Jaffetilchin Investment Partners LLC bought a new stake in DXC Technology (NYSE:DXC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,048 shares of the company’s stock, valued at approximately $859,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in shares of DXC Technology in the 2nd quarter valued at approximately $101,000. Pinebridge Investments L.P. bought a new position in DXC Technology during the 2nd quarter valued at approximately $106,000. Oppenheimer Asset Management Inc. bought a new position in DXC Technology during the 2nd quarter valued at approximately $109,000. Westside Investment Management Inc. increased its position in DXC Technology by 3.4% during the 2nd quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock valued at $118,000 after buying an additional 50 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new position in DXC Technology during the 2nd quarter valued at approximately $147,000. Institutional investors own 84.66% of the company’s stock.
A number of research firms recently weighed in on DXC. KeyCorp raised their price objective on DXC Technology from $107.00 to $116.00 and gave the company an “overweight” rating in a research report on Tuesday. Barclays raised their price objective on DXC Technology from $108.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, November 21st. BMO Capital Markets raised their price objective on DXC Technology from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. SunTrust Banks raised their price objective on DXC Technology to $100.00 and gave the company a “hold” rating in a research report on Monday, November 13th. Finally, Cowen reaffirmed a “hold” rating and set a $96.00 price objective on shares of DXC Technology in a research report on Wednesday, January 3rd. Four 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. The stock has an average rating of “Buy” and a consensus target price of $101.53.
DXC Technology (NYSE:DXC) last posted its earnings results on Tuesday, November 7th. The company reported $1.93 EPS for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.40. The business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.07 billion. DXC Technology had a return on equity of 17.83% and a net margin of 1.88%. The company’s revenue was up 229.4% on a year-over-year basis. sell-side analysts expect that DXC Technology will post 7.51 earnings per share 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 issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, December 5th.
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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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