MetLife Investment Advisors LLC Has $6.76 Million Stake in DXC Technology Co (DXC)

Share on StockTwits

MetLife Investment Advisors LLC lessened its stake in shares of DXC Technology Co (NYSE:DXC) by 2.3% in the 2nd quarter, Holdings Channel reports. The firm owned 83,836 shares of the company’s stock after selling 2,012 shares during the quarter. MetLife Investment Advisors LLC’s holdings in DXC Technology were worth $6,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Summit Trail Advisors LLC raised its stake in shares of DXC Technology by 10,385.3% during the first quarter. Summit Trail Advisors LLC now owns 103,595 shares of the company’s stock worth $104,000 after purchasing an additional 102,607 shares during the last quarter. Fort L.P. purchased a new stake in shares of DXC Technology during the second quarter worth approximately $120,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of DXC Technology by 17,477.8% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,582 shares of the company’s stock worth $128,000 after purchasing an additional 1,573 shares during the last quarter. Signaturefd LLC purchased a new stake in shares of DXC Technology during the first quarter worth approximately $137,000. Finally, Security National Trust Co. purchased a new stake in shares of DXC Technology during the second quarter worth approximately $161,000. Institutional investors and hedge funds own 85.21% of the company’s stock.

NYSE:DXC opened at $92.46 on Friday. The firm has a market capitalization of $25.70 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 1.55 and a beta of 0.96. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. DXC Technology Co has a 1 year low of $77.96 and a 1 year high of $107.85.

DXC Technology (NYSE:DXC) last released its quarterly earnings data on Tuesday, August 7th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.18. The firm had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.32 billion. DXC Technology had a return on equity of 18.67% and a net margin of 7.74%. sell-side analysts anticipate that DXC Technology Co will post 8.15 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 16th. Shareholders of record on Wednesday, September 5th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.82%. The ex-dividend date is Tuesday, September 4th. DXC Technology’s payout ratio is 9.57%.

DXC has been the subject of several analyst reports. Zacks Investment Research upgraded DXC Technology from a “strong sell” rating to a “hold” rating in a research note on Monday, July 23rd. Morgan Stanley cut their price target on DXC Technology from $114.00 to $101.00 and set an “overweight” rating for the company in a research note on Friday, June 1st. JPMorgan Chase & Co. cut their price target on DXC Technology from $114.00 to $98.00 and set an “overweight” rating for the company in a research note on Tuesday, May 29th. Cantor Fitzgerald cut their price target on DXC Technology from $97.00 to $87.00 and set a “neutral” rating for the company in a research note on Thursday, August 9th. Finally, SunTrust Banks cut their price objective on DXC Technology from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, May 30th. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. DXC Technology presently has an average rating of “Buy” and a consensus target price of $104.38.

In other DXC Technology news, insider John M. Lawrie sold 55,549 shares of the company’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $89.82, for a total value of $4,989,411.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Joanne Mason sold 1,726 shares of the company’s stock in a transaction on Tuesday, July 24th. The shares were sold at an average price of $87.74, for a total value of $151,439.24. The disclosure for this sale can be found here. Insiders sold 122,753 shares of company stock valued at $11,063,906 in the last quarter. 0.65% of the stock is currently owned by company insiders.

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).

Recommended Story: What kind of dividend yield to CEF’s pay?

Want to see what other hedge funds are holding DXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DXC Technology Co (NYSE:DXC).

Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)

Receive News & Ratings for DXC Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXC Technology and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply