Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of DXC Technology Company. (NYSE:DXC) by 1.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 970,421 shares of the company’s stock after purchasing an additional 9,734 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.34% of DXC Technology Company. worth $83,340,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of DXC Technology Company. by 1.4% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 67,348 shares of the company’s stock worth $5,784,000 after purchasing an additional 921 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in shares of DXC Technology Company. during the 3rd quarter worth approximately $1,972,000. Comerica Bank bought a new stake in shares of DXC Technology Company. during the 3rd quarter worth approximately $14,246,000. Bank of New York Mellon Corp lifted its holdings in shares of DXC Technology Company. by 9.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,729,008 shares of the company’s stock worth $234,366,000 after acquiring an additional 234,594 shares during the period. Finally, River Wealth Advisors LLC lifted its holdings in shares of DXC Technology Company. by 105.1% during the 3rd quarter. River Wealth Advisors LLC now owns 6,023 shares of the company’s stock worth $517,000 after acquiring an additional 3,086 shares during the period. Hedge funds and other institutional investors own 85.91% of the company’s stock.

In other DXC Technology Company. news, EVP Michael G. Nefkens sold 35,340 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company’s stock.

DXC has been the subject of a number of recent analyst reports. Barclays PLC upped their price target on shares of DXC Technology Company. from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. KeyCorp reaffirmed an “overweight” rating and set a $99.00 price target (up previously from $92.00) on shares of DXC Technology Company. in a report on Monday, October 9th. Jefferies Group LLC upped their price target on shares of DXC Technology Company. from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, August 24th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $79.00 price target on shares of DXC Technology Company. in a report on Friday, August 11th. Finally, Citigroup Inc. upped their price target on shares of DXC Technology Company. from $97.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Four equities 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. The stock presently has an average rating of “Buy” and an average target price of $99.59.

Shares of DXC Technology Company. (DXC) traded up $1.33 during midday trading on Friday, reaching $97.32. 1,450,200 shares of the company’s stock traded hands, compared to its average volume of 1,958,577. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.00. DXC Technology Company. has a 1 year low of $67.76 and a 1 year high of $99.00. The firm has a market cap of $27,382.94, a PE ratio of 17.52, a P/E/G ratio of 1.24 and a beta of 1.01.

DXC Technology Company. (NYSE:DXC) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.40. DXC Technology Company. 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. analysts expect that DXC Technology Company. will post 7.39 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Wednesday, December 6th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.74%. The ex-dividend date is Tuesday, December 5th. DXC Technology Company.’s dividend payout ratio (DPR) is currently 122.03%.

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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.

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

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