Nissay Asset Management Corp Japan ADV grew its holdings in shares of DXC Technology Co (NYSE:DXC) by 8.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,966 shares of the company’s stock after purchasing an additional 3,345 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in DXC Technology were worth $4,018,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of DXC. ELM Advisors LLC purchased a new stake in shares of DXC Technology during the 3rd quarter valued at $105,000. Truvestments Capital LLC purchased a new stake in shares of DXC Technology during the 3rd quarter valued at $117,000. Fort L.P. purchased a new stake in shares of DXC Technology during the 2nd quarter valued at $120,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of DXC Technology by 17,477.8% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,582 shares of the company’s stock valued at $128,000 after purchasing an additional 1,573 shares during the last quarter. Finally, Legacy Financial Advisors Inc. lifted its holdings in shares of DXC Technology by 111.8% during the 3rd quarter. Legacy Financial Advisors Inc. now owns 1,413 shares of the company’s stock valued at $132,000 after purchasing an additional 746 shares during the last quarter. Hedge funds and other institutional investors own 85.18% of the company’s stock.
Several analysts have recently commented on DXC shares. Zacks Investment Research upgraded DXC Technology from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a report on Tuesday, August 21st. Moffett Nathanson assumed coverage on DXC Technology in a research note on Thursday, October 4th. They issued a “buy” rating and a $95.00 target price for the company. KeyCorp raised their target price on DXC Technology from $109.00 to $111.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 8th. ValuEngine upgraded DXC Technology from a “sell” rating to a “hold” rating in a research note on Thursday, July 12th. Finally, Morgan Stanley raised their target price on DXC Technology from $101.00 to $103.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. DXC Technology has an average rating of “Buy” and a consensus price target of $102.19.
Shares of DXC stock opened at $70.63 on Friday. The firm has a market capitalization of $20.48 billion, a P/E ratio of 8.90, a PEG ratio of 1.24 and a beta of 1.32. 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 Co has a 1 year low of $68.59 and a 1 year high of $107.85.
DXC Technology (NYSE:DXC) last issued its earnings results on Tuesday, August 7th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.18. The company had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.32 billion. DXC Technology had a return on equity of 18.67% and a net margin of 7.74%. Analysts forecast that DXC Technology Co will post 8.12 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, December 5th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.08%. The ex-dividend date is Tuesday, December 4th. DXC Technology’s dividend payout ratio is currently 9.57%.
In other DXC Technology news, insider John M. Lawrie sold 55,549 shares of the stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $89.82, for a total transaction of $4,989,411.18. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Paul N. Saleh sold 19,285 shares of the stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $90.00, for a total value of $1,735,650.00. The disclosure for this sale can be found here. Insiders have sold a total of 208,527 shares of company stock worth $18,989,941 over the last ninety days. 0.65% of the stock is owned by insiders.
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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