DXC Technology (DXC) Shares Sold by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC cut its holdings in DXC Technology (NYSE:DXC) by 3.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 80,417 shares of the company’s stock after selling 2,663 shares during the quarter. Nisa Investment Advisors LLC’s holdings in DXC Technology were worth $7,632,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in DXC Technology by 30,928.2% in the second quarter. Vanguard Group Inc. now owns 20,771,226 shares of the company’s stock valued at $1,593,568,000 after buying an additional 20,704,283 shares during the last quarter. BlackRock Inc. purchased a new stake in DXC Technology in the second quarter valued at about $1,368,006,000. Dodge & Cox purchased a new stake in DXC Technology in the second quarter valued at about $1,032,608,000. Boston Partners raised its stake in DXC Technology by 4.4% in the third quarter. Boston Partners now owns 12,688,006 shares of the company’s stock valued at $1,089,645,000 after buying an additional 532,468 shares during the last quarter. Finally, State Street Corp purchased a new stake in DXC Technology in the second quarter valued at about $898,855,000. Institutional investors own 84.68% of the company’s stock.
DXC Technology (NYSE DXC) opened at $101.29 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $28,894.87, a P/E ratio of 171.68, a P/E/G ratio of 1.28 and a beta of 1.05. DXC Technology has a 12-month low of $67.76 and a 12-month high of $102.71.
DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.40. The company had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.07 billion. DXC Technology had a return on equity of 17.83% and a net margin of 1.88%. The firm’s quarterly revenue was up 229.4% on a year-over-year basis. equities analysts predict that DXC Technology will post 7.52 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Wednesday, December 6th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, December 5th. DXC Technology’s dividend payout ratio is currently 122.03%.
Several brokerages have recently issued reports on DXC. BMO Capital Markets raised their price objective on DXC Technology from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. Zacks Investment Research upgraded DXC Technology from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Tuesday, October 10th. SunTrust Banks raised their price objective on DXC Technology to $100.00 and gave the stock a “hold” rating in a research note on Monday, November 13th. KeyCorp raised their price objective on DXC Technology from $107.00 to $116.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 9th. Finally, Evercore ISI began coverage on DXC Technology in a research note on Tuesday, October 17th. They issued an “outperform” rating and a $115.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. DXC Technology has an average rating of “Buy” and a consensus price target of $101.53.
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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