Jane Street Group LLC purchased a new stake in shares of DXC Technology (NYSE:DXC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,943 shares of the company’s stock, valued at approximately $339,000.
Other hedge funds have also recently made changes to their positions in the company. Prudential Financial Inc. acquired a new stake in shares of DXC Technology during the second quarter worth about $30,415,000. Burney Co. acquired a new stake in shares of DXC Technology during the second quarter worth about $1,029,000. Investec Asset Management PTY Ltd purchased a new stake in shares of DXC Technology during the second quarter worth approximately $434,000. Ameritas Investment Partners Inc. purchased a new stake in shares of DXC Technology during the second quarter worth approximately $502,000. Finally, State Street Corp purchased a new stake in shares of DXC Technology during the second quarter worth approximately $898,855,000. 84.66% of the stock is currently owned by hedge funds and other institutional investors.
DXC Technology (DXC) traded down $0.14 during trading on Thursday, reaching $101.09. The company had a trading volume of 1,218,900 shares, compared to its average volume of 1,388,835. The stock has a market cap of $28,880.00 and a PE ratio of 170.08. DXC Technology has a 1 year low of $67.76 and a 1 year high of $102.71. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51.
DXC Technology (NYSE:DXC) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.40. The firm had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.07 billion. DXC Technology had a return on equity of 17.83% and a net margin of 1.88%. The company’s quarterly revenue was up 229.4% on a year-over-year basis. equities research analysts predict that DXC Technology will post 7.51 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Wednesday, December 6th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, December 5th.
A number of analysts recently weighed in on the stock. BMO Capital Markets upped their target price on shares of DXC Technology from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. Zacks Investment Research upgraded shares of DXC Technology from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research note on Tuesday, October 10th. SunTrust Banks raised their target price on shares of DXC Technology to $100.00 and gave the stock a “hold” rating in a research report on Monday, November 13th. KeyCorp raised their target price on shares of DXC Technology from $107.00 to $116.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Evercore ISI assumed coverage on DXC Technology in a report on Tuesday, October 17th. They set an “outperform” rating and a $115.00 price target for the company. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $101.53.
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DXC Technology 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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