DXC Technology (NYSE:DXC) CEO Purchases $250,637.04 in Stock
by Teresa Graham · The Cerbat GemDXC Technology Company. (NYSE:DXC – Get Free Report) CEO Raul Fernandez bought 16,446 shares of DXC Technology stock in a transaction dated Monday, February 2nd. The shares were acquired at an average cost of $15.24 per share, with a total value of $250,637.04. Following the completion of the purchase, the chief executive officer owned 816,001 shares in the company, valued at approximately $12,435,855.24. This trade represents a 2.06% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
DXC Technology Trading Down 0.6%
Shares of NYSE:DXC opened at $14.17 on Friday. The business’s 50 day moving average price is $14.71 and its 200-day moving average price is $14.01. DXC Technology Company. has a 1 year low of $11.82 and a 1 year high of $22.78. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 6.08 and a beta of 1.07. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.35 and a quick ratio of 1.09.
DXC Technology (NYSE:DXC – Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.13. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.18 billion. DXC Technology had a net margin of 3.34% and a return on equity of 17.56%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the firm posted $0.92 earnings per share. On average, equities research analysts forecast that DXC Technology Company. will post 3.35 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research firms have recently weighed in on DXC. BMO Capital Markets raised their target price on DXC Technology from $15.00 to $17.00 and gave the company a “market perform” rating in a research report on Tuesday. Susquehanna set a $14.00 target price on shares of DXC Technology and gave the stock a “neutral” rating in a research note on Friday, October 31st. Wolfe Research set a $13.00 target price on shares of DXC Technology and gave the company an “underperform” rating in a research report on Friday, January 30th. Stifel Nicolaus lowered their price target on shares of DXC Technology from $15.00 to $14.00 and set a “hold” rating on the stock in a research report on Friday, October 31st. Finally, Zacks Research raised shares of DXC Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $14.71.
Read Our Latest Research Report on DXC
Institutional Trading of DXC Technology
Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada grew its position in DXC Technology by 156.3% in the first quarter. Royal Bank of Canada now owns 99,930 shares of the company’s stock worth $1,703,000 after acquiring an additional 60,935 shares during the period. Goldman Sachs Group Inc. increased its position in shares of DXC Technology by 4.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,239,558 shares of the company’s stock worth $21,134,000 after purchasing an additional 49,228 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in DXC Technology by 4.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 735,597 shares of the company’s stock valued at $12,542,000 after buying an additional 34,544 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in DXC Technology by 94.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 25,906 shares of the company’s stock valued at $421,000 after buying an additional 12,611 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in DXC Technology by 187.3% during the second quarter. Signaturefd LLC now owns 3,054 shares of the company’s stock worth $47,000 after buying an additional 1,991 shares during the period. Hedge funds and other institutional investors own 96.20% of the company’s stock.
About DXC Technology
DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.
DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.