DXC Technology (DXC) Shares Bought by Neuberger Berman Group LLC
Neuberger Berman Group LLC boosted its position in DXC Technology (NYSE:DXC) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 169,964 shares of the company’s stock after buying an additional 1,245 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.06% of DXC Technology worth $14,597,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Advisory Services Network LLC bought a new stake in DXC Technology in the second quarter valued at about $101,000. Pinebridge Investments L.P. bought a new position in shares of DXC Technology during the second quarter valued at approximately $106,000. Oppenheimer Asset Management Inc. bought a new position in shares of DXC Technology during the second quarter valued at approximately $109,000. Westside Investment Management Inc. grew 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 valued at $118,000 after purchasing an additional 50 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of DXC Technology during the second quarter valued at approximately $128,000. 84.66% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on the company. Cowen reaffirmed a “hold” rating and set a $85.00 target price on shares of DXC Technology in a report on Thursday, October 12th. KeyCorp reaffirmed a “buy” rating and set a $92.00 target price on shares of DXC Technology in a report on Friday, September 8th. Zacks Investment Research raised DXC Technology from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a report on Friday, October 20th. BMO Capital Markets upped their target price on DXC Technology from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, September 15th. Finally, Evercore ISI assumed coverage on DXC Technology in a report on Tuesday, October 17th. They set an “outperform” rating and a $115.00 target price for the company. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $99.88.
DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.40. The business had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.07 billion. DXC Technology had a return on equity of 17.83% and a net margin of 1.88%. DXC Technology’s quarterly revenue was up 229.4% on a year-over-year basis. research analysts anticipate that DXC Technology will post 7.45 EPS 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 given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.72 annualized dividend and a dividend yield of 0.75%.
In other news, EVP Michael G. Nefkens sold 35,340 shares of the business’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 transaction of $3,251,280.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.30% of the company’s stock.
About DXC Technology
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.
Want to see what other hedge funds are holding DXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DXC Technology (NYSE:DXC).
Receive News & Stock Ratings for DXC Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXC Technology and related stocks with our FREE daily email newsletter.