Boyd Watterson Asset Management LLC OH purchased a new position in shares of DXC Technology (NYSE:DXC) in the fourth 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.
A number of other large investors have also recently added to or reduced their stakes in the business. Jaffetilchin Investment Partners LLC bought a new position in DXC Technology during the 4th quarter worth $859,000. Chesley Taft & Associates LLC bought a new position in shares of DXC Technology in the fourth quarter worth $1,130,000. Washington Trust Bank increased its position in shares of DXC Technology by 10,252.8% in the fourth quarter. Washington Trust Bank now owns 62,738 shares of the company’s stock worth $5,954,000 after purchasing an additional 62,132 shares during the period. Knightsbridge Asset Management LLC increased its position in shares of DXC Technology by 2.1% in the third quarter. Knightsbridge Asset Management LLC now owns 90,767 shares of the company’s stock worth $7,795,000 after purchasing an additional 1,887 shares during the period. Finally, Jana Partners LLC increased its position in shares of DXC Technology by 45.1% in the third quarter. Jana Partners LLC now owns 2,085,092 shares of the company’s stock worth $179,068,000 after purchasing an additional 647,853 shares during the period. 84.89% of the stock is owned by hedge funds and other institutional investors.
Shares of DXC Technology (NYSE:DXC) opened at $98.89 on Friday. DXC Technology has a 1-year low of $64.06 and a 1-year high of $102.95. The stock has a market capitalization of $28,380.00 and a price-to-earnings ratio of 167.61. 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 announced its quarterly earnings results on Tuesday, November 7th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.40. DXC Technology had a return on equity of 17.83% and a net margin of 1.88%. The business had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.07 billion. The business’s revenue for the quarter was up 229.4% compared to the same quarter last year. analysts forecast that DXC Technology will post 7.52 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Wednesday, December 6th were given a $0.18 dividend. The ex-dividend date was Tuesday, December 5th. This represents a $0.72 annualized dividend and a yield of 0.73%.
A number of research analysts have issued reports on DXC shares. Barclays lifted their target price on DXC Technology from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. KeyCorp reissued an “overweight” rating and set a $99.00 price target (up from $92.00) on shares of DXC Technology in a research note on Monday, October 9th. Cantor Fitzgerald lifted their price target on DXC Technology from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. Zacks Investment Research lowered DXC Technology from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Citigroup lifted their price objective on DXC Technology from $97.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $102.12.
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DXC Technology Company 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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