Boyd Watterson Asset Management LLC OH purchased a new stake in shares of DXC Technology (NYSE:DXC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,240 shares of the company’s stock, valued at approximately $402,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in DXC Technology in the 2nd quarter worth approximately $101,000. Pinebridge Investments L.P. purchased a new stake in DXC Technology in the 2nd quarter worth approximately $106,000. Oppenheimer Asset Management Inc. purchased a new stake in DXC Technology in the 2nd quarter worth approximately $109,000. Westside Investment Management Inc. increased its holdings in DXC Technology by 3.4% in the 2nd quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock worth $118,000 after acquiring an additional 50 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in DXC Technology in the 2nd quarter worth approximately $147,000. 84.68% of the stock is owned by hedge funds and other institutional investors.
DXC Technology (DXC) traded down $0.14 during mid-day trading on Thursday, reaching $100.48. The company’s stock had a trading volume of 1,360,000 shares, compared to its average volume of 1,390,000. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.51. The company has a market cap of $28,700.00 and a P/E ratio of 170.53. DXC Technology has a 1-year low of $64.06 and a 1-year high of $102.95.
DXC Technology (NYSE:DXC) last posted its earnings results on Tuesday, November 7th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.40. The firm had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.07 billion. DXC Technology had a return on equity of 17.83% and a net margin of 1.88%. The firm’s quarterly revenue was up 229.4% compared to the same quarter last year. equities analysts predict that DXC Technology will post 7.52 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Wednesday, December 6th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.72%.
Several equities research analysts recently issued reports on the stock. BMO Capital Markets increased their target price on shares of DXC Technology from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. Zacks Investment Research raised shares of DXC Technology from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a report on Tuesday, October 10th. SunTrust Banks increased their target price on shares of DXC Technology to $100.00 and gave the stock a “hold” rating in a report on Monday, November 13th. KeyCorp increased their target price on shares of DXC Technology from $107.00 to $116.00 and gave the stock an “overweight” rating in a report on Tuesday, January 9th. Finally, Evercore ISI started coverage on DXC Technology in a research note on Tuesday, October 17th. They issued an “outperform” rating and a $115.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $102.12.
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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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