Nomura Holdings Inc. grew its stake in shares of DXC Technology Co (NYSE:DXC) by 109.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 334,900 shares of the company’s stock after buying an additional 175,100 shares during the period. Nomura Holdings Inc. owned approximately 0.13% of DXC Technology worth $18,742,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds 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 second quarter. Coastal Investment Advisors Inc. now owns 704 shares of the company’s stock valued at $25,000 after buying an additional 547 shares during the last quarter. Liberty Wealth Management LLC increased its stake in DXC Technology by 143.8% in the second 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. Cornerstone Advisors Inc. increased its stake in DXC Technology by 100.0% in the first quarter. Cornerstone Advisors Inc. now owns 578 shares of the company’s stock valued at $37,000 after acquiring an additional 289 shares during the period. CWM LLC increased its stake in DXC Technology by 66.6% in the second 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 bought a new stake in DXC Technology in the second quarter valued at about $51,000. 86.84% of the stock is owned by institutional investors and hedge funds.
In other news, CEO John M. Lawrie acquired 3,300 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average cost of $53.28 per share, with a total value of $175,824.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired 22,066 shares of company stock worth $1,153,043 over the last ninety days. Insiders own 0.81% of the company’s stock.
DXC Technology stock traded down $0.40 during trading hours on Friday, hitting $31.82. 168,689 shares of the stock were exchanged, compared to its average volume of 4,919,183. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $8.44 billion, a P/E ratio of 3.82, a P/E/G ratio of 1.13 and a beta of 1.93. DXC Technology Co has a 12 month low of $30.10 and a 12 month high of $96.75. The business’s 50-day moving average is $36.79 and its two-hundred day moving average is $53.42.
DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.74 earnings per share for the quarter, topping the Thomson Reuters’ 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 net margin of 5.70% and a return on equity of 19.57%. The company’s quarterly 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 earnings per share. On average, equities analysts predict that DXC Technology Co will post 7.3 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, September 4th will be paid 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 yield of 2.64%. DXC Technology’s dividend payout ratio is 10.07%.
A number of analysts recently weighed in on DXC shares. Stifel Nicolaus lowered their target price on shares of DXC Technology from $46.00 to $37.00 and set a “hold” rating on the stock in a research note on Wednesday, August 28th. Bank of America lowered their target price on shares of DXC Technology from $64.00 to $56.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Cfra reissued a “hold” rating on shares of DXC Technology in a research note on Thursday, September 12th. Wells Fargo & Co lowered their target price on shares of DXC Technology from $72.00 to $55.00 and set a “market perform” rating on the stock in a research note on Friday, May 24th. Finally, BMO Capital Markets cut shares of DXC Technology from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $60.00 to $48.00 in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $66.69.
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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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