DXC Technology Co (NYSE:DXC) Shares Acquired by Coastal Investment Advisors Inc.

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Coastal Investment Advisors Inc. grew its holdings in DXC Technology Co (NYSE:DXC) by 348.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 704 shares of the company’s stock after purchasing an additional 547 shares during the period. Coastal Investment Advisors Inc.’s holdings in DXC Technology were worth $25,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in DXC. Liberty Wealth Management LLC raised its holdings in shares of DXC Technology by 143.8% in the 2nd quarter. Liberty Wealth Management LLC now owns 568 shares of the company’s stock valued at $31,000 after buying an additional 335 shares during the period. Cornerstone Advisors Inc. raised its holdings in shares of DXC Technology by 100.0% in the 1st quarter. Cornerstone Advisors Inc. now owns 578 shares of the company’s stock valued at $37,000 after buying an additional 289 shares during the period. Water Island Capital LLC purchased a new stake in shares of DXC Technology in the 1st quarter valued at $42,000. CWM LLC raised its holdings in shares of DXC Technology by 66.6% in the 2nd quarter. CWM LLC now owns 813 shares of the company’s stock valued at $45,000 after buying an additional 325 shares during the period. Finally, Litman Gregory Asset Management LLC purchased a new stake in shares of DXC Technology in the 2nd quarter valued at $51,000. 86.39% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Joanne Mason sold 48,679 shares of the stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $51.99, for a total value of $2,530,821.21. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO John M. Lawrie acquired 3,300 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was acquired at an average price of $53.28 per share, for a total transaction of $175,824.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 22,066 shares of company stock worth $1,153,043. 0.81% of the stock is owned by company insiders.

Several equities research analysts recently issued reports on DXC shares. Royal Bank of Canada reiterated a “buy” rating on shares of DXC Technology in a report on Sunday, August 11th. Zacks Investment Research downgraded DXC Technology from a “hold” rating to a “sell” rating and set a $36.00 price objective on the stock. in a report on Tuesday, August 13th. BMO Capital Markets downgraded DXC Technology from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $60.00 to $48.00 in a report on Friday, August 9th. TheStreet downgraded DXC Technology from a “b-” rating to a “c+” rating in a report on Thursday, May 23rd. Finally, Cowen cut their price target on DXC Technology from $83.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $69.17.

Shares of NYSE DXC opened at $34.50 on Thursday. The stock’s 50-day moving average is $49.64 and its two-hundred day moving average is $58.05. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.88 and a quick ratio of 0.88. DXC Technology Co has a 1-year low of $30.11 and a 1-year high of $96.75. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 4.11, a price-to-earnings-growth ratio of 1.17 and a beta of 1.74.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.71 by $0.03. DXC Technology had a return on equity of 19.57% and a net margin of 5.70%. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the prior year, the business earned $1.93 EPS. DXC Technology’s revenue was down 7.4% on a year-over-year basis. Equities research analysts anticipate that DXC Technology Co will post 7.31 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, September 4th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.84 annualized dividend and a yield of 2.43%. DXC Technology’s dividend payout ratio (DPR) is 10.07%.

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).

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

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