Meadow Creek Investment Management LLC lifted its holdings in shares of DXC Technology (NYSE:DXC) by 28.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,496 shares of the company’s stock after buying an additional 14,896 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in DXC Technology were worth $6,311,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of DXC. Nationwide Fund Advisors increased its holdings in shares of DXC Technology by 32.9% in the third quarter. Nationwide Fund Advisors now owns 613,656 shares of the company’s stock valued at $52,701,000 after purchasing an additional 151,792 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of DXC Technology by 17.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 19,453 shares of the company’s stock valued at $1,671,000 after acquiring an additional 2,958 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of DXC Technology by 4.9% in the third quarter. New York State Common Retirement Fund now owns 774,902 shares of the company’s stock valued at $66,549,000 after acquiring an additional 35,890 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of DXC Technology by 20.9% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 244,726 shares of the company’s stock valued at $21,017,000 after acquiring an additional 42,276 shares in the last quarter. Finally, Advisor Group Inc. grew its stake in shares of DXC Technology by 8.4% in the third quarter. Advisor Group Inc. now owns 15,115 shares of the company’s stock valued at $1,298,000 after acquiring an additional 1,169 shares in the last quarter. Institutional investors own 84.87% of the company’s stock.
A number of equities research analysts have issued reports on the stock. ValuEngine downgraded shares of DXC Technology from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. JPMorgan Chase raised their price objective on shares of DXC Technology to $114.00 and gave the company an “overweight” rating in a report on Thursday. BMO Capital Markets reissued a “buy” rating on shares of DXC Technology in a research report on Friday, February 23rd. Cowen reissued a “hold” rating and set a $96.00 target price on shares of DXC Technology in a research report on Wednesday, January 3rd. Finally, Deutsche Bank raised their price objective 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. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. DXC Technology currently has a consensus rating of “Buy” and a consensus price target of $104.67.
Shares of DXC stock opened at $99.76 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.48. DXC Technology has a fifty-two week low of $73.51 and a fifty-two week high of $107.85. The company has a market capitalization of $28,985.89, a price-to-earnings ratio of 32.18, a P/E/G ratio of 1.07 and a beta of 0.92.
DXC Technology (NYSE:DXC) last announced its earnings results on Thursday, February 8th. The company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.16. DXC Technology had a return on equity of 17.97% and a net margin of 5.18%. The company had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.19 billion. The company’s quarterly revenue was up 222.7% on a year-over-year basis. equities analysts predict that DXC Technology will post 7.86 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Stockholders of record on Wednesday, March 28th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, March 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.72%. DXC Technology’s dividend payout ratio is currently 23.23%.
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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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