Janus Henderson Group PLC grew its position in shares of DXC Technology Co (NYSE:DXC) by 40.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 284,690 shares of the company’s stock after acquiring an additional 82,203 shares during the period. Janus Henderson Group PLC owned about 0.11% of DXC Technology worth $15,699,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. Coastal Investment Advisors Inc. boosted its position in shares of DXC Technology by 348.4% in 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 in the last quarter. Liberty Wealth Management LLC boosted its position in shares of DXC Technology by 143.8% in the 2nd quarter. Liberty Wealth Management LLC now owns 568 shares of the company’s stock worth $31,000 after purchasing an additional 335 shares in the last quarter. Cornerstone Advisors Inc. boosted 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 worth $37,000 after purchasing 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 worth approximately $42,000. Finally, CWM LLC boosted its position in shares of DXC Technology by 66.6% in the 2nd quarter. CWM LLC now owns 813 shares of the company’s stock worth $45,000 after purchasing an additional 325 shares in the last quarter. Hedge funds and other institutional investors own 88.47% of the company’s stock.
Shares of NYSE DXC traded up $0.22 during midday trading on Friday, hitting $32.70. 6,581,784 shares of the stock traded hands, compared to its average volume of 4,911,451. The firm has a 50-day moving average of $39.67 and a two-hundred day moving average of $54.45. The firm has a market capitalization of $8.51 billion, a P/E ratio of 3.92, a PEG ratio of 1.14 and a beta of 1.93. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.88 and a current ratio of 0.88. DXC Technology Co has a one year low of $30.10 and a one year high of $96.75.
DXC Technology (NYSE:DXC) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.03. The firm had revenue of $4.89 billion for the quarter, compared to analysts’ expectations 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 in the prior year, the firm earned $1.93 EPS. Equities analysts forecast that DXC Technology Co will post 7.3 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.84 annualized dividend and a dividend yield of 2.57%. DXC Technology’s payout ratio is 10.07%.
Several equities analysts recently issued reports on DXC shares. Evercore ISI reaffirmed a “buy” rating and issued a $82.00 price objective on shares of DXC Technology in a research report on Sunday, August 11th. Cowen lowered their price objective 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. TheStreet cut DXC Technology from a “b-” rating to a “c+” rating in a research report on Thursday, May 23rd. Wells Fargo & Co lowered their price objective on DXC Technology from $72.00 to $55.00 and set a “market perform” rating on the stock in a research report on Friday, May 24th. Finally, KeyCorp lowered their price objective on DXC Technology from $97.00 to $88.00 and set an “overweight” rating on the stock in a research report on Monday, May 20th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $66.69.
In other news, EVP Joanne Mason sold 48,679 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $51.99, for a total transaction of $2,530,821.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John M. Lawrie purchased 10,000 shares of the stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average cost of $49.56 per share, for a total transaction of $495,600.00. The disclosure for this purchase can be found here. Insiders have bought a total of 22,066 shares of company stock worth $1,153,043 over the last three months. 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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