Nomura Holdings Inc. Buys 175,100 Shares of DXC Technology Co (NYSE:DXC)

Nomura Holdings Inc. lifted its stake in shares of DXC Technology Co (NYSE:DXC) by 109.6% in the 2nd quarter, Holdings Channel reports. The fund owned 334,900 shares of the company’s stock after acquiring an additional 175,100 shares during the quarter. Nomura Holdings Inc.’s holdings in DXC Technology were worth $18,742,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DXC. Geode Capital Management LLC grew its position in DXC Technology by 11.3% in the fourth quarter. Geode Capital Management LLC now owns 4,452,857 shares of the company’s stock valued at $236,418,000 after purchasing an additional 451,768 shares in the last quarter. Cornerstone Advisors Inc. grew its position in DXC Technology by 100.0% in the first quarter. Cornerstone Advisors Inc. now owns 578 shares of the company’s stock valued at $37,000 after purchasing an additional 289 shares in the last quarter. Stephens Inc. AR bought a new position in DXC Technology in the first quarter valued at $321,000. First Allied Advisory Services Inc. grew its position in DXC Technology by 6.1% in the first quarter. First Allied Advisory Services Inc. now owns 4,897 shares of the company’s stock valued at $316,000 after purchasing an additional 283 shares in the last quarter. Finally, Moors & Cabot Inc. bought a new position in DXC Technology in the first quarter valued at $300,000. 86.84% of the stock is owned by institutional investors.

Shares of DXC traded down $0.40 during midday trading on Friday, reaching $31.82. The stock had a trading volume of 168,689 shares, compared to its average volume of 4,919,183. The firm has a 50 day simple moving average of $36.79 and a 200-day simple moving average of $53.42. DXC Technology Co has a one year low of $30.10 and a one year high of $96.75. The firm has a market cap of $8.44 billion, a PE ratio of 3.82, a P/E/G ratio of 1.13 and a beta of 1.93. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.80.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.03. DXC Technology had a net margin of 5.70% and a return on equity of 19.57%. The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter last year, the firm posted $1.93 EPS. The company’s quarterly revenue was down 7.4% on a year-over-year basis. As a group, research analysts forecast that DXC Technology Co will post 7.3 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, September 4th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Tuesday, September 3rd. DXC Technology’s dividend payout ratio (DPR) is presently 10.07%.

A number of research firms recently weighed in on DXC. Evercore ISI reaffirmed a “hold” rating on shares of DXC Technology in a research report on Monday. Cowen decreased their target price on shares of DXC Technology from $83.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Wells Fargo & Co decreased their target price on shares of DXC Technology from $72.00 to $55.00 and set a “market perform” rating for the company in a research report on Friday, May 24th. Susquehanna Bancshares downgraded shares of DXC Technology from a “positive” rating to a “neutral” rating in a research report on Thursday, September 12th. Finally, Zacks Investment Research downgraded shares of DXC Technology from a “hold” rating to a “sell” rating and set a $36.00 target price for the company. in a research report on Tuesday, August 13th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. DXC Technology has a consensus rating of “Hold” and a consensus price target of $66.69.

In other news, CEO John M. Lawrie acquired 3,300 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of $53.28 per share, with a total value of $175,824.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, insiders bought 22,066 shares of company stock valued at $1,153,043. Insiders own 0.81% of the company’s stock.

About DXC Technology

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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