World Asset Management Inc increased its holdings in shares of DXC Technology Co (NYSE:DXC) by 10.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,424 shares of the company’s stock after acquiring an additional 1,736 shares during the period. World Asset Management Inc’s holdings in DXC Technology were worth $1,185,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Teachers Advisors LLC increased its holdings in DXC Technology by 2.3% in the 3rd quarter. Teachers Advisors LLC now owns 1,710,048 shares of the company’s stock valued at $159,924,000 after purchasing an additional 39,031 shares during the last quarter. Standard Life Aberdeen plc increased its holdings in DXC Technology by 2.8% in the 3rd quarter. Standard Life Aberdeen plc now owns 464,743 shares of the company’s stock valued at $43,471,000 after purchasing an additional 12,461 shares during the last quarter. Legal & General Group Plc increased its holdings in DXC Technology by 6.7% in the 3rd quarter. Legal & General Group Plc now owns 1,457,609 shares of the company’s stock valued at $136,360,000 after purchasing an additional 91,635 shares during the last quarter. Morgan Stanley increased its holdings in DXC Technology by 11.2% in the 3rd quarter. Morgan Stanley now owns 689,488 shares of the company’s stock valued at $64,481,000 after purchasing an additional 69,607 shares during the last quarter. Finally, Strategic Wealth Partners Ltd. increased its holdings in DXC Technology by 3,925.0% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 322 shares of the company’s stock valued at $30,000 after purchasing an additional 314 shares during the last quarter. Hedge funds and other institutional investors own 83.74% of the company’s stock.
Several research firms recently weighed in on DXC. Wells Fargo & Co dropped their target price on shares of DXC Technology from $72.00 to $55.00 and set a “market perform” rating for the company in a report on Friday. Zacks Investment Research downgraded shares of DXC Technology from a “buy” rating to a “hold” rating in a report on Wednesday. BMO Capital Markets dropped their target price on shares of DXC Technology from $88.00 to $70.00 and set an “outperform” rating for the company in a report on Tuesday. KeyCorp dropped their target price on shares of DXC Technology from $97.00 to $88.00 and set an “overweight” rating for the company in a report on Monday. Finally, Goldman Sachs Group downgraded shares of DXC Technology from a “conviction-buy” rating to a “buy” rating in a report on Monday, April 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $82.33.
Shares of NYSE:DXC traded up $1.10 during trading on Friday, hitting $53.08. The company’s stock had a trading volume of 7,864,462 shares, compared to its average volume of 1,774,294. The company has a market cap of $14.82 billion, a price-to-earnings ratio of 6.69, a price-to-earnings-growth ratio of 0.91 and a beta of 1.51. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. DXC Technology Co has a fifty-two week low of $49.19 and a fifty-two week high of $100.87.
DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Thursday, May 23rd. The company reported $2.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.07 by $0.12. The business had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.30 billion. DXC Technology had a net margin of 7.09% and a return on equity of 19.78%. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.28 earnings per share. On average, analysts expect that DXC Technology Co will post 8.25 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Wednesday, June 5th will be paid a $0.21 dividend. This is an increase from DXC Technology’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $0.84 annualized dividend and a dividend yield of 1.58%. DXC Technology’s payout ratio is 9.57%.
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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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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