Bowling Portfolio Management LLC reduced its holdings in shares of DXC Technology Co (NYSE:DXC) by 61.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,133 shares of the company’s stock after selling 34,944 shares during the period. Bowling Portfolio Management LLC’s holdings in DXC Technology were worth $2,070,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of DXC. OppenheimerFunds Inc. boosted its position in shares of DXC Technology by 203.6% during the 2nd quarter. OppenheimerFunds Inc. now owns 2,809,907 shares of the company’s stock valued at $226,508,000 after acquiring an additional 1,884,465 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of DXC Technology by 1,424.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,687,338 shares of the company’s stock valued at $136,016,000 after acquiring an additional 1,576,638 shares in the last quarter. Natixis boosted its position in shares of DXC Technology by 548.4% during the 2nd quarter. Natixis now owns 1,779,865 shares of the company’s stock valued at $143,475,000 after acquiring an additional 1,505,379 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of DXC Technology during the 2nd quarter valued at about $84,760,000. Finally, Bank of Montreal Can boosted its position in shares of DXC Technology by 84.8% during the 2nd quarter. Bank of Montreal Can now owns 1,874,682 shares of the company’s stock valued at $151,117,000 after acquiring an additional 860,140 shares in the last quarter. Institutional investors and hedge funds own 85.16% of the company’s stock.
In other DXC Technology news, EVP Joanne Mason sold 1,726 shares of the business’s stock in a transaction dated Tuesday, July 24th. The shares were sold at an average price of $87.74, for a total value of $151,439.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP William L. Deckelman, Jr. sold 8,084 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $90.00, for a total transaction of $727,560.00. The disclosure for this sale can be found here. Insiders have sold a total of 210,253 shares of company stock valued at $19,141,381 over the last three months. 0.65% of the stock is currently owned by insiders.
DXC has been the topic of several recent research reports. Zacks Investment Research lowered shares of DXC Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Cantor Fitzgerald decreased their target price on shares of DXC Technology from $97.00 to $87.00 and set a “neutral” rating on the stock in a research report on Thursday, August 9th. Cfra reiterated a “buy” rating and set a $105.00 target price on shares of DXC Technology in a research report on Thursday, August 2nd. Moffett Nathanson initiated coverage on shares of DXC Technology in a research report on Thursday, October 4th. They set a “buy” rating and a $95.00 target price on the stock. Finally, BMO Capital Markets decreased their target price on shares of DXC Technology from $113.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $103.13.
Shares of DXC stock opened at $88.41 on Friday. DXC Technology Co has a 12-month low of $77.96 and a 12-month high of $107.85. The stock has a market cap of $26.29 billion, a P/E ratio of 11.11, a PEG ratio of 1.59 and a beta of 0.96. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40.
DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Tuesday, August 7th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.18. DXC Technology had a net margin of 7.74% and a return on equity of 18.67%. The firm had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.32 billion. On average, equities research analysts expect that DXC Technology Co will post 8.15 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, December 5th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Tuesday, December 4th. DXC Technology’s dividend payout ratio is currently 9.57%.
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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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