Arizona State Retirement System Buys $5.4M Stake In DXC Technology Company

Via insidertradings.org

Arizona State Retirement System bought a fresh stake in DXC Technology Company. (NYSE:DXC) through out the Fiscal Q2, Holdings Channel reports. The hedge fund bought 70,207 company stock worth at roughly $5,386,000.

DXC Technology Company. (NYSE:DXC) started trading at 82.05 on early Mon. The 50 day SMA of the stock is of $78.64 and a two hundred SMA of $74.17. the share has a company valuation of $23.29 B, a price to earnings ratio of 258.83 along with a stock beta of 1.11. DXC Technology Company. has a 1 year low of $64.06 and a 1 year high of $84.50.

Other hedge funds lately purchased and unloaded stocks of the company. Cribstone Capital Management purchased a fresh position in DXC Technology Company. during the Q1 valued $102,000. Westside Investment Management purchased a fresh position in DXC Technology Company. during the Q1 valued $105,000. Oakworth Capital purchased a fresh position in DXC Technology Company. through out the Fiscal Q2 valued $137,000. Whittier Trust of Nevada purchased a fresh position in DXC Technology Company. through out the Fiscal Q2 valued $143,000. Lastly, Bartlett purchased a fresh position in DXC Technology Company. during the Q1 valued $145,000. 53.95% of the shares is presently owned by large funds.

DXC Technology Company. (NYSE:DXC) previously released its earnings report on early Tue, Aug 8th. The corporation posted $1.59 EPS (EPS) for the period, exceeding Zacks’ average forecast of $1.25 by $0.34. the company reported sales of $5.91 B for the period end, compared to analysts’ anticipations of $5.95 B. DXC Technology Company. had a net profit margin of 0.49% and a ROE of 14.82%. brokerages expect that DXC Technology Company. to post $6.80 EPS for the full year.

As of late the company also disclosed a divided for the quarter, expected to be paid on early Wed, Oct 11th. Traders who own the stock with a record date on Wed, Sep 6th will be paid a $0.18 dividend. this indicates a $0.72 dividend on a yearly basis and a payout of 0.88%. The ex-dividend date of this dividend is Fri, Sep 1st. DXC Technology Company.’s yield ratio (DPR) is presently -315.79%.

Quite a few brokerage firm analysts have commented on the share. Stifel Nicolaus restated a “hold” recommendation and fixed a $86.00 target price on the stock of DXC Technology Company. in a study report on Early Thur. TheStreet lifted shares of DXC Technology Company. from a “c” recommendation to a “b” recommendation in a analysis report on Tue, Aug 8th. Cowen and Company restated a “hold” recommendation and fixed a $77.00 target price on the stock of DXC Technology Company. in a study report on Early Thur. Goldman Sachs Group, (The) lifted shares of DXC Technology Company. from a “buy” recommendation to a “conviction-buy” recommendation and raised their PT for the shares from $85.00 to $90.00 in a study report on early Tue, May 9th. Lastly, BMO Capital Markets reiterated an “outperform” recommendation and given a $94.00 price target (up prior from $92.00) on stocks of DXC Technology Company. in a study report on early Wed, Aug 9th. Four research experts recommended the company shares with a hold recommendation, eight has issued a buy recommendation and 1 has released a strong buy recommendation to the firms shares. the share has a consensus rating of “Buy” and an average price target of $87.33.

Separately, Executive Vice President Michael G. Nefkens unloaded 128,328 stocks of the company’s shares in a trade on early Mon, Jul 24th. The stock was unloaded at a price range of of $80.03, amounting to $10,270,089.84. after the closing of the transaction the EVP has an ownership of 25,447 stocks in the company, worth at $2,036,523.41. The transaction related to this sale was declared in a document with the SEC which is available through this link. Also, CFO Paul N. Saleh unloaded 40,460 stocks of the company’s shares in a trade on early Wed, Aug 9th. Shares were disposed in a price range of $82.54, amounting $3,339,568.40. after the closing of the transaction the CFO has an ownership of 136,384 company stock worth at $11,257,135.36. executives unloaded 292,396 stocks of company shares worth at $23,335,020 during the previous period. company executives has an ownership of 1.30% of the firms stock.

 

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