Regentatlantic Capital LLC Has $9.21 Million Position in DXC Technology Co (NYSE:DXC)

Regentatlantic Capital LLC reduced its stake in DXC Technology Co (NYSE:DXC) by 6.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 167,021 shares of the company’s stock after selling 11,936 shares during the period. Regentatlantic Capital LLC’s holdings in DXC Technology were worth $9,211,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of DXC. Amundi Pioneer Asset Management Inc. raised its holdings in DXC Technology by 72.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,487,161 shares of the company’s stock valued at $95,639,000 after buying an additional 626,479 shares during the last quarter. Poplar Forest Capital LLC raised its holdings in DXC Technology by 157.0% in the 1st quarter. Poplar Forest Capital LLC now owns 908,310 shares of the company’s stock valued at $58,413,000 after buying an additional 554,818 shares during the last quarter. Geode Capital Management LLC raised its holdings in DXC Technology by 11.3% in the 4th quarter. Geode Capital Management LLC now owns 4,452,857 shares of the company’s stock valued at $236,418,000 after buying an additional 451,768 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in DXC Technology by 14.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,299,958 shares of the company’s stock valued at $175,464,000 after buying an additional 411,494 shares during the last quarter. Finally, LSV Asset Management raised its holdings in DXC Technology by 19.2% in the 1st quarter. LSV Asset Management now owns 2,373,736 shares of the company’s stock valued at $152,654,000 after buying an additional 381,967 shares during the last quarter. Institutional investors own 85.70% of the company’s stock.

Shares of DXC stock traded down $1.95 during trading hours on Friday, hitting $53.18. 119,349 shares of the company were exchanged, compared to its average volume of 1,933,080. The stock has a market capitalization of $14.39 billion, a price-to-earnings ratio of 6.39, a P/E/G ratio of 1.77 and a beta of 1.74. DXC Technology Co has a fifty-two week low of $46.46 and a fifty-two week high of $96.75. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.96 and a current ratio of 0.96. The company’s 50 day simple moving average is $55.22.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, May 23rd. The company reported $2.19 EPS for the quarter, topping the consensus estimate of $2.07 by $0.12. The company had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.30 billion. DXC Technology had a net margin of 6.06% and a return on equity of 20.09%. The company’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.28 EPS. On average, analysts anticipate that DXC Technology Co will post 8.16 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 16th. Stockholders of record on Wednesday, June 5th were given a dividend of $0.21 per share. This is an increase from DXC Technology’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $0.84 annualized dividend and a dividend yield of 1.58%. DXC Technology’s dividend payout ratio (DPR) is 10.07%.

A number of brokerages recently issued reports on DXC. Wells Fargo & Co dropped their price objective on shares of DXC Technology from $72.00 to $55.00 and set a “market perform” rating for the company in a report on Friday, May 24th. Goldman Sachs Group lowered shares of DXC Technology from a “conviction-buy” rating to a “buy” rating in a report on Monday, April 22nd. KeyCorp lowered their price target on shares of DXC Technology from $97.00 to $88.00 and set an “overweight” rating for the company in a report on Monday, May 20th. Zacks Investment Research lowered shares of DXC Technology from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Finally, BMO Capital Markets lowered their price target on shares of DXC Technology from $88.00 to $70.00 and set an “outperform” rating for the company in a report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $80.92.

In other news, insider John M. Lawrie acquired 4,166 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were purchased at an average cost of $56.26 per share, with a total value of $234,379.16. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Joanne Mason sold 1,768 shares of DXC Technology stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $52.29, for a total transaction of $92,448.72. The disclosure for this sale can be found here. Company 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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Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)

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