Caldera Capital LLC bought a new position in DXC Technology Company. (NYSE:DXC) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 165,029 shares of the company’s stock, valued at approximately $12,661,000. DXC Technology Company. makes up about 11.8% of Caldera Capital LLC’s portfolio, making the stock its 3rd biggest holding. Caldera Capital LLC owned about 0.12% of DXC Technology Company. at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in DXC. Westside Investment Management Inc. purchased a new stake in DXC Technology Company. in the 1st quarter worth approximately $105,000. Hanson McClain Inc. purchased a new stake in DXC Technology Company. in the 2nd quarter worth approximately $105,000. Cribstone Capital Management LLC increased its holdings 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 worth $108,000 after acquiring an additional 63 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in DXC Technology Company. in the 2nd quarter worth approximately $109,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in DXC Technology Company. in the 2nd quarter worth approximately $128,000. 85.05% of the stock is owned by institutional investors.
Several research firms recently issued reports on DXC. Stifel Nicolaus reissued a “hold” rating and issued a $86.00 target price on shares of DXC Technology Company. in a report on Thursday, August 10th. TheStreet raised shares of 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 issued a $77.00 price target on shares of DXC Technology Company. in a research note on Thursday, August 10th. Bank of America Corporation initiated coverage on DXC Technology Company. in a research note on Tuesday, September 12th. They issued a “buy” rating and a $101.00 price target for the company. Finally, BMO Capital Markets restated an “outperform” rating and issued a $94.00 price target (up from $92.00) on shares of DXC Technology Company. in a research note on Wednesday, August 9th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. DXC Technology Company. presently has an average rating of “Buy” and an average target price of $89.57.
DXC Technology Company. (NYSE:DXC) traded down 0.39% on Friday, reaching $85.07. The company’s stock had a trading volume of 2,249,700 shares. The firm has a 50-day moving average of $83.08 and a 200 day moving average of $77.13. DXC Technology Company. has a 12-month low of $49.12 and a 12-month high of $86.29. The company has a market capitalization of $24.22 billion, a price-to-earnings ratio of 268.36 and a beta of 1.03.
DXC Technology Company. (NYSE:DXC) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.34. The business had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.95 billion. DXC Technology Company. had a return on equity of 17.51% and a net margin of 0.49%. On average, equities research analysts anticipate that DXC Technology Company. will post $6.82 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Wednesday, September 6th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Friday, September 1st. DXC Technology Company.’s dividend payout ratio (DPR) is presently -378.95%.
In other news, EVP Michael G. Nefkens sold 128,328 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $80.03, for a total value of $10,270,089.84. Following the completion of the sale, the executive vice president now directly owns 25,447 shares in the company, valued at $2,036,523.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Paul N. Saleh sold 80,922 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $84.01, for a total value of $6,798,257.22. Following the completion of the sale, the chief financial officer now owns 217,211 shares of the company’s stock, valued at $18,247,896.11. The disclosure for this sale can be found here. Insiders sold 359,666 shares of company stock valued at $29,091,539 over the last 90 days. Company insiders own 1.30% of the company’s stock.
DXC Technology Company. 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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