CIBC Asset Management Inc trimmed its position in shares of DXC Technology Company. (NYSE:DXC) by 7.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,036 shares of the company’s stock after selling 2,263 shares during the quarter. CIBC Asset Management Inc’s holdings in DXC Technology Company. were worth $2,494,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of DXC. Vanguard Group Inc. boosted its stake in DXC Technology Company. by 30,928.2% during the second quarter. Vanguard Group Inc. now owns 20,771,226 shares of the company’s stock worth $1,593,568,000 after buying an additional 20,704,283 shares during the period. BlackRock Inc. purchased a new stake in shares of DXC Technology Company. during the second quarter valued at $1,368,006,000. Dodge & Cox purchased a new stake in shares of DXC Technology Company. during the second quarter valued at $1,032,608,000. Boston Partners purchased a new stake in shares of DXC Technology Company. during the second quarter valued at $932,573,000. Finally, State Street Corp purchased a new stake in shares of DXC Technology Company. during the second quarter valued at $898,855,000. 85.91% of the stock is owned by institutional investors.
DXC has been the subject of a number of recent analyst reports. Citigroup Inc. boosted their target price on shares of DXC Technology Company. to $107.00 in a research note on Wednesday, November 8th. TheStreet raised shares of DXC Technology Company. from a “c” rating to a “b” rating in a research note on Tuesday, August 8th. Bank of America Corporation assumed coverage on shares of DXC Technology Company. in a research note on Tuesday, September 12th. They issued a “buy” rating and a $101.00 price objective for the company. KeyCorp reaffirmed a “buy” rating and issued a $92.00 price objective on shares of DXC Technology Company. in a research note on Friday, September 8th. Finally, Jefferies Group LLC upped their price objective on shares of DXC Technology Company. from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, August 24th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $99.59.
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In other DXC Technology Company. news, EVP Michael G. Nefkens sold 35,340 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $92.00, for a total value of $3,251,280.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.
DXC Technology Company. (NYSE:DXC) opened at $97.32 on Friday. DXC Technology Company. has a fifty-two week low of $67.76 and a fifty-two week high of $99.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $27,382.94, a P/E ratio of 17.52, a P/E/G ratio of 1.24 and a beta of 1.01.
DXC Technology Company. (NYSE:DXC) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $1.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.40. DXC Technology Company. had a net margin of 1.88% and a return on equity of 17.83%. The company had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.07 billion. The company’s revenue for the quarter was up 229.4% on a year-over-year basis. analysts expect that DXC Technology Company. will post 7.39 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Wednesday, December 6th will be given a $0.18 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $0.72 annualized dividend and a yield of 0.74%. DXC Technology Company.’s dividend payout ratio is presently 122.03%.
About DXC Technology Company.
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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