Cypress Capital Group grew its stake in DXC Technology (NYSE:DXC) by 12.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,854 shares of the company’s stock after buying an additional 2,300 shares during the period. Cypress Capital Group’s holdings in DXC Technology were worth $1,791,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of DXC. Advisory Services Network LLC purchased a new position in shares of DXC Technology in the second quarter worth $101,000. Hanson McClain Inc. purchased a new position in shares of DXC Technology during the second quarter worth $105,000. Pinebridge Investments L.P. purchased a new position in shares of DXC Technology during the second quarter worth $106,000. Oppenheimer Asset Management Inc. purchased a new position in shares of DXC Technology during the second quarter worth $109,000. Finally, Westside Investment Management Inc. raised its holdings in shares of DXC Technology by 3.4% during the second quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock worth $118,000 after purchasing an additional 50 shares during the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Michael G. Nefkens sold 35,340 shares of DXC Technology 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.30% of the stock is owned by company insiders.

Several research analysts recently issued reports on the stock. Cantor Fitzgerald raised their target price on shares of DXC Technology from $79.00 to $87.00 and gave the stock a “neutral” rating in a report on Friday, October 13th. Cowen reissued a “hold” rating and set a $85.00 target price on shares of DXC Technology in a report on Thursday, October 12th. KeyCorp reissued an “overweight” rating and set a $99.00 target price (up previously from $92.00) on shares of DXC Technology in a report on Monday, October 9th. Zacks Investment Research raised shares of DXC Technology from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a report on Tuesday, October 10th. Finally, BMO Capital Markets raised their target price on shares of DXC Technology from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, October 12th. Four research 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 company. DXC Technology currently has a consensus rating of “Buy” and a consensus target price of $99.88.

Shares of DXC Technology (NYSE DXC) opened at $94.79 on Wednesday. The company has a market cap of $27,320.18, a price-to-earnings ratio of 17.48, a P/E/G ratio of 1.22 and a beta of 1.04. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. DXC Technology has a 52-week low of $67.76 and a 52-week high of $99.44.

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. The company had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.07 billion. DXC Technology had a net margin of 1.88% and a return on equity of 17.83%. The company’s quarterly revenue was up 229.4% on a year-over-year basis. equities analysts expect that DXC Technology will post 7.45 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Wednesday, December 6th will be given a $0.18 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $0.72 annualized dividend and a dividend yield of 0.76%. DXC Technology’s dividend payout ratio (DPR) is 122.03%.

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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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Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)

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