Banco de Sabadell S.A purchased a new position in DXC Technology (NYSE:DXC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 14,590 shares of the company’s stock, valued at approximately $1,384,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in DXC. Nationwide Fund Advisors raised its stake in DXC Technology by 32.9% during the third quarter. Nationwide Fund Advisors now owns 613,656 shares of the company’s stock valued at $52,701,000 after buying an additional 151,792 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in DXC Technology by 17.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 19,453 shares of the company’s stock valued at $1,671,000 after buying an additional 2,958 shares in the last quarter. New York State Common Retirement Fund raised its stake in DXC Technology by 4.9% during the third quarter. New York State Common Retirement Fund now owns 774,902 shares of the company’s stock valued at $66,549,000 after buying an additional 35,890 shares in the last quarter. Commonwealth Equity Services Inc raised its stake in DXC Technology by 18.5% during the third quarter. Commonwealth Equity Services Inc now owns 18,090 shares of the company’s stock valued at $1,553,000 after buying an additional 2,825 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in DXC Technology by 5.7% during the third quarter. Ameriprise Financial Inc. now owns 2,313,190 shares of the company’s stock valued at $198,663,000 after buying an additional 125,774 shares in the last quarter. Hedge funds and other institutional investors own 84.83% of the company’s stock.
Several analysts have issued reports on DXC shares. Morgan Stanley upped their price objective on DXC Technology from $104.00 to $114.00 and gave the company an “overweight” rating in a research note on Monday, February 5th. ValuEngine upgraded DXC Technology from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 10th. Zacks Investment Research cut DXC Technology from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Cowen restated a “hold” rating and set a $96.00 price objective on shares of DXC Technology in a research note on Wednesday, January 3rd. Finally, 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. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $103.33.
DXC Technology stock opened at $106.38 on Thursday. The company has a market capitalization of $30,211.49, a P/E ratio of 34.76, a PEG ratio of 1.28 and a beta of 0.90. DXC Technology has a fifty-two week low of $67.76 and a fifty-two week high of $107.85. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.48.
DXC Technology (NYSE:DXC) last posted its earnings results on Thursday, February 8th. The company reported $2.15 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 during the quarter, compared to analyst estimates of $6.19 billion. The firm’s revenue for the quarter was up 222.7% compared to the same quarter last year. sell-side analysts predict that DXC Technology will post 7.86 EPS for the current fiscal year.
The firm 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 $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Tuesday, March 27th. DXC Technology’s dividend payout ratio (DPR) is 23.53%.
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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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