Oppenheimer Asset Management Inc. raised its position in DXC Technology Co (NYSE:DXC) by 331.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,104 shares of the company’s stock after purchasing an additional 17,745 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in DXC Technology were worth $2,160,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in DXC Technology by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 902,213 shares of the company’s stock worth $90,699,000 after purchasing an additional 22,332 shares during the last quarter. Brown Advisory Inc. lifted its holdings in DXC Technology by 185.3% in the 1st quarter. Brown Advisory Inc. now owns 6,373 shares of the company’s stock worth $641,000 after purchasing an additional 4,139 shares during the last quarter. Private Trust Co. NA acquired a new stake in DXC Technology in the 2nd quarter worth approximately $272,000. DnB Asset Management AS lifted its holdings in DXC Technology by 1.9% in the 2nd quarter. DnB Asset Management AS now owns 76,468 shares of the company’s stock worth $6,164,000 after purchasing an additional 1,400 shares during the last quarter. Finally, IFM Investors Pty Ltd lifted its holdings in DXC Technology by 46.5% in the 2nd quarter. IFM Investors Pty Ltd now owns 12,912 shares of the company’s stock worth $1,041,000 after purchasing an additional 4,098 shares during the last quarter. 85.18% of the stock is currently owned by institutional investors.
Shares of DXC stock opened at $71.58 on Friday. DXC Technology Co has a 12 month low of $68.59 and a 12 month high of $107.85. The company has a market cap of $19.98 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 1.21 and a beta of 0.96. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95.
DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Tuesday, August 7th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.18. DXC Technology had a return on equity of 18.67% and a net margin of 7.74%. The company had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.32 billion. Equities analysts anticipate that DXC Technology Co will post 8.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, December 5th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, December 4th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.06%. DXC Technology’s payout ratio is 9.57%.
DXC has been the subject of several analyst reports. Zacks Investment Research lowered DXC Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Moffett Nathanson began coverage on DXC Technology in a report on Thursday, October 4th. They set a “buy” rating and a $95.00 price target for the company. ValuEngine lowered DXC Technology from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Cantor Fitzgerald cut their price target on DXC Technology from $97.00 to $87.00 and set a “neutral” rating for the company in a report on Thursday, August 9th. Finally, Cfra reiterated a “buy” rating and set a $105.00 price target on shares of DXC Technology in a report on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $103.13.
In related news, insider John M. Lawrie sold 55,549 shares of the company’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $89.82, for a total value of $4,989,411.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul N. Saleh sold 50,000 shares of the company’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $92.03, for a total value of $4,601,500.00. The disclosure for this sale can be found here. Insiders sold 208,527 shares of company stock valued at $18,989,941 over the last 90 days. 0.65% of the stock is currently owned by corporate insiders.
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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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