DXC Technology Company. (DXC) EVP Michael G. Nefkens Sells 35,340 Shares of Stock
DXC Technology Company. (NYSE:DXC) EVP Michael G. Nefkens sold 35,340 shares of the stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $92.00, for a total value of $3,251,280.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of DXC Technology Company. (DXC) traded down 0.18% on Friday, hitting $91.04. The company had a trading volume of 2,027,150 shares. The company has a market capitalization of $25.92 billion, a P/E ratio of 287.19 and a beta of 1.04. DXC Technology Company. has a 12-month low of $51.68 and a 12-month high of $93.40. The firm has a 50-day moving average price of $85.63 and a 200 day moving average price of $79.70.
DXC Technology Company. (NYSE:DXC) last released its quarterly earnings results on Tuesday, August 8th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.34. The business had revenue of $5.91 billion during the quarter, compared to the consensus estimate 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 $6.90 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 11th. Investors of record on Wednesday, September 6th were paid a $0.18 dividend. The ex-dividend date was Friday, September 1st. This represents a $0.72 annualized dividend and a yield of 0.79%. DXC Technology Company.’s dividend payout ratio (DPR) is presently -378.95%.
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DXC has been the subject of several research reports. Morgan Stanley raised DXC Technology Company. from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $68.00 to $85.00 in a research report on Tuesday, July 4th. Royal Bank Of Canada reissued a “buy” rating and issued a $87.00 price objective on shares of DXC Technology Company. in a research report on Friday, July 7th. KeyCorp raised DXC Technology Company. from a “sector weight” rating to an “overweight” rating and set a $93.00 price objective for the company in a research report on Friday, July 21st. Zacks Investment Research cut DXC Technology Company. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $94.00 price objective (up from $92.00) on shares of DXC Technology Company. in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. DXC Technology Company. presently has a consensus rating of “Buy” and a consensus price target of $93.67.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DXC. Advisory Services Network LLC bought a new stake in DXC Technology Company. in the 2nd quarter valued at $101,000. Hanson McClain Inc. bought a new stake in DXC Technology Company. in the 2nd quarter valued at $105,000. Pinebridge Investments L.P. bought a new stake in DXC Technology Company. in the 2nd quarter valued at $106,000. Cribstone Capital Management LLC boosted its stake in DXC Technology Company. by 4.7% in the 2nd 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 during the period. Finally, Oppenheimer Asset Management Inc. bought a new stake in DXC Technology Company. in the 2nd quarter valued at $109,000. Institutional investors and hedge funds own 85.04% of the company’s stock.
About DXC Technology Company.
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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