AMP Capital Investors Ltd Decreases Stake in DXC Technology Co (DXC)

AMP Capital Investors Ltd lowered its position in shares of DXC Technology Co (NYSE:DXC) by 2.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 173,262 shares of the company’s stock after selling 4,048 shares during the quarter. AMP Capital Investors Ltd owned about 0.06% of DXC Technology worth $16,241,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Daiwa SB Investments Ltd. grew its holdings in shares of DXC Technology by 25.3% during the 3rd quarter. Daiwa SB Investments Ltd. now owns 2,820 shares of the company’s stock worth $264,000 after purchasing an additional 570 shares during the period. Horan Capital Advisors LLC. boosted its holdings in DXC Technology by 2.8% in the 2nd quarter. Horan Capital Advisors LLC. now owns 22,208 shares of the company’s stock worth $1,790,000 after acquiring an additional 607 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in DXC Technology by 29.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,676 shares of the company’s stock worth $216,000 after acquiring an additional 615 shares during the period. D.A. Davidson & CO. boosted its holdings in DXC Technology by 27.8% in the 2nd quarter. D.A. Davidson & CO. now owns 2,985 shares of the company’s stock worth $241,000 after acquiring an additional 650 shares during the period. Finally, BB&T Securities LLC boosted its holdings in DXC Technology by 6.1% in the 2nd quarter. BB&T Securities LLC now owns 11,444 shares of the company’s stock worth $922,000 after acquiring an additional 655 shares during the period. Institutional investors and hedge funds own 84.48% of the company’s stock.

A number of equities analysts have weighed in on DXC shares. Zacks Investment Research upgraded DXC Technology from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Tuesday, August 21st. Moffett Nathanson started coverage on DXC Technology in a report on Thursday, October 4th. They issued a “buy” rating and a $95.00 price target for the company. Cowen upgraded DXC Technology from a “market perform” rating to an “outperform” rating in a report on Monday, November 26th. Berenberg Bank decreased their price target on DXC Technology to $80.00 and set a “hold” rating for the company in a report on Friday, November 9th. Finally, ValuEngine cut DXC Technology from a “sell” rating to a “strong sell” rating in a report on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $95.71.

DXC Technology stock opened at $63.04 on Monday. The company has a market cap of $17.66 billion, a PE ratio of 7.94, a price-to-earnings-growth ratio of 1.35 and a beta of 1.32. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.04 and a quick ratio of 1.04. DXC Technology Co has a 52 week low of $57.59 and a 52 week high of $107.85.

DXC Technology (NYSE:DXC) last released its earnings results on Tuesday, November 6th. The company reported $2.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.06. The company had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $5.30 billion. DXC Technology had a return on equity of 19.07% and a net margin of 8.15%. The business’s revenue was down 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.93 EPS. As a group, analysts forecast that DXC Technology Co will post 8.16 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, December 5th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, December 4th. DXC Technology’s dividend payout ratio (DPR) is currently 9.57%.

In other news, CFO Paul N. Saleh sold 25,678 shares of the stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $91.16, for a total transaction of $2,340,806.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John M. Lawrie sold 2,500 shares of the stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $94.15, for a total value of $235,375.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 117,500 shares of company stock valued at $10,807,348. Company insiders own 0.65% of the company’s stock.

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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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Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)

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