BT Investment Management Ltd grew its stake in DXC Technology (NYSE:DXC) by 100.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 92,338 shares of the company’s stock after buying an additional 46,299 shares during the quarter. BT Investment Management Ltd’s holdings in DXC Technology were worth $8,763,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in DXC. Investec Asset Management LTD boosted its stake in shares of DXC Technology by 153.8% in the 3rd quarter. Investec Asset Management LTD now owns 3,835,559 shares of the company’s stock valued at $329,398,000 after buying an additional 2,324,095 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of DXC Technology by 67.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,030,749 shares of the company’s stock valued at $341,768,000 after buying an additional 1,619,573 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of DXC Technology in the 3rd quarter valued at about $89,196,000. Janus Henderson Group PLC boosted its stake in shares of DXC Technology by 27.4% in the 3rd quarter. Janus Henderson Group PLC now owns 3,252,957 shares of the company’s stock valued at $279,377,000 after buying an additional 699,026 shares during the period. Finally, Jana Partners LLC boosted its stake in shares of DXC Technology by 45.1% in the 3rd quarter. Jana Partners LLC now owns 2,085,092 shares of the company’s stock valued at $179,068,000 after buying an additional 647,853 shares during the period. Institutional investors and hedge funds own 84.73% of the company’s stock.
Several equities analysts have recently issued reports on DXC shares. Citigroup lifted their price objective on DXC Technology from $97.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Morgan Stanley reiterated an “overweight” rating and issued a $104.00 price objective (up previously from $86.00) on shares of DXC Technology in a research note on Wednesday, October 18th. They noted that the move was a valuation call. Royal Bank of Canada reiterated a “buy” rating and issued a $87.00 price objective on shares of DXC Technology in a research note on Friday, October 13th. SunTrust Banks lifted their price objective on DXC Technology to $100.00 and gave the company a “hold” rating in a research note on Monday, November 13th. Finally, Stifel Nicolaus boosted their target price on DXC Technology from $86.00 to $100.00 and gave the stock a “hold” rating in a research note on Wednesday, November 8th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. DXC Technology currently has a consensus rating of “Buy” and an average price target of $102.71.
DXC Technology (NYSE:DXC) last posted its earnings results on Thursday, February 8th. The company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.16. The firm had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.19 billion. DXC Technology had a return on equity of 17.83% and a net margin of 1.88%. The business’s revenue was up 222.7% on a year-over-year basis. analysts forecast that DXC Technology will post 7.52 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Wednesday, December 6th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.78%. The ex-dividend date was Tuesday, December 5th.
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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