MetLife Investment Advisors LLC trimmed its position in shares of DXC Technology (NYSE:DXC) by 2.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,848 shares of the company’s stock after selling 2,416 shares during the quarter. MetLife Investment Advisors LLC’s holdings in DXC Technology were worth $8,630,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Calton & Associates Inc. purchased a new position in shares of DXC Technology during the 4th quarter valued at approximately $112,000. Financial Gravity Companies Inc. purchased a new position in shares of DXC Technology during the 4th quarter valued at approximately $130,000. Signaturefd LLC purchased a new position in shares of DXC Technology during the 1st quarter valued at approximately $137,000. BB&T Investment Services Inc. purchased a new position in shares of DXC Technology during the 4th quarter valued at approximately $143,000. Finally, Cypress Capital Management LLC WY increased its holdings in shares of DXC Technology by 1,570.0% during the 1st quarter. Cypress Capital Management LLC WY now owns 1,670 shares of the company’s stock valued at $168,000 after purchasing an additional 1,570 shares in the last quarter. 83.90% of the stock is owned by hedge funds and other institutional investors.
In other DXC Technology news, insider John M. Lawrie sold 9,900 shares of DXC Technology stock in a transaction on Wednesday, April 11th. The shares were sold at an average price of $102.35, for a total transaction of $1,013,265.00. Following the sale, the insider now owns 638,610 shares of the company’s stock, valued at approximately $65,361,733.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John M. Lawrie sold 5,000 shares of DXC Technology stock in a transaction on Friday, April 27th. The stock was sold at an average price of $103.04, for a total transaction of $515,200.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,886 shares of company stock worth $2,343,380. 1.30% of the stock is currently owned by corporate insiders.
DXC Technology (NYSE:DXC) last announced its earnings results on Thursday, May 24th. The company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.06. DXC Technology had a net margin of 7.13% and a return on equity of 17.74%. The company had revenue of $6.29 billion for the quarter, compared to analysts’ expectations of $6.12 billion. The business’s revenue for the quarter was up 233.2% on a year-over-year basis. analysts forecast that DXC Technology will post 8.18 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 17th. Shareholders of record on Wednesday, June 6th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.90%. The ex-dividend date is Tuesday, June 5th. This is a boost from DXC Technology’s previous quarterly dividend of $0.18. DXC Technology’s payout ratio is 9.57%.
Several equities analysts have recently weighed in on DXC shares. Zacks Investment Research lowered shares of DXC Technology from a “hold” rating to a “sell” rating in a report on Thursday, May 31st. Citigroup lifted their target price on shares of DXC Technology to $126.00 and gave the company a “top pick” rating in a report on Thursday, April 12th. ValuEngine raised shares of DXC Technology from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 10th. JPMorgan Chase & Co. dropped their price target on shares of DXC Technology from $114.00 to $98.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 29th. Finally, BMO Capital Markets dropped their price target on shares of DXC Technology from $117.00 to $113.00 and set an “outperform” rating on the stock in a research note on Friday, May 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $105.59.
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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