXC opened at $51.44 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 1.00. The company has a market cap of $13.46 billion, a PE ratio of 6.17, a PEG ratio of 1.57 and a beta of 1.70. DXC Technology Co has a 12-month low of $46.46 and a 12-month high of $96.75.
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, beating the consensus estimate of $2.07 by $0.12. DXC Technology had a return on equity of 20.08% and a net margin of 6.06%. The business had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same period in the previous year, the company posted $2.28 earnings per share. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, sell-side analysts predict that DXC Technology Co will post 8.18 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Wednesday, June 5th will be paid a $0.21 dividend. This is a positive change from DXC Technology’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, June 4th. This represents a $0.84 annualized dividend and a yield of 1.63%. DXC Technology’s dividend payout ratio (DPR) is 10.07%.
Several brokerages have weighed in on DXC. Goldman Sachs Group lowered DXC Technology from a “conviction-buy” rating to a “buy” rating in a research report on Monday, April 22nd. Wells Fargo & Co reduced their target price on DXC Technology from $72.00 to $55.00 and set a “market perform” rating on the stock in a report on Friday, May 24th. Bank of America lowered their target price on DXC Technology from $75.00 to $64.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. KeyCorp reduced their price objective on DXC Technology from $97.00 to $88.00 and set an “overweight” rating for the company in a report on Monday, May 20th. Finally, TheStreet cut DXC Technology from a “b-” rating to a “c+” rating in a report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $80.92.
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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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