DXC Technology Co (DXC) Position Boosted by U S Global Investors Inc
U S Global Investors Inc lifted its position in shares of DXC Technology Co (NYSE:DXC) by 28.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 5,504 shares of the company’s stock after buying an additional 1,204 shares during the period. U S Global Investors Inc’s holdings in DXC Technology were worth $515,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in DXC. OppenheimerFunds Inc. lifted its stake in shares of DXC Technology by 203.6% during the second quarter. OppenheimerFunds Inc. now owns 2,809,907 shares of the company’s stock valued at $226,508,000 after buying an additional 1,884,465 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of DXC Technology by 1,424.2% during the second quarter. Point72 Asset Management L.P. now owns 1,687,338 shares of the company’s stock valued at $136,016,000 after buying an additional 1,576,638 shares during the period. Natixis lifted its stake in shares of DXC Technology by 548.4% during the second quarter. Natixis now owns 1,779,865 shares of the company’s stock valued at $143,475,000 after buying an additional 1,505,379 shares during the period. Prudential Financial Inc. increased its position in DXC Technology by 469.8% during the third quarter. Prudential Financial Inc. now owns 1,814,726 shares of the company’s stock worth $169,713,000 after purchasing an additional 1,496,224 shares during the last quarter. Finally, First Trust Advisors LP acquired a new position in DXC Technology during the second quarter worth approximately $84,760,000. 85.45% of the stock is currently owned by institutional investors and hedge funds.
In other news, CFO Paul N. Saleh sold 50,000 shares of the stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $92.03, for a total value of $4,601,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John M. Lawrie sold 5,000 shares of the stock in a transaction on Friday, September 28th. The stock was sold at an average price of $93.90, for a total transaction of $469,500.00. The disclosure for this sale can be found here. Insiders sold 117,500 shares of company stock valued at $10,807,348 in the last three months. Company insiders own 0.65% of the company’s stock.
DXC Technology stock opened at $62.03 on Wednesday. DXC Technology Co has a 52-week low of $57.59 and a 52-week high of $107.85. The firm has a market capitalization of $17.66 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 1.36 and a beta of 1.27. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.46.
DXC Technology (NYSE:DXC) last released its quarterly earnings data on Tuesday, November 6th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.06. DXC Technology had a net margin of 8.15% and a return on equity of 19.07%. The company had revenue of $5.01 billion during the quarter, compared to analyst estimates of $5.30 billion. During the same quarter in the prior year, the business earned $1.93 earnings per share. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. Research analysts anticipate that DXC Technology Co will post 8.16 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, December 5th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Tuesday, December 4th. DXC Technology’s payout ratio is currently 9.57%.
DXC Technology 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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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