People s United Financial Inc. grew its position in shares of DXC Technology Co (NYSE:DXC) by 4.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 33,025 shares of the company’s stock after acquiring an additional 1,403 shares during the quarter. People s United Financial Inc.’s holdings in DXC Technology were worth $3,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in DXC. Acadian Asset Management LLC boosted its position in shares of DXC Technology by 2,070.6% during the 2nd quarter. Acadian Asset Management LLC now owns 7,814 shares of the company’s stock worth $630,000 after purchasing an additional 7,454 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of DXC Technology by 37.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 19,809 shares of the company’s stock valued at $1,597,000 after buying an additional 5,377 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of DXC Technology by 17,477.8% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,582 shares of the company’s stock valued at $128,000 after buying an additional 1,573 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of DXC Technology by 43.9% in the 2nd quarter. Wells Fargo & Company MN now owns 1,045,305 shares of the company’s stock valued at $84,262,000 after buying an additional 318,936 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in shares of DXC Technology by 27.8% in the 2nd quarter. D.A. Davidson & CO. now owns 2,985 shares of the company’s stock valued at $241,000 after buying an additional 650 shares during the last quarter. 85.45% of the stock is currently owned by institutional investors.
NYSE DXC opened at $62.03 on Thursday. DXC Technology Co has a 52-week low of $57.59 and a 52-week high of $107.85. The company has a market capitalization of $17.38 billion, a PE ratio of 7.81, a P/E/G ratio of 1.33 and a beta of 1.27. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.46.
DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Tuesday, November 6th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.96 by $0.06. DXC Technology had a return on equity of 19.07% and a net margin of 8.15%. The company had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $5.30 billion. During the same quarter last year, the company posted $1.93 earnings per share. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. Sell-side analysts predict that DXC Technology Co will post 8.16 EPS 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 given a $0.19 dividend. The ex-dividend date is Tuesday, December 4th. This represents a $0.76 annualized dividend and a yield of 1.23%. DXC Technology’s dividend payout ratio (DPR) is currently 9.57%.
DXC has been the topic of several analyst reports. Moffett Nathanson initiated coverage on shares of DXC Technology in a report on Thursday, October 4th. They issued a “buy” rating and a $95.00 target price on the stock. Zacks Investment Research cut shares of DXC Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Cantor Fitzgerald cut their target price on shares of DXC Technology from $97.00 to $87.00 and set a “neutral” rating for the company in a research report on Thursday, August 9th. Royal Bank of Canada reissued a “buy” rating and issued a $103.00 price objective on shares of DXC Technology in a research report on Wednesday, August 8th. Finally, BMO Capital Markets cut their price objective on shares of DXC Technology from $113.00 to $110.00 and set an “outperform” rating for the company in a research report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $95.71.
In other DXC Technology news, CFO Paul N. Saleh sold 4,322 shares of DXC Technology stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $90.02, for a total transaction of $389,066.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John M. Lawrie sold 30,000 shares of DXC Technology stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $92.37, for a total value of $2,771,100.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 117,500 shares of company stock valued at $10,807,348. 0.65% of the stock is owned by company insiders.
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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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
Further Reading: Hedge Funds
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