BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its position in shares of DXC Technology Co (NYSE:DXC) by 15.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 127,061 shares of the company’s stock after selling 23,213 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in DXC Technology were worth $11,883,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Boston Partners lifted its holdings in DXC Technology by 0.5% during the second quarter. Boston Partners now owns 12,125,367 shares of the company’s stock valued at $977,426,000 after purchasing an additional 59,176 shares in the last quarter. FMR LLC lifted its holdings in DXC Technology by 7.1% during the second quarter. FMR LLC now owns 4,819,523 shares of the company’s stock valued at $388,502,000 after purchasing an additional 319,168 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in DXC Technology by 19.4% during the third quarter. Bank of New York Mellon Corp now owns 4,091,598 shares of the company’s stock valued at $382,647,000 after purchasing an additional 663,791 shares in the last quarter. Investec Asset Management LTD lifted its holdings in DXC Technology by 12.9% during the second quarter. Investec Asset Management LTD now owns 3,147,311 shares of the company’s stock valued at $253,705,000 after purchasing an additional 358,785 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in DXC Technology by 18.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,888,464 shares of the company’s stock valued at $270,131,000 after purchasing an additional 451,346 shares in the last quarter. 85.45% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider John M. Lawrie sold 5,000 shares of DXC Technology stock in a transaction that occurred on Friday, September 28th. The shares were sold at an average price of $93.90, for a total transaction of $469,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Paul N. Saleh sold 50,000 shares of DXC Technology stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $92.03, for a total transaction of $4,601,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 117,500 shares of company stock worth $10,807,348. Company insiders own 0.65% of the company’s stock.

Several equities analysts have weighed in on DXC shares. KeyCorp lifted their price target on shares of DXC Technology from $109.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, August 8th. BMO Capital Markets lowered their price target on shares of DXC Technology from $113.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday, August 8th. Morgan Stanley lifted their price target on shares of DXC Technology from $101.00 to $103.00 and gave the company an “overweight” rating in a report on Wednesday, August 8th. Royal Bank of Canada reaffirmed a “buy” rating and set a $103.00 price target on shares of DXC Technology in a report on Wednesday, August 8th. Finally, Cantor Fitzgerald lowered their price target on shares of DXC Technology from $97.00 to $87.00 and set a “neutral” rating on the stock in a report on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $95.71.

DXC Technology stock opened at $62.03 on Thursday. The company has a market cap of $17.38 billion, a PE ratio of 7.40, a P/E/G ratio of 1.33 and a beta of 1.27. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46. DXC Technology Co has a 1 year low of $57.59 and a 1 year high of $107.85.

DXC Technology (NYSE:DXC) last released its quarterly earnings data on Tuesday, November 6th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.06. The firm had revenue of $5.01 billion for 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 company’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.93 earnings per share. As a group, analysts anticipate that DXC Technology Co will post 8.16 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, December 5th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, December 4th. DXC Technology’s payout ratio is currently 9.57%.

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

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