Gulf International Bank UK Ltd decreased its position in shares of DXC Technology Co (NYSE:DXC) by 30.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,122 shares of the company’s stock after selling 28,024 shares during the quarter. Gulf International Bank UK Ltd’s holdings in DXC Technology were worth $3,409,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA grew its position in shares of DXC Technology by 35.2% during the 4th quarter. Private Trust Co. NA now owns 5,677 shares of the company’s stock worth $301,000 after buying an additional 1,478 shares in the last quarter. Vanguard Group Inc grew its position in shares of DXC Technology by 0.6% during the 3rd quarter. Vanguard Group Inc now owns 20,616,012 shares of the company’s stock worth $1,928,010,000 after buying an additional 122,686 shares in the last quarter. IMS Capital Management bought a new position in shares of DXC Technology during the 3rd quarter worth $36,000. Marshall Wace North America L.P. grew its position in shares of DXC Technology by 2,664.3% during the 3rd quarter. Marshall Wace North America L.P. now owns 124,392 shares of the company’s stock worth $11,633,000 after buying an additional 119,892 shares in the last quarter. Finally, Strategic Wealth Partners Ltd. grew its position in shares of DXC Technology by 3,925.0% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 322 shares of the company’s stock worth $30,000 after buying an additional 314 shares in the last quarter. 85.34% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:DXC opened at $61.08 on Friday. DXC Technology Co has a 52-week low of $49.19 and a 52-week high of $107.85. The stock has a market capitalization of $16.58 billion, a PE ratio of 7.69, a PEG ratio of 1.45 and a beta of 1.35. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.04 and a quick ratio of 1.04.
DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Tuesday, November 6th. The company reported $2.02 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same period last year, the business posted $1.93 earnings per share. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. As a group, equities analysts predict that DXC Technology Co will post 8.16 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, December 5th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Tuesday, December 4th. DXC Technology’s dividend payout ratio is currently 9.57%.
DXC has been the topic of a number of recent research reports. Zacks Investment Research raised DXC Technology from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Tuesday. SunTrust Banks dropped their price target on DXC Technology to $75.00 in a research report on Tuesday, November 13th. Moffett Nathanson started coverage on DXC Technology in a research report on Thursday, October 4th. They set a “buy” rating and a $95.00 price objective on the stock. BMO Capital Markets dropped their price objective on DXC Technology from $110.00 to $95.00 and set an “outperform” rating on the stock in a research report on Friday, November 2nd. Finally, Berenberg Bank dropped their price objective on DXC Technology to $80.00 and set a “hold” rating on the stock in a research report on Friday, November 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. DXC Technology currently has a consensus rating of “Buy” and a consensus price target of $92.31.
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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