DXC Technology (DXC) Shares Bought by First Republic Investment Management Inc.
First Republic Investment Management Inc. lifted its holdings in shares of DXC Technology (NYSE:DXC) by 137.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,617 shares of the company’s stock after acquiring an additional 8,474 shares during the quarter. First Republic Investment Management Inc.’s holdings in DXC Technology were worth $1,256,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of DXC. Vanguard Group Inc. lifted its holdings in DXC Technology by 30,928.2% during the 2nd quarter. Vanguard Group Inc. now owns 20,771,226 shares of the company’s stock worth $1,593,568,000 after purchasing an additional 20,704,283 shares during the last quarter. BlackRock Inc. acquired a new stake in DXC Technology during the 2nd quarter worth approximately $1,368,006,000. Dodge & Cox acquired a new stake in DXC Technology during the 2nd quarter worth approximately $1,032,608,000. State Street Corp acquired a new stake in DXC Technology during the 2nd quarter worth approximately $898,855,000. Finally, Glenview Capital Management LLC acquired a new stake in DXC Technology during the 2nd quarter worth approximately $625,894,000. Institutional investors own 84.76% of the company’s stock.
DXC Technology (NYSE DXC) opened at $94.95 on Thursday. The firm has a market capitalization of $27,040.00 and a price-to-earnings ratio of 17.30. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.51. DXC Technology has a fifty-two week low of $67.76 and a fifty-two week high of $99.44.
DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.40. DXC Technology had a return on equity of 17.83% and a net margin of 1.88%. The company had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.07 billion. The company’s revenue for the quarter was up 229.4% compared to the same quarter last year. equities research analysts anticipate that DXC Technology will post 7.45 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Wednesday, December 6th will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, December 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.76%.
In other news, EVP Michael G. Nefkens sold 35,340 shares of the business’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $92.00, for a total transaction of $3,251,280.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by insiders.
Several analysts recently weighed in on DXC shares. Zacks Investment Research raised DXC Technology from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Friday, October 20th. BMO Capital Markets lifted their price target on DXC Technology from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, September 15th. Citigroup lifted their price target on DXC Technology to $107.00 in a report on Wednesday, November 8th. KeyCorp reaffirmed a “buy” rating and issued a $92.00 price objective on shares of DXC Technology in a report on Friday, September 8th. Finally, Bank of America initiated coverage on DXC Technology in a report on Tuesday, September 12th. They issued a “buy” rating and a $101.00 price objective for the company. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $99.88.
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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 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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