Cornerstone Capital Management Holdings LLC. bought a new stake in shares of DXC Technology Company. (NYSE:DXC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 64,525 shares of the company’s stock, valued at approximately $4,949,000.
Other large investors have also recently added to or reduced their stakes in the company. Hanson McClain Inc. acquired a new stake in DXC Technology Company. during the 2nd quarter valued at approximately $105,000. Pinebridge Investments L.P. acquired a new stake in DXC Technology Company. during the 2nd quarter valued at approximately $106,000. Cribstone Capital Management LLC increased its position in DXC Technology Company. by 4.7% during 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. Oppenheimer Asset Management Inc. acquired a new stake in DXC Technology Company. during the 2nd quarter valued at approximately $109,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in DXC Technology Company. during the 2nd quarter valued at approximately $128,000. 85.04% of the stock is owned by institutional investors and hedge funds.
In other news, CFO Paul N. Saleh sold 80,922 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $84.01, for a total transaction of $6,798,257.22. Following the transaction, the chief financial officer now directly owns 217,211 shares of the company’s stock, valued at $18,247,896.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael G. Nefkens sold 128,328 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $80.03, for a total value of $10,270,089.84. Following the transaction, the executive vice president now directly owns 25,447 shares in the company, valued at $2,036,523.41. The disclosure for this sale can be found here. Insiders have sold 359,666 shares of company stock worth $29,091,539 over the last three months. Insiders own 1.30% of the company’s stock.
A number of analysts have weighed in on the stock. Stifel Nicolaus reissued a “hold” rating and set a $86.00 target price on shares of DXC Technology Company. in a research report on Thursday, August 10th. TheStreet upgraded DXC Technology Company. from a “c” rating to a “b” rating in a report on Tuesday, August 8th. Cowen and Company restated a “hold” rating and set a $77.00 price target on shares of DXC Technology Company. in a report on Thursday, August 10th. Zacks Investment Research upgraded DXC Technology Company. from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a report on Tuesday. Finally, Bank of America Corporation assumed coverage on DXC Technology Company. in a report on Tuesday, September 12th. They set a “buy” rating and a $101.00 price target on the stock. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $92.57.
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DXC Technology Company. (NYSE:DXC) opened at 91.20 on Friday. DXC Technology Company. has a 12-month low of $51.68 and a 12-month high of $93.40. The firm’s 50 day moving average price is $85.46 and its 200-day moving average price is $79.53. The company has a market capitalization of $25.96 billion, a PE ratio of 287.70 and a beta of 1.04.
DXC Technology Company. (NYSE:DXC) last posted its 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. DXC Technology Company. had a return on equity of 17.51% and a net margin of 0.49%. The firm had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.95 billion. On average, equities analysts anticipate that DXC Technology Company. will post $6.82 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 11th. Stockholders of record on Wednesday, September 6th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, September 1st. This represents a $0.72 annualized dividend and a dividend yield of 0.79%. DXC Technology Company.’s dividend payout ratio (DPR) is presently -378.95%.
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 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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