Cramer Rosenthal Mcglynn LLC reduced its stake in DXC Technology Co (NYSE:DXC) by 4.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 477,664 shares of the company’s stock after selling 24,176 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned about 0.18% of DXC Technology worth $26,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. Liberty Wealth Management LLC boosted its holdings in DXC Technology by 143.8% in the second quarter. Liberty Wealth Management LLC now owns 568 shares of the company’s stock valued at $31,000 after acquiring an additional 335 shares in the last quarter. Cornerstone Advisors Inc. raised its position in DXC Technology by 100.0% in the 1st quarter. Cornerstone Advisors Inc. now owns 578 shares of the company’s stock worth $37,000 after buying an additional 289 shares during the last quarter. Water Island Capital LLC bought a new stake in shares of DXC Technology during the 1st quarter valued at about $42,000. Coastal Investment Advisors Inc. grew its stake in shares of DXC Technology by 348.4% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 704 shares of the company’s stock valued at $25,000 after purchasing an additional 547 shares during the period. Finally, CWM LLC grew its stake in shares of DXC Technology by 66.6% during the 2nd quarter. CWM LLC now owns 813 shares of the company’s stock valued at $45,000 after acquiring an additional 325 shares during the period. 88.47% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on the stock. KeyCorp cut their target price on shares of DXC Technology from $97.00 to $88.00 and set an “overweight” rating on the stock in a report on Monday, May 20th. Cowen reduced their target price on shares of DXC Technology from $83.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Royal Bank of Canada reiterated a “buy” rating on shares of DXC Technology in a research note on Sunday, August 11th. Zacks Investment Research cut shares of DXC Technology from a “hold” rating to a “sell” rating and set a $36.00 price objective for the company. in a research note on Tuesday, August 13th. Finally, Stifel Nicolaus dropped their price objective on shares of DXC Technology from $46.00 to $37.00 and set a “hold” rating for the company in a research note on Wednesday, August 28th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $66.69.
Shares of DXC Technology stock traded up $1.05 on Friday, hitting $33.53. The stock had a trading volume of 49,455 shares, compared to its average volume of 4,140,236. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.80. DXC Technology Co has a one year low of $30.10 and a one year high of $96.75. The stock has a market cap of $9.44 billion, a price-to-earnings ratio of 4.00, a PEG ratio of 1.26 and a beta of 1.93. The stock’s 50-day simple moving average is $40.14 and its two-hundred day simple moving average is $54.61.
DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, August 8th. The company reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.03. DXC Technology had a net margin of 5.70% and a return on equity of 19.57%. The firm had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter last year, the business earned $1.93 earnings per share. The business’s revenue was down 7.4% on a year-over-year basis. As a group, equities analysts predict that DXC Technology Co will post 7.3 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, September 4th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Tuesday, September 3rd. DXC Technology’s dividend payout ratio is 10.07%.
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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