Quantbot Technologies LP Purchases New Stake in DXC Technology Company. (DXC)
Quantbot Technologies LP purchased a new stake in DXC Technology Company. (NYSE:DXC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 33,612 shares of the company’s stock, valued at approximately $2,886,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in DXC Technology Company. in the 2nd quarter valued at $101,000. Hanson McClain Inc. acquired a new stake in DXC Technology Company. in the 2nd quarter valued at $105,000. Pinebridge Investments L.P. acquired a new stake in DXC Technology Company. in the 2nd quarter valued at $106,000. Oppenheimer Asset Management Inc. acquired a new stake in DXC Technology Company. in the 2nd quarter valued at $109,000. Finally, Westside Investment Management Inc. grew its position in DXC Technology Company. by 3.4% in the 2nd quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock valued at $118,000 after purchasing an additional 50 shares during the period. 85.91% of the stock is owned by institutional investors and hedge funds.
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Shares of DXC Technology Company. (DXC) traded down $0.50 on Friday, hitting $96.83. The stock had a trading volume of 369,507 shares, compared to its average volume of 1,710,000. DXC Technology Company. has a 12-month low of $64.06 and a 12-month high of $99.00. The company has a market capitalization of $27,760.00 and a PE ratio of 17.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.00.
DXC Technology Company. (NYSE:DXC) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $1.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.40. DXC Technology Company. had a return on equity of 17.83% and a net margin of 1.88%. The firm had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.07 billion. The firm’s quarterly revenue was up 229.4% on a year-over-year basis. equities analysts expect that DXC Technology Company. will post 7.39 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Wednesday, December 6th will be issued 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 is Tuesday, December 5th.
In other news, EVP Michael G. Nefkens sold 35,340 shares of the business’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $92.00, for a total transaction of $3,251,280.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is currently owned by insiders.
A number of research firms have issued reports on DXC. Cowen and Company reaffirmed a “hold” rating and set a $77.00 price objective on shares of DXC Technology Company. in a report on Thursday, August 10th. SunTrust Banks, Inc. boosted their price target on shares of DXC Technology Company. to $100.00 and gave the stock a “hold” rating in a report on Monday. Royal Bank Of Canada boosted their price target on shares of DXC Technology Company. from $87.00 to $99.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. Stifel Nicolaus boosted their price target on shares of DXC Technology Company. from $86.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 8th. Finally, TheStreet upgraded DXC Technology Company. from a “c” rating to a “b” rating in a research note on Tuesday, August 8th. Four investment 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 company. The company presently has a consensus rating of “Buy” and an average target price of $99.59.
About DXC Technology Company.
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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