Tiedemann Wealth Management LLC Acquires New Holdings in DXC Technology Company. (DXC)
Tiedemann Wealth Management LLC acquired a new position in DXC Technology Company. (NYSE:DXC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,620 shares of the company’s stock, valued at approximately $227,000.
Other large investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new position in DXC Technology in the second quarter worth approximately $101,000. Hanson McClain Inc. acquired a new position in DXC Technology in the second quarter worth approximately $105,000. Pinebridge Investments L.P. acquired a new position in DXC Technology in the second quarter worth approximately $106,000. Oppenheimer Asset Management Inc. acquired a new position in DXC Technology in the second quarter worth approximately $109,000. Finally, Westside Investment Management Inc. increased its holdings in DXC Technology by 3.4% in the second quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock worth $118,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 84.75% of the company’s stock.
In other news, EVP Michael G. Nefkens sold 35,340 shares of the stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $92.00, for a total value of $3,251,280.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by corporate insiders.
DXC Technology Company. (DXC) opened at $95.58 on Friday. DXC Technology Company. has a twelve month low of $67.76 and a twelve month high of $99.44. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $27,425.73, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 1.24 and a beta of 1.04.
DXC Technology (NYSE:DXC) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.40. DXC Technology had a return on equity of 17.83% and a net margin of 1.88%. The company had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.07 billion. DXC Technology’s quarterly revenue was up 229.4% compared to the same quarter last year. equities research analysts forecast that DXC Technology Company. will post 7.39 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Wednesday, December 6th will be given a $0.18 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $0.72 annualized dividend and a dividend yield of 0.75%. DXC Technology’s dividend payout ratio is 122.03%.
A number of research firms recently commented on DXC. Barclays increased their price objective on DXC Technology from $108.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, November 21st. SunTrust Banks increased their price target on DXC Technology to $100.00 and gave the company a “hold” rating in a report on Monday, November 13th. BMO Capital Markets increased their price target on DXC Technology from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th. Stifel Nicolaus increased their price target on DXC Technology from $86.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday, November 8th. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $93.00 price target on shares of DXC Technology in a report on Wednesday, November 8th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $99.88.
About DXC Technology
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.
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