Tributary Capital Management LLC lessened its holdings in DXC Technology Co (NYSE:DXC) by 16.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,550 shares of the company’s stock after selling 3,300 shares during the period. Tributary Capital Management LLC’s holdings in DXC Technology were worth $1,548,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of DXC. OppenheimerFunds Inc. raised its stake in DXC Technology by 203.6% in the 2nd quarter. OppenheimerFunds Inc. now owns 2,809,907 shares of the company’s stock valued at $226,508,000 after acquiring an additional 1,884,465 shares during the period. Point72 Asset Management L.P. increased its position in DXC Technology by 1,424.2% during the 2nd 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 period. Natixis increased its position in DXC Technology by 548.4% during the 2nd quarter. Natixis now owns 1,779,865 shares of the company’s stock worth $143,475,000 after buying an additional 1,505,379 shares during the period. First Trust Advisors LP bought a new position in DXC Technology during the 2nd quarter worth $84,760,000. Finally, Bank of Montreal Can increased its position in DXC Technology by 84.8% during the 2nd quarter. Bank of Montreal Can now owns 1,874,682 shares of the company’s stock worth $151,117,000 after buying an additional 860,140 shares during the period. Institutional investors and hedge funds own 84.87% of the company’s stock.
Several research analysts have weighed in on DXC shares. Zacks Investment Research upgraded DXC Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, August 1st. Moffett Nathanson started coverage on DXC Technology in a research report on Thursday, October 4th. They set a “buy” rating and a $95.00 price objective on the stock. KeyCorp increased their price objective on DXC Technology from $109.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 8th. ValuEngine upgraded DXC Technology from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th. Finally, Morgan Stanley increased their price objective on DXC Technology from $101.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $103.13.
DXC opened at $88.30 on Friday. The firm has a market cap of $24.86 billion, a PE ratio of 10.66, a P/E/G ratio of 1.50 and a beta of 0.96. DXC Technology Co has a 52-week low of $77.96 and a 52-week high of $107.85. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40.
DXC Technology (NYSE:DXC) last released its earnings results on Tuesday, August 7th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.18. The company had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.32 billion. DXC Technology had a return on equity of 18.67% and a net margin of 7.74%. Equities analysts forecast that DXC Technology Co will post 8.15 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, December 5th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Tuesday, December 4th. DXC Technology’s dividend payout ratio (DPR) is currently 9.57%.
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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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