Livforsakringsbolaget Skandia Omsesidigt lessened its stake in shares of DXC Technology (NYSE:DXC) by 14.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 7,631 shares of the company’s stock after selling 1,300 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in DXC Technology were worth $725,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. Westside Investment Management Inc. grew its holdings in DXC Technology by 3.4% during the second quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock valued at $118,000 after purchasing an additional 50 shares during the period. ETRADE Capital Management LLC grew its holdings in DXC Technology by 11.8% during the third quarter. ETRADE Capital Management LLC now owns 5,061 shares of the company’s stock valued at $435,000 after purchasing an additional 535 shares during the period. Mn Services Vermogensbeheer B.V. grew its holdings in DXC Technology by 1.3% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 46,749 shares of the company’s stock valued at $4,015,000 after purchasing an additional 600 shares during the period. Fagan Associates Inc. grew its holdings in DXC Technology by 13.5% during the third quarter. Fagan Associates Inc. now owns 6,229 shares of the company’s stock valued at $535,000 after purchasing an additional 739 shares during the period. Finally, Hartford Investment Management Co. grew its holdings in DXC Technology by 1.2% during the third quarter. Hartford Investment Management Co. now owns 66,018 shares of the company’s stock valued at $5,670,000 after purchasing an additional 781 shares during the period. 84.75% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently weighed in on the company. Citigroup upped their price objective on DXC Technology to $107.00 in a research note on Wednesday, November 8th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $87.00 price objective on shares of DXC Technology in a research note on Friday, October 13th. Zacks Investment Research raised DXC Technology from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Tuesday, October 10th. Cowen reaffirmed a “hold” rating and issued a $85.00 price objective on shares of DXC Technology in a research note on Thursday, October 12th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $93.00 price objective on shares of DXC Technology in a research note on Wednesday, November 8th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $102.12.
DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.40. DXC Technology had a return on equity of 17.83% and a net margin of 1.88%. The company had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.07 billion. DXC Technology’s revenue was up 229.4% on a year-over-year basis. equities analysts anticipate that DXC Technology will post 7.52 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Wednesday, December 6th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Tuesday, December 5th. DXC Technology’s payout ratio is presently 122.03%.
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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 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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