CIBC World Markets Inc. decreased its stake in shares of DXC Technology (NYSE:DXC) by 76.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 26,067 shares of the company’s stock after selling 86,693 shares during the period. CIBC World Markets Inc.’s holdings in DXC Technology were worth $2,621,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in DXC. Massachusetts Financial Services Co. MA boosted its holdings in shares of DXC Technology by 12.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 11,444,641 shares of the company’s stock worth $1,150,530,000 after buying an additional 1,292,715 shares during the period. Carillon Tower Advisers Inc. boosted its holdings in shares of DXC Technology by 378.6% during the 1st quarter. Carillon Tower Advisers Inc. now owns 1,261,650 shares of the company’s stock worth $126,754,000 after buying an additional 998,057 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of DXC Technology by 11.7% during the 1st quarter. JPMorgan Chase & Co. now owns 6,478,853 shares of the company’s stock worth $651,318,000 after buying an additional 680,612 shares during the period. Millennium Management LLC boosted its holdings in shares of DXC Technology by 76.4% during the 4th quarter. Millennium Management LLC now owns 1,411,526 shares of the company’s stock worth $133,954,000 after buying an additional 611,366 shares during the period. Finally, Mackay Shields LLC bought a new stake in shares of DXC Technology during the 1st quarter worth about $38,216,000. 83.43% of the stock is owned by institutional investors and hedge funds.
DXC has been the subject of several research analyst reports. Citigroup lifted their target price on shares of DXC Technology to $126.00 and gave the stock a “top pick” rating in a report on Thursday, April 12th. ValuEngine cut shares of DXC Technology from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 3rd. JPMorgan Chase & Co. lifted their price objective on shares of DXC Technology to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, April 5th. Zacks Investment Research cut shares of DXC Technology from a “buy” rating to a “hold” rating in a research note on Thursday, May 24th. Finally, KeyCorp lifted their price objective on shares of DXC Technology from $116.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, May 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. DXC Technology currently has a consensus rating of “Buy” and an average price target of $105.59.
Shares of DXC Technology opened at $80.85 on Monday, MarketBeat reports. The company has a market capitalization of $23.09 billion, a PE ratio of 10.18, a PEG ratio of 0.96 and a beta of 0.92. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.46. DXC Technology has a 12 month low of $75.64 and a 12 month high of $107.85.
DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, May 24th. The company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.22 by $0.06. The company had revenue of $6.29 billion during the quarter, compared to analysts’ expectations of $6.12 billion. DXC Technology had a net margin of 7.13% and a return on equity of 17.74%. The firm’s revenue was up 233.2% compared to the same quarter last year. research analysts expect that DXC Technology will post 8.07 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 17th. Stockholders of record on Wednesday, June 6th will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, June 5th. This is a boost from DXC Technology’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 0.94%. DXC Technology’s payout ratio is presently 9.57%.
DXC Technology 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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