O Shaughnessy Asset Management LLC Purchases Shares of 102,205 DXC Technology Co (DXC)
O Shaughnessy Asset Management LLC purchased a new position in shares of DXC Technology Co (NYSE:DXC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 102,205 shares of the company’s stock, valued at approximately $9,545,000.
Several other institutional investors and hedge funds have also bought and sold shares of DXC. OppenheimerFunds Inc. raised its stake in shares of DXC Technology by 203.6% during the second quarter. OppenheimerFunds Inc. now owns 2,809,907 shares of the company’s stock worth $226,508,000 after buying an additional 1,884,465 shares during the last quarter. Point72 Asset Management L.P. raised its stake in shares of DXC Technology by 1,424.2% during the second quarter. Point72 Asset Management L.P. now owns 1,687,338 shares of the company’s stock worth $136,016,000 after buying an additional 1,576,638 shares during the last quarter. Natixis increased its stake in DXC Technology by 548.4% in the second quarter. Natixis now owns 1,779,865 shares of the company’s stock valued at $143,475,000 after purchasing an additional 1,505,379 shares in the last quarter. First Trust Advisors LP bought a new stake in DXC Technology in the second quarter valued at approximately $84,760,000. Finally, Bank of Montreal Can increased its stake in DXC Technology by 84.8% in the second quarter. Bank of Montreal Can now owns 1,874,682 shares of the company’s stock valued at $151,117,000 after purchasing an additional 860,140 shares in the last quarter. 85.40% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have commented on DXC shares. Zacks Investment Research downgraded shares of DXC Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Moffett Nathanson started coverage on shares of DXC Technology in a research note on Thursday, October 4th. They issued a “buy” rating and a $95.00 target price for the company. ValuEngine downgraded shares of DXC Technology from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. Cantor Fitzgerald lowered their target price on shares of DXC Technology from $97.00 to $87.00 and set a “neutral” rating for the company in a research note on Thursday, August 9th. Finally, Cfra reaffirmed a “buy” rating and issued a $105.00 target price on shares of DXC Technology in a research note on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $99.87.
DXC Technology stock opened at $62.00 on Friday. The company has a market capitalization of $17.77 billion, a PE ratio of 7.81, a P/E/G ratio of 1.07 and a beta of 1.32. DXC Technology Co has a twelve month low of $60.05 and a twelve month high of $107.85. The company has a quick ratio of 0.95, a current ratio of 1.04 and a debt-to-equity ratio of 0.46.
DXC Technology (NYSE:DXC) last released its quarterly earnings results on Tuesday, November 6th. The company reported $2.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.06. The company had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $5.30 billion. DXC Technology had a net margin of 8.15% and a return on equity of 19.07%. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.93 earnings per share. As a group, equities research analysts predict that DXC Technology Co will post 8.16 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, December 5th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Tuesday, December 4th. DXC Technology’s dividend payout ratio (DPR) is presently 9.57%.
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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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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