MetLife Investment Advisors LLC bought a new position in shares of DXC Technology (NYSE:DXC) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 88,264 shares of the company’s stock, valued at approximately $8,376,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Investec Asset Management LTD increased its stake in DXC Technology by 153.8% during the 3rd quarter. Investec Asset Management LTD now owns 3,835,559 shares of the company’s stock worth $329,398,000 after acquiring an additional 2,324,095 shares during the period. UBS Asset Management Americas Inc. increased its stake in DXC Technology by 319,135.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 2,049,489 shares of the company’s stock worth $194,497,000 after acquiring an additional 2,048,847 shares during the period. JPMorgan Chase & Co. increased its stake in DXC Technology by 67.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,030,749 shares of the company’s stock worth $341,768,000 after acquiring an additional 1,619,573 shares during the period. Janus Henderson Group PLC increased its stake in DXC Technology by 27.4% during the 3rd quarter. Janus Henderson Group PLC now owns 3,252,957 shares of the company’s stock worth $279,377,000 after acquiring an additional 699,026 shares during the period. Finally, Jana Partners LLC increased its stake in DXC Technology by 45.1% during the 3rd quarter. Jana Partners LLC now owns 2,085,092 shares of the company’s stock worth $179,068,000 after acquiring an additional 647,853 shares during the period. Institutional investors own 84.83% of the company’s stock.
DXC Technology stock opened at $106.38 on Thursday. DXC Technology has a 52 week low of $67.76 and a 52 week high of $107.85. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $30,657.17, a price-to-earnings ratio of 34.76, a PEG ratio of 1.30 and a beta of 0.90.
DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Thursday, February 8th. The company reported $2.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.16. DXC Technology had a return on equity of 17.97% and a net margin of 5.18%. The company had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.19 billion. The company’s revenue was up 222.7% on a year-over-year basis. sell-side analysts expect that DXC Technology will post 7.86 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Wednesday, March 28th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Tuesday, March 27th. DXC Technology’s dividend payout ratio (DPR) is 23.53%.
DXC has been the topic of a number of recent research reports. Deutsche Bank raised their price objective on DXC Technology from $90.00 to $100.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Citigroup restated a “buy” rating and set a $117.00 price objective (up previously from $107.00) on shares of DXC Technology in a research note on Thursday, January 18th. KeyCorp raised their price objective on DXC Technology from $107.00 to $116.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 9th. ValuEngine upgraded DXC Technology from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 10th. Finally, BMO Capital Markets raised their price objective on DXC Technology from $110.00 to $117.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. DXC Technology currently has an average rating of “Buy” and a consensus target price of $103.33.
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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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