DXC Technology (DXC) Holdings Increased by ING Groep NV
ING Groep NV grew its holdings in DXC Technology (NYSE:DXC) by 14.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,681 shares of the company’s stock after purchasing an additional 3,943 shares during the period. ING Groep NV’s holdings in DXC Technology were worth $3,007,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in DXC. Investec Asset Management LTD increased its stake in DXC Technology by 153.8% in the third quarter. Investec Asset Management LTD now owns 3,835,559 shares of the company’s stock worth $329,398,000 after purchasing an additional 2,324,095 shares during the period. JPMorgan Chase & Co. increased its stake in DXC Technology by 67.2% in the third quarter. JPMorgan Chase & Co. now owns 4,030,749 shares of the company’s stock worth $341,768,000 after purchasing an additional 1,619,573 shares during the period. Assenagon Asset Management S.A. purchased a new stake in DXC Technology in the third quarter worth $89,196,000. Janus Henderson Group PLC increased its stake in DXC Technology by 27.4% in the third quarter. Janus Henderson Group PLC now owns 3,252,957 shares of the company’s stock worth $279,377,000 after purchasing an additional 699,026 shares during the period. Finally, Jana Partners LLC increased its stake in DXC Technology by 45.1% in the third quarter. Jana Partners LLC now owns 2,085,092 shares of the company’s stock worth $179,068,000 after purchasing an additional 647,853 shares during the period. Institutional investors and hedge funds own 84.73% of the company’s stock.
A number of analysts have weighed in on the company. BMO Capital Markets increased their target price on DXC Technology from $110.00 to $117.00 and gave the stock an “outperform” rating in a research note on Friday. Deutsche Bank increased their target price on DXC Technology from $90.00 to $100.00 and gave the stock a “hold” rating in a research note on Friday. Zacks Investment Research lowered DXC Technology from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Morgan Stanley increased their target price on DXC Technology from $104.00 to $114.00 and gave the stock an “overweight” rating in a research note on Monday, February 5th. Finally, Cantor Fitzgerald increased their price target on DXC Technology from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Friday, October 13th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $102.94.
DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Thursday, February 8th. The company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.16. DXC Technology had a return on equity of 20.06% and a net margin of 5.18%. The company had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.19 billion. The company’s revenue was up 222.7% on a year-over-year basis. research analysts forecast that DXC Technology will post 7.54 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Wednesday, December 6th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Tuesday, December 5th. DXC Technology’s payout ratio is currently 23.53%.
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 two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.
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