Capital International Investors reduced its position in shares of DXC Technology (NYSE:DXC) by 56.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,409 shares of the company’s stock after selling 132,721 shares during the period. Capital International Investors’ holdings in DXC Technology were worth $8,709,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in DXC. Advisory Services Network LLC acquired a new stake in DXC Technology during the 2nd quarter worth $101,000. Hanson McClain Inc. acquired a new stake in DXC Technology during the 2nd quarter worth $105,000. Pinebridge Investments L.P. acquired a new stake in DXC Technology during the 2nd quarter worth $106,000. Oppenheimer Asset Management Inc. acquired a new stake in DXC Technology during the 2nd quarter worth $109,000. Finally, Westside Investment Management Inc. raised its stake in DXC Technology by 3.4% during the 2nd quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock worth $118,000 after acquiring an additional 50 shares in the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.
DXC Technology (NYSE DXC) opened at $95.77 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.51. The company has a market cap of $27,365.83, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.23 and a beta of 1.04. DXC Technology has a one year low of $67.76 and a one year high of $99.44.
DXC Technology (NYSE:DXC) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.40. The company had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.07 billion. DXC Technology had a net margin of 1.88% and a return on equity of 17.83%. DXC Technology’s quarterly revenue was up 229.4% on a year-over-year basis. equities research analysts anticipate that DXC Technology will post 7.45 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Wednesday, December 6th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.72 dividend on an annualized basis and a yield of 0.75%. DXC Technology’s dividend payout ratio is presently 122.03%.
DXC has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of DXC Technology from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research note on Tuesday, October 10th. Jefferies Group lifted their price target on shares of DXC Technology from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, August 24th. KeyCorp reiterated 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. Citigroup lifted their price target on shares of DXC Technology from $97.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $104.00 price target (up from $86.00) on shares of DXC Technology in a research note on Wednesday, October 18th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $99.88.
In other DXC Technology news, EVP Michael G. Nefkens sold 35,340 shares of DXC Technology stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $92.00, for a total value of $3,251,280.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.30% of the company’s stock.
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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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