AMP Capital Investors Ltd Increases Holdings in DXC Technology (DXC)
AMP Capital Investors Ltd raised its position in shares of DXC Technology (NYSE:DXC) by 7.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 188,372 shares of the company’s stock after buying an additional 13,723 shares during the quarter. AMP Capital Investors Ltd owned about 0.07% of DXC Technology worth $16,179,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. raised its stake in DXC Technology by 5.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 38,503 shares of the company’s stock valued at $3,306,000 after buying an additional 1,977 shares in the last quarter. Citizens Financial Group Inc. RI raised its position in shares of DXC Technology by 68.2% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 2,172 shares of the company’s stock worth $187,000 after purchasing an additional 881 shares during the period. Invictus RG raised its position in shares of DXC Technology by 60.3% during the 3rd quarter. Invictus RG now owns 7,893 shares of the company’s stock worth $678,000 after purchasing an additional 2,969 shares during the period. Stifel Financial Corp raised its position in shares of DXC Technology by 11.3% during the 3rd quarter. Stifel Financial Corp now owns 113,266 shares of the company’s stock worth $9,731,000 after purchasing an additional 11,517 shares during the period. Finally, Pinebridge Investments L.P. raised its position in shares of DXC Technology by 1,067.5% during the 3rd quarter. Pinebridge Investments L.P. now owns 16,205 shares of the company’s stock worth $1,391,000 after purchasing an additional 14,817 shares during the period. Hedge funds and other institutional investors own 84.76% of the company’s stock.
Shares of DXC Technology (NYSE:DXC) opened at $95.93 on Friday. DXC Technology 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 current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $27,365.86, a P/E ratio of 17.51, a P/E/G ratio of 1.23 and a beta of 1.04.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Wednesday, December 6th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Tuesday, December 5th. DXC Technology’s dividend payout ratio is currently 122.03%.
A number of brokerages have recently weighed in on DXC. Barclays increased their price target on DXC Technology from $108.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 21st. SunTrust Banks increased their price target on DXC Technology to $100.00 and gave the stock a “hold” rating in a research report on Monday, November 13th. BMO Capital Markets increased their price target on DXC Technology from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. Stifel Nicolaus increased their price target on DXC Technology from $86.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $93.00 price target on shares of DXC Technology in a research report on Wednesday, November 8th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $99.88.
In related news, EVP Michael G. Nefkens sold 35,340 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $92.00, for a total value of $3,251,280.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.30% of the stock is owned by company insiders.
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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.
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