National Pension Service Acquires 152,163 Shares of DXC Technology (DXC)

National Pension Service grew its holdings in DXC Technology (NYSE:DXC) by 114.6% during the fourth quarter, Holdings Channel reports. The firm owned 284,990 shares of the company’s stock after acquiring an additional 152,163 shares during the quarter. National Pension Service’s holdings in DXC Technology were worth $27,046,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of DXC. Oppenheimer Asset Management Inc. acquired a new stake in shares of DXC Technology in the second quarter valued at approximately $109,000. Schroder Investment Management Group acquired a new position in DXC Technology during the second quarter worth $204,000. Eaton Vance Management acquired a new position in DXC Technology during the second quarter worth $864,000. Laurion Capital Management LP acquired a new position in DXC Technology during the second quarter worth $1,562,000. Finally, Profund Advisors LLC acquired a new position in DXC Technology during the second quarter worth $720,000. Institutional investors own 84.68% of the company’s stock.

DXC Technology (NYSE DXC) opened at $100.98 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. DXC Technology has a 52-week low of $64.06 and a 52-week high of $102.95. The company has a market cap of $28,663.80, a price-to-earnings ratio of 171.15, a price-to-earnings-growth ratio of 1.27 and a beta of 1.05.

DXC Technology (NYSE:DXC) last released its quarterly earnings data on Tuesday, November 7th. The company reported $1.93 EPS for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.40. DXC Technology had a net margin of 1.88% and a return on equity of 17.83%. The firm had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.07 billion. The firm’s revenue for the quarter 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 disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Wednesday, December 6th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, December 5th. This represents a $0.72 dividend on an annualized basis and a yield of 0.71%. DXC Technology’s dividend payout ratio (DPR) is 122.03%.

A number of equities analysts recently weighed in on DXC shares. Citigroup boosted their target price on shares of DXC Technology to $107.00 in a report on Wednesday, November 8th. Royal Bank of Canada restated a “buy” rating and set a $87.00 target price on shares of DXC Technology in a report on Friday, October 13th. Zacks Investment Research upgraded shares of DXC Technology from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a report on Tuesday, October 10th. Cowen restated a “hold” rating and set a $85.00 target price on shares of DXC Technology in a report on Thursday, October 12th. Finally, Cantor Fitzgerald restated a “hold” rating and set a $93.00 target price on shares of DXC Technology in a report on Wednesday, November 8th. Four research 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 company’s stock. DXC Technology currently has a consensus rating of “Buy” and an average target price of $102.12.

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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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