DXC Technology Company. (DXC) Position Raised by Ameriprise Financial Inc.

Ameriprise Financial Inc. increased its position in shares of DXC Technology Company. (NYSE:DXC) by 5.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,313,190 shares of the company’s stock after purchasing an additional 125,774 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.81% of DXC Technology Company. worth $198,663,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Westside Investment Management Inc. increased its position in shares of DXC Technology Company. by 3.4% during the 2nd quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock worth $118,000 after purchasing an additional 50 shares in the last quarter. Seven Eight Capital LP increased its position in shares of DXC Technology Company. by 3.7% during the 2nd quarter. Seven Eight Capital LP now owns 6,195 shares of the company’s stock worth $475,000 after purchasing an additional 219 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of DXC Technology Company. by 1.3% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 46,749 shares of the company’s stock worth $4,015,000 after purchasing an additional 600 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of DXC Technology Company. by 1.4% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 67,348 shares of the company’s stock worth $5,784,000 after purchasing an additional 921 shares in the last quarter. Finally, Advisor Group Inc. increased its position in shares of DXC Technology Company. by 8.4% during the 3rd quarter. Advisor Group Inc. now owns 15,115 shares of the company’s stock worth $1,298,000 after purchasing an additional 1,169 shares in the last quarter. Institutional investors and hedge funds own 83.08% of the company’s stock.

Several equities research analysts have weighed in on DXC shares. Barclays PLC raised their price objective on shares of DXC Technology Company. from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. KeyCorp restated an “overweight” rating and issued a $99.00 price objective (up previously from $92.00) on shares of DXC Technology Company. in a research report on Monday, October 9th. Jefferies Group LLC raised their price objective on shares of DXC Technology Company. from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, August 24th. Cantor Fitzgerald restated a “hold” rating and issued a $79.00 price objective on shares of DXC Technology Company. in a research report on Friday, August 11th. Finally, Citigroup Inc. raised their price objective on shares of DXC Technology Company. from $97.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. DXC Technology Company. has an average rating of “Buy” and a consensus target price of $99.88.

DXC Technology Company. (DXC) traded down $1.23 on Friday, reaching $97.79. 780,300 shares of the company’s stock traded hands, compared to its average volume of 1,935,763. DXC Technology Company. has a 52-week low of $67.76 and a 52-week high of $99.44. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.51. The firm has a market cap of $27,896.43, a PE ratio of 17.84, a PEG ratio of 1.26 and a beta of 1.01.

DXC Technology Company. (NYSE:DXC) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $1.93 EPS for the quarter, topping the consensus estimate 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. The company’s quarterly revenue was up 229.4% on a year-over-year basis. sell-side analysts expect that DXC Technology Company. will post 7.39 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Tuesday, December 5th. DXC Technology Company.’s dividend payout ratio is 122.03%.

In other news, EVP Michael G. Nefkens sold 35,340 shares of DXC Technology Company. stock in a transaction that occurred on 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 link. 1.30% of the stock is owned by insiders.

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

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