Rhumbline Advisers decreased its holdings in DXC Technology Company. (NYSE:DXC) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 519,734 shares of the company’s stock after selling 12,584 shares during the period. Rhumbline Advisers owned approximately 0.18% of DXC Technology Company. worth $44,635,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Prudential Financial Inc. bought a new position in shares of DXC Technology Company. in the 2nd quarter valued at $30,415,000. Burney Co. bought a new position in shares of DXC Technology Company. in the 2nd quarter valued at $1,029,000. Creative Planning bought a new position in shares of DXC Technology Company. in the 2nd quarter valued at $850,000. Investec Asset Management PTY Ltd bought a new position in shares of DXC Technology Company. in the 2nd quarter valued at $434,000. Finally, State Street Corp bought a new position in shares of DXC Technology Company. in the 2nd quarter valued at $898,855,000. Institutional investors own 85.91% of the company’s stock.
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In other DXC Technology Company. news, EVP Michael G. Nefkens sold 35,340 shares of DXC Technology Company. stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $92.00, for a total transaction of $3,251,280.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by insiders.
Shares of DXC Technology Company. (NYSE DXC) traded up $0.99 on Thursday, reaching $96.98. The company’s stock had a trading volume of 97,221 shares, compared to its average volume of 1,961,794. The firm has a market cap of $27,380.00 and a P/E ratio of 17.47. DXC Technology Company. has a 52-week low of $67.76 and a 52-week high of $99.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.00 and a quick ratio of 1.00.
DXC Technology Company. (NYSE:DXC) last announced its earnings results on Tuesday, November 7th. The company reported $1.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.40. The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.07 billion. DXC Technology Company. had a return on equity of 17.83% and a net margin of 1.88%. DXC Technology Company.’s revenue was up 229.4% compared to the same quarter last year. equities research analysts forecast that DXC Technology Company. will post 7.39 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Wednesday, December 6th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.74%. The ex-dividend date is Tuesday, December 5th.
Several equities analysts have recently issued reports on DXC shares. Zacks Investment Research lowered DXC Technology Company. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. BMO Capital Markets boosted their price objective on DXC Technology Company. from $94.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, September 15th. KeyCorp upgraded DXC Technology Company. from a “sector weight” rating to an “overweight” rating and set a $93.00 price objective on the stock in a research report on Friday, July 21st. Bank of America Corporation assumed coverage on DXC Technology Company. in a research report on Tuesday, September 12th. They set a “buy” rating and a $101.00 price objective on the stock. Finally, Barclays PLC boosted their price objective on DXC Technology Company. from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $99.59.
About DXC Technology Company.
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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