OppenheimerFunds Inc. Has $273.36 Million Stake in DXC Technology Co (NYSE:DXC)

OppenheimerFunds Inc. reduced its stake in DXC Technology Co (NYSE:DXC) by 7.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,250,680 shares of the company’s stock after selling 366,527 shares during the quarter. OppenheimerFunds Inc. owned 1.58% of DXC Technology worth $273,361,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of DXC. Vanguard Group Inc grew its holdings in shares of DXC Technology by 0.6% during the third quarter. Vanguard Group Inc now owns 20,616,012 shares of the company’s stock valued at $1,928,010,000 after purchasing an additional 122,686 shares during the last quarter. CWM LLC grew its holdings in shares of DXC Technology by 144.8% during the fourth quarter. CWM LLC now owns 1,170 shares of the company’s stock valued at $62,000 after purchasing an additional 692 shares during the last quarter. Xact Kapitalforvaltning AB grew its holdings in shares of DXC Technology by 41.2% during the fourth quarter. Xact Kapitalforvaltning AB now owns 52,336 shares of the company’s stock valued at $2,783,000 after purchasing an additional 15,258 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of DXC Technology by 64.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 30,054 shares of the company’s stock valued at $1,598,000 after purchasing an additional 11,789 shares during the last quarter. Finally, OLD National Bancorp IN grew its holdings in shares of DXC Technology by 37.1% during the fourth quarter. OLD National Bancorp IN now owns 11,908 shares of the company’s stock valued at $633,000 after purchasing an additional 3,224 shares during the last quarter. 85.15% of the stock is currently owned by institutional investors and hedge funds.

In other DXC Technology news, EVP Joanne Mason sold 48,679 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $51.99, for a total value of $2,530,821.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.65% of the company’s stock.

DXC has been the subject of several recent research reports. Goldman Sachs Group lowered DXC Technology from a “conviction-buy” rating to a “buy” rating in a report on Monday, April 22nd. Wells Fargo & Co lowered their target price on DXC Technology from $72.00 to $55.00 and set a “market perform” rating for the company in a report on Friday, May 24th. Bank of America decreased their price objective on DXC Technology from $75.00 to $64.00 and set a “buy” rating for the company in a report on Friday, May 31st. KeyCorp decreased their price objective on DXC Technology from $97.00 to $88.00 and set an “overweight” rating for the company in a report on Monday, May 20th. Finally, TheStreet lowered DXC Technology from a “b-” rating to a “c+” rating in a report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $80.92.

DXC stock traded up $1.35 on Friday, reaching $55.15. The company’s stock had a trading volume of 2,873,520 shares, compared to its average volume of 2,372,584. The company has a market capitalization of $14.66 billion, a P/E ratio of 6.61, a P/E/G ratio of 1.67 and a beta of 1.70. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.96 and a quick ratio of 0.96. DXC Technology Co has a 52 week low of $46.46 and a 52 week high of $96.75. The business has a fifty day simple moving average of $52.85.

DXC Technology (NYSE:DXC) last released its earnings results on Thursday, May 23rd. The company reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.12. The firm had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.30 billion. DXC Technology had a return on equity of 20.09% and a net margin of 6.06%. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.28 earnings per share. Research analysts anticipate that DXC Technology Co will post 8.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Wednesday, June 5th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.52%. This is an increase from DXC Technology’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, June 4th. DXC Technology’s dividend payout ratio is 10.07%.

DXC Technology 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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).

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

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