DXC Technology (DXC) Shares Bought by Nomura Asset Management Co. Ltd.
Nomura Asset Management Co. Ltd. boosted its holdings in DXC Technology (NYSE:DXC) by 3.5% during the fourth quarter, Holdings Channel reports. The fund owned 39,839 shares of the company’s stock after buying an additional 1,336 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in DXC Technology were worth $3,781,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Burke & Herbert Bank & Trust Co. bought a new position in DXC Technology in the 4th quarter worth about $259,000. Eqis Capital Management Inc. bought a new position in DXC Technology in the 4th quarter worth about $1,246,000. Prudential Financial Inc. increased its stake in DXC Technology by 0.5% in the 3rd quarter. Prudential Financial Inc. now owns 398,426 shares of the company’s stock worth $34,217,000 after acquiring an additional 1,990 shares during the last quarter. California Public Employees Retirement System increased its stake in DXC Technology by 1.5% in the 3rd quarter. California Public Employees Retirement System now owns 653,530 shares of the company’s stock worth $56,125,000 after acquiring an additional 9,383 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its stake in DXC Technology by 10.2% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 57,334 shares of the company’s stock worth $5,441,000 after acquiring an additional 5,302 shares during the last quarter. Institutional investors and hedge funds own 84.84% of the company’s stock.
A number of equities analysts have recently issued reports on the company. ValuEngine upgraded DXC Technology from a “buy” rating to a “strong-buy” rating in a report on Saturday. BMO Capital Markets reiterated a “buy” rating on shares of DXC Technology in a report on Friday, February 23rd. Zacks Investment Research cut DXC Technology from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Citigroup reiterated a “buy” rating and issued a $117.00 price objective (up from $107.00) on shares of DXC Technology in a report on Thursday, January 18th. Finally, KeyCorp upped their price objective on DXC Technology from $107.00 to $116.00 and gave the stock an “overweight” rating in a report on Tuesday, January 9th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. DXC Technology presently has a consensus rating of “Buy” and a consensus target price of $103.33.
DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, February 8th. The company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.16. The company had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.19 billion. DXC Technology had a return on equity of 17.97% and a net margin of 5.18%. The firm’s quarterly revenue was up 222.7% compared to the same quarter last year. equities analysts predict that DXC Technology will post 7.86 earnings per share for the current fiscal year.
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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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