DXC Technology Co (DXC) Stake Increased by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its stake in shares of DXC Technology Co (NYSE:DXC) by 13.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,691 shares of the company’s stock after buying an additional 2,254 shares during the quarter. IFM Investors Pty Ltd’s holdings in DXC Technology were worth $1,202,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Kentucky Retirement Systems Insurance Trust Fund bought a new position in DXC Technology during the 4th quarter valued at $295,000. Morgan Stanley lifted its position in DXC Technology by 11.2% in the third quarter. Morgan Stanley now owns 689,488 shares of the company’s stock valued at $64,481,000 after purchasing an additional 69,607 shares during the last quarter. BlackRock Inc. lifted its position in DXC Technology by 6.3% in the fourth quarter. BlackRock Inc. now owns 19,400,215 shares of the company’s stock valued at $1,031,510,000 after purchasing an additional 1,153,292 shares during the last quarter. Machina Capital S.A.S. bought a new position in shares of DXC Technology during the fourth quarter valued at approximately $418,000. Finally, Pendal Group Ltd raised its holdings in shares of DXC Technology by 2.0% during the fourth quarter. Pendal Group Ltd now owns 36,057 shares of the company’s stock valued at $1,917,000 after acquiring an additional 705 shares in the last quarter. 86.76% of the stock is owned by institutional investors.

DXC has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded DXC Technology from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a report on Tuesday, January 8th. SunTrust Banks cut DXC Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. BMO Capital Markets reaffirmed a “buy” rating and issued a $85.00 price target on shares of DXC Technology in a research note on Monday, January 7th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $70.00 price target on shares of DXC Technology in a research note on Monday, January 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. DXC Technology presently has an average rating of “Buy” and a consensus target price of $88.27.

Shares of DXC stock opened at $64.58 on Monday. The firm has a market capitalization of $17.32 billion, a P/E ratio of 8.13, a PEG ratio of 1.06 and a beta of 1.53. DXC Technology Co has a twelve month low of $49.19 and a twelve month high of $105.02. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.00.

DXC Technology (NYSE:DXC) last released its earnings results on Thursday, February 7th. The company reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.19. DXC Technology had a return on equity of 19.78% and a net margin of 7.09%. The firm had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.16 billion. During the same period in the prior year, the firm posted $1.86 earnings per share. The company’s quarterly revenue was down 5.2% on a year-over-year basis. As a group, equities analysts anticipate that DXC Technology Co will post 8.24 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Wednesday, March 27th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.18%. DXC Technology’s dividend payout ratio is currently 9.57%.

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

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