Everence Capital Management Inc. grew its position in DXC Technology Co (NYSE:DXC) by 146.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,550 shares of the company’s stock after purchasing an additional 12,810 shares during the period. Everence Capital Management Inc.’s holdings in DXC Technology were worth $636,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Cerebellum GP LLC boosted its stake in shares of DXC Technology by 125.0% in the 3rd quarter. Cerebellum GP LLC now owns 15,100 shares of the company’s stock valued at $445,000 after purchasing an additional 8,388 shares in the last quarter. Alpha Windward LLC boosted its stake in shares of DXC Technology by 11.8% in the 3rd quarter. Alpha Windward LLC now owns 4,381 shares of the company’s stock valued at $129,000 after purchasing an additional 464 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of DXC Technology by 118.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 143,886 shares of the company’s stock valued at $4,244,000 after purchasing an additional 78,131 shares in the last quarter. Atria Investments LLC boosted its stake in shares of DXC Technology by 23.0% in the 2nd quarter. Atria Investments LLC now owns 18,832 shares of the company’s stock valued at $620,000 after purchasing an additional 3,516 shares in the last quarter. Finally, Nomura Holdings Inc. lifted its position in DXC Technology by 109.6% during the 2nd quarter. Nomura Holdings Inc. now owns 334,900 shares of the company’s stock worth $18,742,000 after buying an additional 175,100 shares in the last quarter. Institutional investors own 86.84% of the company’s stock.
Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of DXC Technology from $45.00 to $44.00 and set an “overweight” rating on the stock in a research report on Monday. Stifel Nicolaus reduced their price target on shares of DXC Technology from $46.00 to $37.00 and set a “hold” rating on the stock in a research report on Wednesday, August 28th. Zacks Investment Research downgraded shares of DXC Technology from a “hold” rating to a “sell” rating and set a $36.00 price target on the stock. in a research report on Tuesday, August 13th. Evercore ISI reiterated a “hold” rating on shares of DXC Technology in a research report on Monday, September 16th. Finally, Cfra reiterated a “hold” rating on shares of DXC Technology in a research report on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $57.38.
NYSE DXC traded up $0.07 on Wednesday, hitting $26.40. 71,136 shares of the company were exchanged, compared to its average volume of 3,158,415. The firm has a 50 day moving average of $31.81 and a two-hundred day moving average of $49.98. The company has a market cap of $7.14 billion, a P/E ratio of 3.17, a P/E/G ratio of 0.95 and a beta of 1.92. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.80. DXC Technology Co has a 1-year low of $26.02 and a 1-year high of $90.39.
DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.71 by $0.03. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.86 billion. DXC Technology had a return on equity of 19.57% and a net margin of 5.70%. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.93 EPS. Research analysts anticipate that DXC Technology Co will post 7.3 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, September 4th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.84 annualized dividend and a yield of 3.18%. DXC Technology’s dividend payout ratio is currently 10.07%.
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).
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