Westport Asset Management Inc. raised its holdings in shares of DXC Technology (NYSE:DXC) by 28.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 45,000 shares of the company’s stock after acquiring an additional 10,000 shares during the quarter. DXC Technology accounts for about 2.9% of Westport Asset Management Inc.’s investment portfolio, making the stock its 11th largest holding. Westport Asset Management Inc.’s holdings in DXC Technology were worth $3,865,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in DXC. Investec Asset Management LTD lifted its position in DXC Technology by 153.8% during the third quarter. Investec Asset Management LTD now owns 3,835,559 shares of the company’s stock valued at $329,398,000 after buying an additional 2,324,095 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in DXC Technology by 319,135.0% during the fourth quarter. UBS Asset Management Americas Inc. now owns 2,049,489 shares of the company’s stock valued at $194,497,000 after buying an additional 2,048,847 shares in the last quarter. JPMorgan Chase & Co. lifted its position in DXC Technology by 67.2% during the third quarter. JPMorgan Chase & Co. now owns 4,030,749 shares of the company’s stock valued at $341,768,000 after buying an additional 1,619,573 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of DXC Technology by 27.4% during the third quarter. Janus Henderson Group PLC now owns 3,252,957 shares of the company’s stock worth $279,377,000 after purchasing an additional 699,026 shares in the last quarter. Finally, Jana Partners LLC lifted its position in shares of DXC Technology by 45.1% during 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 in the last quarter. 84.83% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DXC Technology stock opened at $105.28 on Thursday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.48. The stock has a market cap of $30,657.17, a price-to-earnings ratio of 34.31, a P/E/G ratio of 1.30 and a beta of 0.90. DXC Technology has a 12 month low of $67.76 and a 12 month high of $107.85.
DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Thursday, February 8th. The company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.16. The business had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.19 billion. DXC Technology had a net margin of 5.18% and a return on equity of 17.97%. The company’s revenue for the quarter was up 222.7% on a year-over-year basis. analysts expect that DXC Technology will post 7.86 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Wednesday, March 28th will be paid a $0.18 dividend. The ex-dividend date is Tuesday, March 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.68%. DXC Technology’s dividend payout ratio (DPR) is presently 23.53%.
A number of research analysts have recently commented on the stock. ValuEngine raised shares of DXC Technology from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 10th. BMO Capital Markets reissued a “buy” rating on shares of DXC Technology in a research report on Friday, February 23rd. Zacks Investment Research raised shares of DXC Technology from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research report on Tuesday, February 13th. Deutsche Bank boosted their target price on shares of DXC Technology from $90.00 to $100.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, Morgan Stanley boosted their target price on shares of DXC Technology from $104.00 to $114.00 and gave the stock an “overweight” rating in a research report on Monday, February 5th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $103.33.
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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 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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