Seeyond trimmed its position in DXC Technology Co (NYSE:DXC) by 35.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 15,410 shares of the company’s stock after selling 8,464 shares during the period. Seeyond’s holdings in DXC Technology were worth $850,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of DXC Technology by 11.3% during the fourth quarter. Geode Capital Management LLC now owns 4,452,857 shares of the company’s stock valued at $236,418,000 after buying an additional 451,768 shares during the last quarter. FMR LLC raised its holdings in shares of DXC Technology by 6.8% in the first quarter. FMR LLC now owns 3,849,597 shares of the company’s stock valued at $247,567,000 after buying an additional 245,363 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of DXC Technology by 23.4% during the second quarter. Prudential Financial Inc. now owns 3,308,632 shares of the company’s stock worth $182,471,000 after acquiring an additional 626,625 shares during the period. Northern Trust Corp increased its stake in shares of DXC Technology by 0.6% during the second quarter. Northern Trust Corp now owns 3,030,723 shares of the company’s stock worth $167,145,000 after acquiring an additional 17,355 shares during the period. Finally, LSV Asset Management increased its stake in shares of DXC Technology by 20.7% during the second quarter. LSV Asset Management now owns 2,865,051 shares of the company’s stock worth $158,007,000 after acquiring an additional 491,315 shares during the period. Institutional investors and hedge funds own 88.47% of the company’s stock.
A number of brokerages have recently issued reports on DXC. Susquehanna Bancshares lowered shares of DXC Technology from a “positive” rating to a “neutral” rating in a research note on Thursday. Bank of America dropped their price target on shares of DXC Technology from $64.00 to $56.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Evercore ISI reiterated a “buy” rating and set a $82.00 price target on shares of DXC Technology in a research note on Sunday, August 11th. TheStreet lowered shares of DXC Technology from a “b-” rating to a “c+” rating in a research note on Thursday, May 23rd. Finally, Stifel Nicolaus dropped their price target on shares of DXC Technology from $46.00 to $37.00 and set a “hold” rating on the stock in a research note on Wednesday, August 28th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $66.69.
Shares of DXC stock traded up $0.05 during trading hours on Friday, hitting $32.53. The company’s stock had a trading volume of 187,584 shares, compared to its average volume of 4,140,236. The business has a fifty day moving average of $40.14 and a 200-day moving average of $54.61. The stock has a market cap of $9.44 billion, a price-to-earnings ratio of 3.91, a P/E/G ratio of 1.26 and a beta of 1.93. DXC Technology Co has a twelve month low of $30.10 and a twelve month high of $96.75. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.80.
DXC Technology (NYSE:DXC) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.71 by $0.03. The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.86 billion. DXC Technology had a net margin of 5.70% and a return on equity of 19.57%. The company’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.93 earnings per share. On average, equities analysts expect that DXC Technology Co will post 7.3 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, September 4th will be given a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.84 annualized dividend and a dividend yield of 2.58%. DXC Technology’s dividend payout ratio is presently 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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