DXC Technology Company. (DXC) Stake Increased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its position in DXC Technology Company. (NYSE:DXC) by 13.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 649,130 shares of the company’s stock after acquiring an additional 75,761 shares during the period. Russell Investments Group Ltd. owned approximately 0.23% of DXC Technology Company. worth $55,749,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of DXC Technology Company. by 1.0% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 970,421 shares of the company’s stock worth $83,340,000 after acquiring an additional 9,734 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of DXC Technology Company. by 1.4% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 67,348 shares of the company’s stock valued at $5,784,000 after purchasing an additional 921 shares during the period. Signature Estate & Investment Advisors LLC acquired a new stake in shares of DXC Technology Company. in the third quarter valued at about $1,972,000. Comerica Bank acquired a new stake in shares of DXC Technology Company. in the third quarter valued at about $14,246,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of DXC Technology Company. by 9.4% in the third quarter. Bank of New York Mellon Corp now owns 2,729,008 shares of the company’s stock valued at $234,366,000 after purchasing an additional 234,594 shares during the period. Institutional investors own 85.91% of the company’s stock.

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Several analysts recently commented on the stock. SunTrust Banks, Inc. raised their price objective on shares of DXC Technology Company. to $100.00 and gave the company a “hold” rating in a research note on Monday, November 13th. Barclays PLC raised their price objective on shares of DXC Technology Company. from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, November 8th. BMO Capital Markets raised their price objective on shares of DXC Technology Company. from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. Stifel Nicolaus raised their price objective on shares of DXC Technology Company. from $86.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 8th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $93.00 price objective on shares of DXC Technology Company. in a research note on Wednesday, November 8th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. DXC Technology Company. currently has a consensus rating of “Buy” and an average price target of $99.59.

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 shares were sold at an average price of $92.00, for a total transaction of $3,251,280.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

DXC Technology Company. (NYSE DXC) opened at $96.90 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. The stock has a market cap of $27,642.57, a PE ratio of 17.68, a price-to-earnings-growth ratio of 1.25 and a beta of 1.01. DXC Technology Company. has a 52-week low of $67.76 and a 52-week high of $99.00.

DXC Technology Company. (NYSE:DXC) last announced its earnings results on Tuesday, November 7th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.40. The company had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.07 billion. DXC Technology Company. had a net margin of 1.88% and a return on equity of 17.83%. The company’s revenue was up 229.4% on a year-over-year basis. equities analysts expect that DXC Technology Company. will post 7.39 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Wednesday, December 6th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Tuesday, December 5th. DXC Technology Company.’s 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.

Institutional Ownership by Quarter for DXC Technology Company. (NYSE:DXC)

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