New York State Common Retirement Fund Increases Stake in DXC Technology Company. (DXC)

New York State Common Retirement Fund boosted its position in shares of DXC Technology Company. (NYSE:DXC) by 4.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 774,902 shares of the company’s stock after acquiring an additional 35,890 shares during the quarter. New York State Common Retirement Fund owned 0.27% of DXC Technology worth $66,549,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Boston Partners raised its position in DXC Technology by 4.4% during the third quarter. Boston Partners now owns 12,688,006 shares of the company’s stock worth $1,089,645,000 after acquiring an additional 532,468 shares in the last quarter. Wesbanco Bank Inc. bought a new stake in DXC Technology during the third quarter worth $3,221,000. Prudential Financial Inc. raised its position in DXC Technology by 0.5% during the third quarter. Prudential Financial Inc. now owns 398,426 shares of the company’s stock worth $34,217,000 after acquiring an additional 1,990 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in DXC Technology during the third quarter worth $5,738,000. Finally, American Century Companies Inc. raised its position in DXC Technology by 16.2% during the third quarter. American Century Companies Inc. now owns 2,876,889 shares of the company’s stock worth $247,067,000 after acquiring an additional 400,250 shares in the last quarter. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

DXC Technology Company. (DXC) opened at $95.58 on Monday. 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. has a one year low of $67.76 and a one year high of $99.44. The company has a market cap of $27,265.98, a PE ratio of 17.44, a P/E/G ratio of 1.23 and a beta of 1.04.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Tuesday, November 7th. The company reported $1.93 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.07 billion. DXC Technology’s revenue for the quarter was up 229.4% compared to the same quarter last year. research analysts anticipate 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. Investors of record on Wednesday, December 6th will be paid a $0.18 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $0.72 annualized dividend and a dividend yield of 0.75%. DXC Technology’s dividend payout ratio (DPR) is presently 122.03%.

In related news, EVP Michael G. Nefkens sold 35,340 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $92.00, for a total value of $3,251,280.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.

DXC has been the topic of several research reports. Zacks Investment Research upgraded shares of DXC Technology from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a report on Friday, October 20th. BMO Capital Markets upped their price objective on shares of DXC Technology from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, September 15th. Citigroup upped their price objective on shares of DXC Technology to $107.00 in a report on Wednesday, November 8th. KeyCorp reiterated a “buy” rating and issued a $92.00 price objective on shares of DXC Technology in a report on Friday, September 8th. Finally, Bank of America initiated coverage on shares of DXC Technology in a report on Tuesday, September 12th. They issued a “buy” rating and a $101.00 price objective on the stock. Four 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 has a consensus rating of “Buy” and an average price target of $99.88.

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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 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 (NYSE:DXC)

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