Pointe Capital Management LLC purchased a new position in shares of DXC Technology (NYSE:DXC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,792 shares of the company’s stock, valued at approximately $265,000.
Other large investors have also recently made changes to their positions in the company. Advisory Services Network LLC purchased a new stake in DXC Technology in the 2nd quarter valued at approximately $101,000. Pinebridge Investments L.P. purchased a new stake in DXC Technology in the 2nd quarter valued at approximately $106,000. Oppenheimer Asset Management Inc. purchased a new stake in DXC Technology in the 2nd quarter valued at approximately $109,000. Westside Investment Management Inc. lifted its stake in DXC Technology by 3.4% in the 2nd quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock valued at $118,000 after buying an additional 50 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in DXC Technology in the 2nd quarter valued at approximately $147,000. 84.66% of the stock is currently owned by institutional investors and hedge funds.
DXC has been the topic of a number of recent research reports. Zacks Investment Research raised DXC Technology from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research note on Tuesday, October 10th. KeyCorp reaffirmed an “overweight” rating and issued a $99.00 target price (up previously from $92.00) on shares of DXC Technology in a research note on Monday, October 9th. Citigroup upped their target price on DXC Technology from $97.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Morgan Stanley reaffirmed an “overweight” rating and issued a $104.00 target price (up previously 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. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $87.00 target price on shares of DXC Technology in a research note on Friday, October 13th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $101.53.
DXC Technology (DXC) opened at $101.29 on Friday. DXC Technology has a 52 week low of $64.06 and a 52 week high of $102.71. The firm has a market capitalization of $28,837.81, a price-to-earnings ratio of 171.68, a price-to-earnings-growth ratio of 1.28 and a beta of 1.05. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51.
DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.40. DXC Technology had a return on equity of 17.83% and a net margin of 1.88%. The company had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.07 billion. The company’s quarterly revenue was up 229.4% on a year-over-year basis. sell-side analysts expect that DXC Technology will post 7.52 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Wednesday, December 6th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, December 5th. DXC Technology’s dividend payout ratio is presently 122.03%.
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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 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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