Jane Street Group LLC Takes Position in DXC Technology (DXC)
Jane Street Group LLC acquired a new position in shares of DXC Technology (NYSE:DXC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,943 shares of the company’s stock, valued at approximately $339,000.
A number of other large investors have also recently bought and sold shares of DXC. Advisory Services Network LLC acquired a new position in DXC Technology during the 2nd quarter worth $101,000. Hanson McClain Inc. acquired a new position in shares of DXC Technology in the 2nd quarter valued at $105,000. Pinebridge Investments L.P. acquired a new position in shares of DXC Technology in the 2nd quarter valued at $106,000. Oppenheimer Asset Management Inc. acquired a new position in shares of DXC Technology in the 2nd quarter valued at $109,000. Finally, Westside Investment Management Inc. lifted its stake in shares of DXC Technology by 3.4% in the 2nd quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock valued at $118,000 after purchasing an additional 50 shares during the period. 84.66% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DXC Technology (NYSE:DXC) opened at $94.93 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.00 and a quick ratio of 1.00. DXC Technology has a 1 year low of $67.76 and a 1 year high of $99.44. The company has a market cap of $27,360.00 and a price-to-earnings ratio of 17.50.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Wednesday, December 6th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Tuesday, December 5th.
In related news, EVP Michael G. Nefkens sold 35,340 shares of the company’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $92.00, for a total value of $3,251,280.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is owned by corporate insiders.
A number of research analysts have recently weighed in on DXC shares. Barclays increased their price target on DXC Technology from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. KeyCorp reissued an “overweight” rating and issued a $99.00 price target (up previously from $92.00) on shares of DXC Technology in a research note on Monday, October 9th. Cantor Fitzgerald increased their price target on DXC Technology from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. Jefferies Group increased their price target on DXC Technology from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, August 24th. Finally, Citigroup increased their price target on DXC Technology from $97.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $99.88.
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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