Insider Buying: DXC Technology Co (NYSE:DXC) Insider Buys $234,379.16 in Stock

DXC Technology Co (NYSE:DXC) insider John M. Lawrie acquired 4,166 shares of DXC Technology stock in a transaction on Thursday, July 18th. The shares were purchased at an average cost of $56.26 per share, for a total transaction of $234,379.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

DXC stock opened at $55.93 on Monday. The company has a fifty day moving average of $53.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $14.90 billion, a P/E ratio of 6.71, a P/E/G ratio of 1.75 and a beta of 1.74. DXC Technology Co has a twelve month low of $46.46 and a twelve month high of $96.75.

DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Thursday, May 23rd. The company reported $2.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.07 by $0.12. The company had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.30 billion. DXC Technology had a return on equity of 20.09% and a net margin of 6.06%. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.28 EPS. Analysts predict that DXC Technology Co will post 8.18 EPS for the current year.



The business also recently declared a quarterly dividend, which was paid on Tuesday, July 16th. Stockholders of record on Wednesday, June 5th were paid a $0.21 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.50%. This is an increase from DXC Technology’s previous quarterly dividend of $0.19. DXC Technology’s dividend payout ratio is 10.07%.

Hedge funds have recently bought and sold shares of the company. Cribstone Capital Management LLC lifted its stake in shares of DXC Technology by 187.1% in the 1st quarter. Cribstone Capital Management LLC now owns 491 shares of the company’s stock valued at $32,000 after purchasing an additional 320 shares during the period. Truvestments Capital LLC bought a new stake in shares of DXC Technology in the 1st quarter valued at $37,000. Cornerstone Advisors Inc. increased its position 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 in the last quarter. Water Island Capital LLC bought a new stake in shares of DXC Technology in the 1st quarter valued at $42,000. Finally, Lake Point Wealth Management bought a new stake in shares of DXC Technology in the 4th quarter valued at $38,000. 85.94% of the stock is currently owned by institutional investors.

Several research firms have issued reports on DXC. Goldman Sachs Group downgraded DXC Technology from a “conviction-buy” rating to a “buy” rating in a report on Monday, April 22nd. KeyCorp reduced their price objective on DXC Technology from $97.00 to $88.00 and set an “overweight” rating on the stock in a report on Monday, May 20th. Wells Fargo & Co reduced their price objective on DXC Technology from $72.00 to $55.00 and set a “market perform” rating on the stock in a report on Friday, May 24th. TheStreet downgraded ZovioInc . from a “c-” rating to a “d” rating in a report on Thursday, May 23rd. Finally, Bank of America set a $77.00 price objective on Zscaler and gave the stock a “neutral” rating in a report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $80.92.

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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Insider Buying and Selling by Quarter for DXC Technology (NYSE:DXC)

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