DXC Technology Co (NYSE:DXC) Shares Purchased by Kirr Marbach & Co. LLC IN

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Kirr Marbach & Co. LLC IN increased its stake in shares of DXC Technology Co (NYSE:DXC) by 21.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,564 shares of the company’s stock after acquiring an additional 27,838 shares during the quarter. Kirr Marbach & Co. LLC IN’s holdings in DXC Technology were worth $4,707,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Coastal Investment Advisors Inc. raised its stake in DXC Technology by 348.4% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 704 shares of the company’s stock worth $25,000 after acquiring an additional 547 shares in the last quarter. Liberty Wealth Management LLC increased its stake in DXC Technology by 143.8% in the second quarter. Liberty Wealth Management LLC now owns 568 shares of the company’s stock valued at $31,000 after purchasing an additional 335 shares during the period. Covington Capital Management increased its stake in DXC Technology by 346.3% in the second quarter. Covington Capital Management now owns 732 shares of the company’s stock valued at $40,000 after purchasing an additional 568 shares during the period. CWM LLC increased its stake in DXC Technology by 66.6% in the second quarter. CWM LLC now owns 813 shares of the company’s stock valued at $45,000 after purchasing an additional 325 shares during the period. Finally, Litman Gregory Asset Management LLC acquired a new position in DXC Technology in the second quarter valued at $51,000. Hedge funds and other institutional investors own 86.67% of the company’s stock.

In other news, insider John M. Lawrie purchased 4,166 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were acquired at an average cost of $56.26 per share, for a total transaction of $234,379.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have bought 22,066 shares of company stock worth $1,153,043. Company insiders own 0.81% of the company’s stock.

Shares of DXC Technology stock traded up $0.81 on Tuesday, reaching $28.91. 87,807 shares of the stock were exchanged, compared to its average volume of 5,281,572. DXC Technology Co has a 1-year low of $26.02 and a 1-year high of $90.35. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.80. The business has a fifty day moving average price of $31.05 and a two-hundred day moving average price of $48.87. The firm has a market capitalization of $7.34 billion, a PE ratio of 3.47, a PEG ratio of 0.98 and a beta of 1.92.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.03. DXC Technology had a net margin of 5.70% and a return on equity of 19.57%. The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same period in the previous year, the business posted $1.93 earnings per share. The business’s revenue was down 7.4% compared to the same quarter last year. Research analysts expect that DXC Technology Co will post 7.3 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.21 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.91%. DXC Technology’s dividend payout ratio (DPR) is 10.07%.

A number of research firms have commented on DXC. BMO Capital Markets lowered shares of DXC Technology from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $60.00 to $48.00 in a research note on Friday, August 9th. Stifel Nicolaus dropped their price objective on shares of DXC Technology from $46.00 to $37.00 and set a “hold” rating on the stock in a research note on Wednesday, August 28th. Susquehanna Bancshares lowered shares of DXC Technology from a “positive” rating to a “neutral” rating in a research note on Thursday, September 12th. Bank of America dropped their price objective on shares of DXC Technology from $64.00 to $56.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Zacks Investment Research lowered shares of DXC Technology from a “hold” rating to a “sell” rating and set a $36.00 price objective on the stock. in a research note on Tuesday, August 13th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. DXC Technology has an average rating of “Hold” and an average target price of $56.64.

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).

Further Reading: Understanding Market Liquidity

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Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)

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