U S Global Investors Inc lifted its position in shares of DXC Technology Co (NYSE:DXC) by 28.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 5,504 shares of the company’s stock after buying an additional 1,204 shares during the period. U S Global Investors Inc’s holdings in DXC Technology were worth $515,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in DXC. OppenheimerFunds Inc. lifted 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 valued at $226,508,000 after buying an additional 1,884,465 shares during the period. Point72 Asset Management L.P. lifted 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 valued at $136,016,000 after buying an additional 1,576,638 shares during the period. Natixis lifted its stake in shares of DXC Technology by 548.4% during the second quarter. Natixis now owns 1,779,865 shares of the company’s stock valued at $143,475,000 after buying an additional 1,505,379 shares during the period. Prudential Financial Inc. increased its position in DXC Technology by 469.8% during the third quarter. Prudential Financial Inc. now owns 1,814,726 shares of the company’s stock worth $169,713,000 after purchasing an additional 1,496,224 shares during the last quarter. Finally, First Trust Advisors LP acquired a new position in DXC Technology during the second quarter worth approximately $84,760,000. 85.45% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Paul N. Saleh sold 50,000 shares of the stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $92.03, for a total value of $4,601,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John M. Lawrie sold 5,000 shares of the stock in a transaction on Friday, September 28th. The stock was sold at an average price of $93.90, for a total transaction of $469,500.00. The disclosure for this sale can be found here. Insiders sold 117,500 shares of company stock valued at $10,807,348 in the last three months. Company insiders own 0.65% of the company’s stock.

Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of DXC Technology from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research report on Tuesday, August 21st. Royal Bank of Canada reaffirmed a “buy” rating and set a $103.00 price target on shares of DXC Technology in a research report on Wednesday, August 8th. Morgan Stanley upped their price target on shares of DXC Technology from $101.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 8th. KeyCorp upped their price target on shares of DXC Technology from $109.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 8th. Finally, Cowen raised shares of DXC Technology from a “market perform” rating to an “outperform” rating in a research report on Monday, November 26th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. DXC Technology presently has a consensus rating of “Buy” and an average price target of $95.71.

DXC Technology stock opened at $62.03 on Wednesday. DXC Technology Co has a 52-week low of $57.59 and a 52-week high of $107.85. The firm has a market capitalization of $17.66 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 1.36 and a beta of 1.27. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.46.

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, topping the consensus estimate of $1.96 by $0.06. DXC Technology had a net margin of 8.15% and a return on equity of 19.07%. The company had revenue of $5.01 billion during the quarter, compared to analyst estimates of $5.30 billion. During the same quarter in the prior year, the business earned $1.93 earnings per share. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. Research analysts anticipate that DXC Technology Co will post 8.16 EPS for the current fiscal year.

The firm 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 $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 payout ratio is currently 9.57%.

ILLEGAL ACTIVITY WARNING: “DXC Technology Co (DXC) Position Boosted by U S Global Investors Inc” was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark laws. The original version of this story can be accessed at https://www.watchlistnews.com/dxc-technology-co-dxc-position-boosted-by-u-s-global-investors-inc/2662865.html.

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).

Further Reading: Dividend Stocks – Are They Right For You?

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 Co (NYSE:DXC).

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

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.