DXC Technology (DXC) Shares Sold by Antipodean Advisors LLC

Antipodean Advisors LLC decreased its holdings in DXC Technology (NYSE:DXC) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,000 shares of the company’s stock after selling 2,000 shares during the period. DXC Technology comprises approximately 8.4% of Antipodean Advisors LLC’s holdings, making the stock its 4th largest holding. Antipodean Advisors LLC’s holdings in DXC Technology were worth $9,962,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in DXC Technology in the second quarter worth $101,000. Hanson McClain Inc. purchased a new stake in DXC Technology in the second quarter worth $105,000. Pinebridge Investments L.P. purchased a new stake in DXC Technology in the second quarter worth $106,000. Oppenheimer Asset Management Inc. purchased a new stake in DXC Technology in the second quarter worth $109,000. Finally, Westside Investment Management Inc. increased its stake in DXC Technology by 3.4% in the second quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock worth $118,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 84.76% of the company’s stock.

In related news, EVP Michael G. Nefkens sold 35,340 shares of the firm’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $92.00, for a total transaction of $3,251,280.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.30% of the stock is owned by company insiders.

A number of analysts have weighed in on DXC shares. Zacks Investment Research upgraded DXC Technology from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research note on Friday, October 20th. BMO Capital Markets increased their target price on DXC Technology from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, September 15th. Citigroup increased their target price on DXC Technology to $107.00 in a research note on Wednesday, November 8th. KeyCorp reiterated a “buy” rating and issued a $92.00 target price on shares of DXC Technology in a research note on Friday, September 8th. Finally, Bank of America assumed coverage on DXC Technology in a research note on Tuesday, September 12th. They set a “buy” rating and a $101.00 price target on the stock. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $99.88.

Shares of DXC Technology (NYSE DXC) traded up $0.51 during mid-day trading on Thursday, reaching $93.38. The company had a trading volume of 1,097,600 shares, compared to its average volume of 1,916,307. DXC Technology has a 12 month low of $67.76 and a 12 month high of $99.44. The company has a market capitalization of $26,492.91, a P/E ratio of 16.95, a P/E/G ratio of 1.19 and a beta of 1.04. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.00.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.40. DXC Technology had a return on equity of 17.83% and a net margin of 1.88%. The company had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.07 billion. The company’s revenue was up 229.4% on a year-over-year basis. sell-side analysts predict that DXC Technology will post 7.45 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Wednesday, December 6th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Tuesday, December 5th. DXC Technology’s payout ratio is currently 122.03%.

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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 two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.

Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)

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