Intact Investment Management Inc. Buys New Position in DXC Technology Co (DXC)

Intact Investment Management Inc. bought a new stake in DXC Technology Co (NYSE:DXC) during the third quarter, HoldingsChannel.com reports. The firm bought 2,500 shares of the company’s stock, valued at approximately $234,000.

Other hedge funds also recently bought and sold shares of the company. OppenheimerFunds Inc. increased its holdings in shares of DXC Technology by 203.6% during the second quarter. OppenheimerFunds Inc. now owns 2,809,907 shares of the company’s stock valued at $226,508,000 after purchasing an additional 1,884,465 shares during the period. Point72 Asset Management L.P. increased its holdings in shares of DXC Technology by 1,424.2% during the second quarter. Point72 Asset Management L.P. now owns 1,687,338 shares of the company’s stock valued at $136,016,000 after purchasing an additional 1,576,638 shares during the period. Natixis increased its holdings in shares of DXC Technology by 548.4% during the second quarter. Natixis now owns 1,779,865 shares of the company’s stock valued at $143,475,000 after purchasing an additional 1,505,379 shares during the period. First Trust Advisors LP acquired a new position in shares of DXC Technology during the second quarter valued at $84,760,000. Finally, Bank of Montreal Can increased its holdings in shares of DXC Technology by 84.8% during the second quarter. Bank of Montreal Can now owns 1,874,682 shares of the company’s stock valued at $151,117,000 after purchasing an additional 860,140 shares during the period. Institutional investors own 85.18% of the company’s stock.

A number of research analysts have recently commented on the company. ValuEngine lowered DXC Technology from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. BMO Capital Markets reissued a “buy” rating on shares of DXC Technology in a report on Wednesday, October 24th. Zacks Investment Research lowered DXC Technology from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. Moffett Nathanson assumed coverage on DXC Technology in a report on Thursday, October 4th. They set a “buy” rating and a $95.00 price target on the stock. Finally, Cantor Fitzgerald lowered their price target on DXC Technology from $97.00 to $87.00 and set a “neutral” rating on the stock in a report on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $103.13.



In related news, CEO John M. Lawrie sold 2,500 shares of DXC Technology stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $94.15, for a total transaction of $235,375.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Paul N. Saleh sold 50,000 shares of DXC Technology stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $92.03, for a total value of $4,601,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 208,527 shares of company stock worth $18,989,941. 0.65% of the stock is owned by corporate insiders.

NYSE:DXC opened at $71.06 on Wednesday. The stock has a market cap of $20.56 billion, a P/E ratio of 8.95, a PEG ratio of 1.18 and a beta of 0.96. DXC Technology Co has a 52-week low of $68.59 and a 52-week high of $107.85. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40.

DXC Technology (NYSE:DXC) last released its earnings results on Tuesday, August 7th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.18. The firm had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.32 billion. DXC Technology had a return on equity of 18.67% and a net margin of 7.74%. Sell-side analysts anticipate that DXC Technology Co will post 8.12 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, December 5th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Tuesday, December 4th. DXC Technology’s payout ratio is currently 9.57%.

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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