Shares of DXC Technology (NYSE:DXC) rose 0% during trading on Friday after the company announced better than expected quarterly earnings. The company traded as high as $97.70 and last traded at $96.99. Approximately 3,536,966 shares changed hands during trading, an increase of 113% from the average daily volume of 1,664,065 shares. The stock had previously closed at $96.99.
The company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.16. The business had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.19 billion. DXC Technology had a return on equity of 17.83% and a net margin of 1.88%. The business’s revenue for the quarter was up 222.7% on a year-over-year basis.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Wednesday, December 6th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Tuesday, December 5th.
A number of institutional investors and hedge funds have recently bought and sold shares of DXC. BlackRock Inc. increased its position in shares of DXC Technology by 1.7% during the 4th quarter. BlackRock Inc. now owns 18,334,186 shares of the company’s stock valued at $1,739,915,000 after purchasing an additional 300,394 shares during the period. Boston Partners increased its position in shares of DXC Technology by 4.4% during the 3rd quarter. Boston Partners now owns 12,688,006 shares of the company’s stock valued at $1,089,645,000 after purchasing an additional 532,468 shares during the period. JPMorgan Chase & Co. increased its position in shares of DXC Technology by 67.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,030,749 shares of the company’s stock valued at $341,768,000 after purchasing an additional 1,619,573 shares during the period. Investec Asset Management LTD increased its position in shares of DXC Technology by 153.8% during the 3rd quarter. Investec Asset Management LTD now owns 3,835,559 shares of the company’s stock valued at $329,398,000 after purchasing an additional 2,324,095 shares during the period. Finally, Janus Henderson Group PLC increased its position in shares of DXC Technology by 27.4% during the 3rd quarter. Janus Henderson Group PLC now owns 3,252,957 shares of the company’s stock valued at $279,377,000 after purchasing an additional 699,026 shares during the period. Hedge funds and other institutional investors own 84.73% of the company’s stock.
The stock has a market cap of $26,220.00 and a PE ratio of 155.80. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.00.
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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