US Bancorp DE boosted its holdings in DXC Technology Co (NYSE:DXC) by 15.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 86,081 shares of the company’s stock after acquiring an additional 11,594 shares during the period. US Bancorp DE’s holdings in DXC Technology were worth $8,050,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Boston Partners grew its stake in DXC Technology by 0.5% in the 2nd quarter. Boston Partners now owns 12,125,367 shares of the company’s stock valued at $977,426,000 after acquiring an additional 59,176 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in DXC Technology by 5.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,123,113 shares of the company’s stock valued at $977,245,000 after acquiring an additional 678,472 shares during the last quarter. FMR LLC grew its stake in DXC Technology by 7.1% in the 2nd quarter. FMR LLC now owns 4,819,523 shares of the company’s stock valued at $388,502,000 after acquiring an additional 319,168 shares during the last quarter. Investec Asset Management LTD grew its stake in DXC Technology by 12.9% in the 2nd quarter. Investec Asset Management LTD now owns 3,147,311 shares of the company’s stock valued at $253,705,000 after acquiring an additional 358,785 shares during the last quarter. Finally, OppenheimerFunds Inc. grew its stake in DXC Technology by 203.6% in the 2nd quarter. OppenheimerFunds Inc. now owns 2,809,907 shares of the company’s stock valued at $226,508,000 after acquiring an additional 1,884,465 shares during the last quarter. 85.40% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on the stock. BMO Capital Markets reaffirmed a “buy” rating on shares of DXC Technology in a research note on Wednesday, October 24th. ValuEngine cut shares of DXC Technology from a “sell” rating to a “strong sell” rating in a research note on Friday, November 2nd. Zacks Investment Research raised shares of DXC Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, August 1st. Cfra reaffirmed a “buy” rating and set a $105.00 price target on shares of DXC Technology in a research note on Thursday, August 2nd. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $70.00 price target on shares of DXC Technology in a research note on Wednesday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $99.87.
In other news, EVP William L. Deckelman, Jr. sold 2,394 shares of the stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $90.02, for a total transaction of $215,507.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John M. Lawrie sold 2,500 shares of the stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $94.15, for a total transaction of $235,375.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 181,158 shares of company stock worth $16,526,731. Insiders own 0.65% of the company’s stock.
Shares of DXC stock opened at $62.00 on Friday. The stock has a market cap of $17.77 billion, a PE ratio of 7.81, a P/E/G ratio of 1.07 and a beta of 1.32. DXC Technology Co has a 1-year low of $60.05 and a 1-year high of $107.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.95 and a current ratio of 1.04.
DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Tuesday, November 6th. The company reported $2.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.06. The business had revenue of $5.01 billion for the quarter, compared to analyst estimates of $5.30 billion. DXC Technology had a net margin of 8.15% and a return on equity of 19.07%. The company’s revenue was down 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.93 EPS. Analysts forecast that DXC Technology Co will post 8.16 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, December 5th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $0.76 annualized dividend and a dividend yield of 1.23%. DXC Technology’s payout ratio is currently 9.57%.
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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).
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