Schwab Charles Investment Management Inc. Has $74.29 Million Position in DXC Technology Company. (DXC)

Schwab Charles Investment Management Inc. reduced its position in shares of DXC Technology Company. (NYSE:DXC) by 27.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 865,072 shares of the company’s stock after selling 321,226 shares during the period. Schwab Charles Investment Management Inc. owned about 0.30% of DXC Technology worth $74,293,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in DXC Technology by 1.1% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 572,639 shares of the company’s stock valued at $49,178,000 after purchasing an additional 6,234 shares during the last quarter. Investec Asset Management LTD lifted its holdings in DXC Technology by 153.8% during the 3rd quarter. Investec Asset Management LTD now owns 3,835,559 shares of the company’s stock valued at $329,398,000 after purchasing an additional 2,324,095 shares during the last quarter. Investec Asset Management North America Inc. lifted its holdings in DXC Technology by 1,062.0% during the 3rd quarter. Investec Asset Management North America Inc. now owns 140,350 shares of the company’s stock valued at $12,053,000 after purchasing an additional 128,272 shares during the last quarter. Investec Asset Management PTY Ltd lifted its holdings in DXC Technology by 189.7% during the 3rd quarter. Investec Asset Management PTY Ltd now owns 16,216 shares of the company’s stock valued at $1,381,000 after purchasing an additional 10,619 shares during the last quarter. Finally, Zeke Capital Advisors LLC bought a new position in DXC Technology during the 3rd quarter valued at about $395,000. 84.75% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Michael G. Nefkens sold 35,340 shares of DXC Technology 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.

Shares of DXC Technology Company. (NYSE DXC) opened at $95.58 on Friday. DXC Technology Company. has a 1 year low of $67.76 and a 1 year high of $99.44. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $27,266.01, a P/E ratio of 17.44, a PEG ratio of 1.23 and a beta of 1.04.

DXC Technology (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 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. research analysts expect that DXC Technology Company. will post 7.39 earnings per share for the current 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 0.75%. The ex-dividend date of this dividend is Tuesday, December 5th. DXC Technology’s dividend payout ratio is 122.03%.

DXC has been the subject of a number of research analyst reports. Barclays boosted their target price on shares of DXC Technology from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. KeyCorp reaffirmed an “overweight” rating and issued a $99.00 target price (up from $92.00) on shares of DXC Technology in a research note on Monday, October 9th. Jefferies Group boosted their target price on shares of DXC Technology from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, August 24th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $79.00 target price on shares of DXC Technology in a research note on Friday, August 11th. Finally, Citigroup boosted their target price on shares of DXC Technology from $97.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. 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 stock. The company currently has a consensus rating of “Buy” and an average price target of $99.88.

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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 (NYSE:DXC)

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