EagleClaw Capital Managment LLC acquired a new position in shares of DXC Technology Company. (NYSE:DXC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,130 shares of the company’s stock, valued at approximately $2,006,000. DXC Technology Company. makes up approximately 1.2% of EagleClaw Capital Managment LLC’s portfolio, making the stock its 28th biggest holding.
A number of other institutional investors also recently added to or reduced their stakes in DXC. Neuberger Berman Group LLC acquired a new position in DXC Technology Company. during the first quarter worth $233,000. Credit Agricole S A acquired a new position in DXC Technology Company. during the first quarter worth $4,617,000. Caisse DE Depot ET Placement DU Quebec acquired a new position in DXC Technology Company. during the first quarter worth $1,822,000. Goldman Sachs Group Inc. acquired a new position in DXC Technology Company. during the first quarter worth $115,847,000. Finally, Cacti Asset Management LLC acquired a new position in DXC Technology Company. during the second quarter worth $209,000. Hedge funds and other institutional investors own 85.04% of the company’s stock.
In other news, CFO Paul N. Saleh sold 40,460 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $82.54, for a total transaction of $3,339,568.40. Following the completion of the transaction, the chief financial officer now owns 136,384 shares of the company’s stock, valued at approximately $11,257,135.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Paul N. Saleh sold 80,922 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $84.01, for a total value of $6,798,257.22. Following the transaction, the chief financial officer now directly owns 217,211 shares of the company’s stock, valued at approximately $18,247,896.11. The disclosure for this sale can be found here. Insiders have sold a total of 359,666 shares of company stock valued at $29,091,539 in the last three months. 1.30% of the stock is owned by insiders.
DXC has been the subject of several recent analyst reports. Morgan Stanley upgraded DXC Technology Company. from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $68.00 to $85.00 in a research note on Tuesday, July 4th. Royal Bank Of Canada restated a “buy” rating and issued a $87.00 target price on shares of DXC Technology Company. in a research note on Friday, July 7th. KeyCorp upgraded DXC Technology Company. from a “sector weight” rating to an “overweight” rating and set a $93.00 target price for the company in a research note on Friday, July 21st. Zacks Investment Research lowered DXC Technology Company. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $94.00 target price (up from $92.00) on shares of DXC Technology Company. in a research note on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $90.93.
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Shares of DXC Technology Company. (DXC) traded down 1.00% during mid-day trading on Wednesday, hitting $87.21. The stock had a trading volume of 564,575 shares. DXC Technology Company. has a 1-year low of $64.06 and a 1-year high of $89.52. The company has a market capitalization of $24.83 billion, a P/E ratio of 275.11 and a beta of 1.04. The stock’s 50-day moving average price is $85.22 and its 200 day moving average price is $79.39.
DXC Technology Company. (NYSE:DXC) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.34. DXC Technology Company. had a return on equity of 17.51% and a net margin of 0.49%. The company had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.95 billion. On average, analysts predict that DXC Technology Company. will post $6.82 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Wednesday, September 6th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.82%. DXC Technology Company.’s dividend payout ratio (DPR) is currently -378.95%.
About DXC Technology Company.
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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