Rothschild & Co. Asset Management US Inc. purchased a new stake in shares of DXC Technology Co (NYSE:DXC) during the 1st quarter, HoldingsChannel reports. The fund purchased 200,489 shares of the company’s stock, valued at approximately $12,893,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can boosted its stake in DXC Technology by 5.8% in the first quarter. Great West Life Assurance Co. Can now owns 1,069,866 shares of the company’s stock valued at $68,539,000 after acquiring an additional 58,698 shares during the last quarter. Commerce Bank raised its holdings in DXC Technology by 1.7% in the first quarter. Commerce Bank now owns 10,287 shares of the company’s stock worth $661,000 after purchasing an additional 172 shares during the period. US Bancorp DE raised its holdings in DXC Technology by 5.8% in the first quarter. US Bancorp DE now owns 94,402 shares of the company’s stock worth $6,071,000 after purchasing an additional 5,197 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in DXC Technology by 38,112.5% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 3,057 shares of the company’s stock worth $196,000 after purchasing an additional 3,049 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in DXC Technology by 53.7% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 118,182 shares of the company’s stock worth $7,600,000 after purchasing an additional 41,289 shares during the period. 83.74% of the stock is currently owned by institutional investors and hedge funds.
Shares of DXC Technology stock opened at $53.08 on Friday. The stock has a market capitalization of $14.24 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 twelve month low of $49.19 and a twelve month high of $100.87.
DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Thursday, May 23rd. The company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.12. The company had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.30 billion. DXC Technology had a net margin of 7.09% and a return on equity of 19.78%. The firm’s revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.28 EPS. As a group, equities research analysts expect that DXC Technology Co will post 8.25 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Wednesday, June 5th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.58%. This is a positive change from DXC Technology’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, June 4th. DXC Technology’s payout ratio is presently 9.57%.
Several equities research analysts have weighed in on the stock. Wells Fargo & Co cut their target price on shares of DXC Technology from $72.00 to $55.00 and set a “market perform” rating on the stock in a report on Friday. TheStreet lowered shares of DXC Technology from a “b-” rating to a “c+” rating in a report on Thursday. Zacks Investment Research lowered shares of DXC Technology from a “buy” rating to a “hold” rating in a report on Wednesday. BMO Capital Markets dropped their price objective on shares of DXC Technology from $88.00 to $70.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, KeyCorp dropped their price objective on shares of DXC Technology from $97.00 to $88.00 and set an “overweight” rating on the stock in a report on Monday, May 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. DXC Technology has an average rating of “Buy” and an average target price of $82.33.
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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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