AMG National Trust Bank bought a new stake in DXC Technology Company. (NYSE:DXC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,467 shares of the company’s stock, valued at approximately $419,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Hanson McClain Inc. acquired a new position in DXC Technology Company. in the second quarter valued at $105,000. Oppenheimer Asset Management Inc. bought a new stake in DXC Technology Company. in the second quarter valued at $109,000. Cribstone Capital Management LLC increased its stake in DXC Technology Company. by 4.7% in the second quarter. Cribstone Capital Management LLC now owns 1,408 shares of the company’s stock valued at $108,000 after purchasing an additional 63 shares in the last quarter. Westside Investment Management Inc. bought a new stake in DXC Technology Company. in the first quarter valued at $105,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in DXC Technology Company. in the second quarter valued at $128,000. Institutional investors and hedge funds own 85.04% of the company’s stock.
Several equities research analysts have weighed in on the stock. BMO Capital Markets lifted their price target on shares of DXC Technology Company. from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, September 15th. Bank of America Corporation began coverage on shares of DXC Technology Company. in a research note on Tuesday, September 12th. They issued a “buy” rating and a $101.00 price target for the company. KeyCorp reissued a “buy” rating and set a $92.00 target price on shares of DXC Technology Company. in a research report on Friday, September 8th. Jefferies Group LLC boosted their target price on shares of DXC Technology Company. from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 24th. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $79.00 target price on shares of DXC Technology Company. in a research report on Friday, August 11th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $89.57.
In other DXC Technology Company. news, EVP Michael G. Nefkens sold 50,132 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $80.04, for a total value of $4,012,565.28. Following the transaction, the executive vice president now owns 9,961 shares in the company, valued at approximately $797,278.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul N. Saleh sold 59,824 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $78.08, for a total value of $4,671,057.92. Following the completion of the transaction, the chief financial officer now owns 196,113 shares in the company, valued at approximately $15,312,503.04. The disclosure for this sale can be found here. Insiders sold a total of 359,666 shares of company stock worth $29,091,539 in the last 90 days. 1.30% of the stock is currently owned by insiders.
DXC Technology Company. (NYSE DXC) opened at 85.51 on Friday. DXC Technology Company. has a 1-year low of $49.80 and a 1-year high of $86.29. The stock has a market capitalization of $24.34 billion, a PE ratio of 269.75 and a beta of 1.03. The firm has a 50-day moving average of $83.45 and a 200-day moving average of $77.46.
DXC Technology Company. (NYSE:DXC) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.34. The company had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.95 billion. DXC Technology Company. had a return on equity of 17.51% and a net margin of 0.49%. Equities analysts expect that DXC Technology Company. will post $6.82 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Wednesday, September 6th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a yield of 0.84%. DXC Technology Company.’s payout ratio is currently -378.95%.
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DXC Technology Company. Company 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 two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.
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