CI Global Investments Inc. trimmed its stake in DXC Technology Company. (NYSE:DXC) by 82.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 237,701 shares of the company’s stock after selling 1,081,262 shares during the period. CI Global Investments Inc. owned 0.08% of DXC Technology Company. worth $20,414,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of DXC Technology Company. by 30,928.2% in the 2nd quarter. Vanguard Group Inc. now owns 20,771,226 shares of the company’s stock worth $1,593,568,000 after purchasing an additional 20,704,283 shares during the period. BlackRock Inc. purchased a new stake in shares of DXC Technology Company. in the 2nd quarter worth about $1,368,006,000. Dodge & Cox purchased a new stake in shares of DXC Technology Company. in the 2nd quarter worth about $1,032,608,000. Boston Partners lifted its position in shares of DXC Technology Company. by 4.4% in the 3rd quarter. Boston Partners now owns 12,688,006 shares of the company’s stock worth $1,089,645,000 after purchasing an additional 532,468 shares during the period. Finally, State Street Corp purchased a new stake in shares of DXC Technology Company. in the 2nd quarter worth about $898,855,000. 85.91% of the stock is owned by hedge funds and other institutional investors.
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In other DXC Technology Company. news, EVP Michael G. Nefkens sold 35,340 shares of the firm’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $92.00, for a total transaction of $3,251,280.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by company insiders.
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Several equities research analysts have recently commented on DXC shares. Zacks Investment Research raised shares of DXC Technology Company. from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research report on Tuesday, October 10th. KeyCorp reaffirmed an “overweight” rating and issued a $99.00 target price (up from $92.00) on shares of DXC Technology Company. in a research report on Monday, October 9th. Jefferies Group LLC raised their target price on shares of DXC Technology Company. from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 24th. Citigroup Inc. raised their target price on shares of DXC Technology Company. from $97.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $104.00 target price (up from $86.00) on shares of DXC Technology Company. in a research report on Wednesday, October 18th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. DXC Technology Company. presently has an average rating of “Buy” and a consensus price target of $99.59.
Shares of DXC Technology Company. (NYSE:DXC) traded up $0.86 during midday trading on Tuesday, reaching $96.80. 1,902,700 shares of the company were exchanged, compared to its average volume of 1,972,724. DXC Technology Company. has a one year low of $67.76 and a one year high of $99.00. The stock has a market cap of $27,368.68, a PE ratio of 17.51, a P/E/G ratio of 1.67 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.00.
DXC Technology Company. (NYSE:DXC) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.40. DXC Technology Company. had a net margin of 1.88% and a return on equity of 17.83%. The company had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.07 billion. DXC Technology Company.’s revenue for the quarter was up 229.4% on a year-over-year basis. research analysts anticipate that DXC Technology Company. will post 7.17 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Wednesday, December 6th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.72 dividend on an annualized basis and a yield of 0.74%. DXC Technology Company.’s dividend payout ratio is currently 122.03%.
DXC Technology Company. 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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