Stephens Inc. AR acquired a new stake in shares of DXC Technology (NYSE:DXC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,054 shares of the company’s stock, valued at approximately $1,636,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in DXC. Vanguard Group Inc. raised its position in shares of DXC Technology by 30,928.2% during the 2nd quarter. Vanguard Group Inc. now owns 20,771,226 shares of the company’s stock worth $1,593,568,000 after purchasing an additional 20,704,283 shares during the period. BlackRock Inc. acquired a new stake in shares of DXC Technology during the 2nd quarter worth approximately $1,368,006,000. Dodge & Cox acquired a new stake in shares of DXC Technology during the 2nd quarter worth approximately $1,032,608,000. Boston Partners raised 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 worth $1,089,645,000 after purchasing an additional 532,468 shares during the period. Finally, State Street Corp acquired a new stake in shares of DXC Technology during the 2nd quarter worth approximately $898,855,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.
In related news, EVP Michael G. Nefkens sold 35,340 shares of DXC Technology stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $92.00, for a total transaction of $3,251,280.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.
Several analysts recently commented on DXC shares. Barclays raised their target price on DXC Technology from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. KeyCorp reaffirmed an “overweight” rating and set a $99.00 price target (up from $92.00) on shares of DXC Technology in a research note on Monday, October 9th. Jefferies Group increased their price target on DXC Technology from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, August 24th. Cantor Fitzgerald reissued a “hold” rating and set a $79.00 price objective on shares of DXC Technology in a research note on Friday, August 11th. Finally, Citigroup raised their price objective on DXC Technology from $97.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. DXC Technology has an average rating of “Buy” and an average price target of $99.88.
DXC Technology (NYSE:DXC) traded up $1.27 during midday trading on Thursday, reaching $94.65. The company’s stock had a trading volume of 1,516,789 shares, compared to its average volume of 1,913,997. DXC Technology has a one year low of $67.76 and a one year 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 $26,492.91, a price-to-earnings ratio of 16.95, a P/E/G ratio of 1.19 and a beta of 1.04.
DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.40. The company had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.07 billion. DXC Technology had a return on equity of 17.83% and a net margin of 1.88%. The firm’s quarterly revenue was up 229.4% on a year-over-year basis. analysts forecast that DXC Technology will post 7.45 earnings per share for the current fiscal year.
The firm also recently declared 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. This represents a $0.72 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Tuesday, December 5th. DXC Technology’s dividend payout ratio is currently 122.03%.
DXC Technology Company 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 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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