Robeco Institutional Asset Management B.V. raised its position in DXC Technology Company. (NYSE:DXC) by 3.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 49,620 shares of the company’s stock after acquiring an additional 1,797 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in DXC Technology Company. were worth $4,264,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in DXC Technology Company. by 30,928.2% in the second quarter. Vanguard Group Inc. now owns 20,771,226 shares of the company’s stock valued at $1,593,568,000 after acquiring an additional 20,704,283 shares in the last quarter. BlackRock Inc. acquired a new stake in DXC Technology Company. in the 2nd quarter valued at about $1,368,006,000. Dodge & Cox acquired a new stake in DXC Technology Company. in the 2nd quarter valued at about $1,032,608,000. Boston Partners acquired a new stake in DXC Technology Company. in the 2nd quarter valued at about $932,573,000. Finally, State Street Corp purchased a new stake in DXC Technology Company. during the second quarter valued at about $898,855,000. Hedge funds and other institutional investors own 85.91% of the company’s stock.
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In other news, EVP Michael G. Nefkens sold 35,340 shares of the firm’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $92.00, for a total transaction of $3,251,280.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.
A number of analysts have recently issued reports on the stock. TheStreet raised shares of DXC Technology Company. from a “c” rating to a “b” rating in a research report on Tuesday, August 8th. Stifel Nicolaus reissued a “hold” rating and issued a $86.00 price objective on shares of DXC Technology Company. in a research report on Thursday, August 10th. Cowen and Company reissued a “hold” rating and set a $77.00 price objective on shares of DXC Technology Company. in a report on Thursday, August 10th. KeyCorp upgraded DXC Technology Company. from a “sector weight” rating to an “overweight” rating and set a $93.00 price objective for the company in a research report on Friday, July 21st. Finally, SunTrust Banks, Inc. lifted their price objective on DXC Technology Company. to $100.00 and gave the company a “hold” rating in a report on Monday. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $99.59.
DXC Technology Company. (NYSE:DXC) traded up $0.86 during mid-day trading on Tuesday, reaching $96.80. The company had a trading volume of 1,902,700 shares, compared to its average volume of 1,972,724. The company has a market cap of $27,610.00 and a PE ratio of 17.51. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.00 and a quick ratio of 1.00. DXC Technology Company. has a fifty-two week low of $67.76 and a fifty-two week high of $99.00.
DXC Technology Company. (NYSE:DXC) last released its quarterly earnings results on Tuesday, November 7th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.40. DXC Technology Company. had a return on equity of 17.83% and a net margin of 1.88%. The firm had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.07 billion. The firm’s revenue was up 229.4% compared to the same quarter last year. analysts predict that DXC Technology Company. will post 7.17 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Wednesday, December 6th will be paid a $0.18 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $0.72 dividend on an annualized basis and a yield of 0.74%.
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 two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.
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