Sompo Japan Nipponkoa Asset Management CO. LTD. acquired a new position in shares of DXC Technology (NYSE:DXC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 77,230 shares of the company’s stock, valued at approximately $7,329,000.

Other hedge funds have also bought and sold shares of the company. Stuart Chaussee & Associates Inc. acquired a new stake in shares of DXC Technology during the fourth quarter worth $100,000. Advisory Services Network LLC acquired a new stake in shares of DXC Technology during the second quarter worth $101,000. Calton & Associates Inc. acquired a new stake in shares of DXC Technology during the fourth quarter worth $112,000. Cerebellum GP LLC acquired a new stake in shares of DXC Technology during the fourth quarter worth $130,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of DXC Technology during the second quarter worth $169,000. Institutional investors and hedge funds own 84.73% of the company’s stock.

DXC Technology (NYSE DXC) opened at $95.94 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 52-week low of $67.76 and a 52-week high of $102.95. The company has a market capitalization of $27,411.47, a PE ratio of 162.61, a price-to-earnings-growth ratio of 1.22 and a beta of 1.04.

DXC Technology (NYSE:DXC) last released its quarterly earnings data on Tuesday, November 7th. The company reported $1.93 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $6.07 billion. DXC Technology’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 7.52 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Wednesday, December 6th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Tuesday, December 5th. DXC Technology’s dividend payout ratio (DPR) is presently 122.03%.

Several equities research analysts have recently issued reports on the company. 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 report 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 on the stock in a report on Tuesday, October 10th. SunTrust Banks lifted their target price on DXC Technology to $100.00 and gave the company a “hold” rating in a report on Monday, November 13th. KeyCorp lifted their target price on DXC Technology from $107.00 to $116.00 and gave the company an “overweight” rating in a report on Tuesday, January 9th. Finally, Evercore ISI assumed coverage on DXC Technology in a report on Tuesday, October 17th. They issued an “outperform” rating and a $115.00 target price on the stock. Four equities 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 currently has a consensus rating of “Buy” and a consensus price target of $102.71.

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

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