National Pension Service raised its stake in DXC Technology Co (NYSE:DXC) by 5.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 376,706 shares of the company’s stock after buying an additional 18,704 shares during the quarter. National Pension Service owned approximately 0.15% of DXC Technology worth $11,113,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of DXC. Greenhaven Associates Inc. purchased a new stake in shares of DXC Technology in the second quarter valued at about $3,447,000. Holocene Advisors LP boosted its holdings in DXC Technology by 202.0% in the 2nd quarter. Holocene Advisors LP now owns 24,075 shares of the company’s stock valued at $1,328,000 after purchasing an additional 16,102 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in DXC Technology by 40.6% in the 2nd quarter. Janus Henderson Group PLC now owns 284,690 shares of the company’s stock valued at $15,699,000 after purchasing an additional 82,203 shares during the last quarter. M&T Bank Corp boosted its holdings in DXC Technology by 2.7% in the 2nd quarter. M&T Bank Corp now owns 39,191 shares of the company’s stock valued at $2,162,000 after purchasing an additional 1,034 shares during the last quarter. Finally, Arizona State Retirement System grew its stake in shares of DXC Technology by 64.4% in the 2nd quarter. Arizona State Retirement System now owns 137,718 shares of the company’s stock valued at $7,595,000 after buying an additional 53,942 shares during the period. 89.10% of the stock is owned by institutional investors and hedge funds.
Shares of DXC stock opened at $36.27 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $9.56 billion, a P/E ratio of 4.35, a P/E/G ratio of 1.74 and a beta of 2.02. The firm’s 50 day moving average price is $31.72 and its 200-day moving average price is $41.20. DXC Technology Co has a one year low of $26.02 and a one year high of $69.45.
DXC Technology (NYSE:DXC) last posted its earnings results on Monday, November 11th. The company reported $1.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.44 by ($0.06). DXC Technology had a negative net margin of 6.04% and a positive return on equity of 18.89%. The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.92 billion. During the same quarter last year, the business posted $2.02 EPS. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, research analysts predict that DXC Technology Co will post 5.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.21 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.84 annualized dividend and a dividend yield of 2.32%. DXC Technology’s dividend payout ratio is currently 10.07%.
A number of brokerages have recently issued reports on DXC. Evercore ISI restated a “hold” rating on shares of DXC Technology in a report on Monday, September 16th. TheStreet cut DXC Technology from a “c-” rating to a “d+” rating in a report on Monday, November 11th. ValuEngine upgraded DXC Technology from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research cut DXC Technology from a “hold” rating to a “sell” rating and set a $29.00 target price for the company. in a research note on Thursday, October 17th. Finally, Wells Fargo & Co reduced their target price on DXC Technology from $46.00 to $32.00 and set a “market perform” rating on the stock in a research report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $49.57.
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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