Achmea Investment Management B.V. trimmed its holdings in shares of DXC Technology Co (NYSE:DXC) by 8.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,947 shares of the company’s stock after selling 5,078 shares during the quarter. Achmea Investment Management B.V.’s holdings in DXC Technology were worth $5,416,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Boston Partners grew its holdings in DXC Technology by 0.5% during the second quarter. Boston Partners now owns 12,125,367 shares of the company’s stock valued at $977,426,000 after purchasing an additional 59,176 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in DXC Technology by 5.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,123,113 shares of the company’s stock valued at $977,245,000 after purchasing an additional 678,472 shares during the period. FMR LLC grew its holdings in DXC Technology by 7.1% during the second quarter. FMR LLC now owns 4,819,523 shares of the company’s stock valued at $388,502,000 after purchasing an additional 319,168 shares during the period. Investec Asset Management LTD grew its holdings in DXC Technology by 12.9% during the second quarter. Investec Asset Management LTD now owns 3,147,311 shares of the company’s stock valued at $253,705,000 after purchasing an additional 358,785 shares during the period. Finally, OppenheimerFunds Inc. grew its holdings in DXC Technology by 203.6% during the second quarter. OppenheimerFunds Inc. now owns 2,809,907 shares of the company’s stock valued at $226,508,000 after purchasing an additional 1,884,465 shares during the period. 85.40% of the stock is owned by institutional investors.
In other news, insider John M. Lawrie sold 5,000 shares of the firm’s stock in a transaction on Friday, September 28th. The stock was sold at an average price of $93.90, for a total value of $469,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul N. Saleh sold 50,000 shares of the firm’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $92.03, for a total value of $4,601,500.00. The disclosure for this sale can be found here. Insiders sold 181,158 shares of company stock valued at $16,526,731 over the last ninety days. Corporate insiders own 0.65% of the company’s stock.
DXC Technology stock opened at $62.00 on Friday. DXC Technology Co has a one year low of $60.05 and a one year high of $107.85. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $20.30 billion, a PE ratio of 7.81, a P/E/G ratio of 1.23 and a beta of 1.32.
DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Tuesday, November 6th. The company reported $2.02 EPS for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.06. DXC Technology had a return on equity of 18.66% and a net margin of 8.15%. The firm had revenue of $5.01 billion during the quarter, compared to analyst estimates of $5.30 billion. During the same period last year, the company earned $1.93 earnings per share. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. Analysts anticipate that DXC Technology Co will post 8.16 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, December 5th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Tuesday, December 4th. DXC Technology’s payout ratio is currently 9.57%.
DXC has been the subject of several research reports. Zacks Investment Research raised DXC Technology from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a report on Tuesday, August 21st. Moffett Nathanson initiated coverage on DXC Technology in a report on Thursday, October 4th. They set a “buy” rating and a $95.00 price objective for the company. ValuEngine lowered DXC Technology from a “sell” rating to a “strong sell” rating in a report on Friday, November 2nd. KeyCorp increased their price objective on DXC Technology from $109.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, August 8th. Finally, BMO Capital Markets reduced their price objective on DXC Technology from $110.00 to $95.00 and set an “outperform” rating for the company in a report on Friday, November 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. DXC Technology currently has a consensus rating of “Buy” and an average price target of $99.87.
ILLEGAL ACTIVITY WARNING: “DXC Technology Co (DXC) Shares Sold by Achmea Investment Management B.V.” was originally published by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2018/11/10/dxc-technology-co-dxc-shares-sold-by-achmea-investment-management-b-v.html.
About DXC Technology
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
Featured Article: Discount Rate
Receive News & Ratings for DXC Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXC Technology and related companies with MarketBeat.com's FREE daily email newsletter.