Creative Financial Designs Inc. ADV lifted its stake in shares of DXC Technology Co (NYSE:DXC) by 276.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,318 shares of the company’s stock after purchasing an additional 968 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in DXC Technology were worth $36,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Coastal Investment Advisors Inc. raised its position 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 worth $25,000 after purchasing an additional 547 shares during the period. Liberty Wealth Management LLC increased its position in 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 acquiring an additional 335 shares during the period. Covington Capital Management increased its position in DXC Technology by 346.3% in the 2nd quarter. Covington Capital Management now owns 732 shares of the company’s stock valued at $40,000 after acquiring an additional 568 shares during the period. CWM LLC increased its position in 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 acquiring an additional 325 shares during the period. Finally, Litman Gregory Asset Management LLC acquired a new stake in DXC Technology in the 2nd quarter valued at approximately $51,000. Institutional investors and hedge funds own 86.67% of the company’s stock.
Several analysts recently commented on DXC shares. Cfra restated a “hold” rating on shares of DXC Technology in a research report on Thursday, September 12th. Cowen lowered their target price on DXC Technology from $83.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. ValuEngine upgraded DXC Technology from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Citigroup lowered their target price on DXC Technology from $60.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, Evercore ISI restated a “hold” rating on shares of DXC Technology in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. DXC Technology presently has a consensus rating of “Hold” and an average target price of $56.14.
DXC Technology (NYSE:DXC) last released its quarterly earnings data on Thursday, August 8th. The company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.03. The business had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.86 billion. DXC Technology had a return on equity of 19.57% and a net margin of 5.70%. The company’s revenue was down 7.4% compared to the same quarter last year. During the same period last year, the company posted $1.93 EPS. On average, research analysts predict that DXC Technology Co will post 7.3 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Tuesday, December 3rd. DXC Technology’s dividend payout ratio is presently 10.07%.
In related news, CEO John M. Lawrie acquired 10,000 shares of DXC Technology stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average cost of $49.56 per share, with a total value of $495,600.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last three months, insiders have bought 17,900 shares of company stock valued at $918,664. Corporate insiders own 0.81% of the company’s stock.
DXC Technology 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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