Braun Stacey Associates Inc. acquired a new stake in shares of DXC Technology Co (NYSE:DXC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 104,408 shares of the company’s stock, valued at approximately $9,764,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in shares of DXC Technology by 2.5% during the first quarter. Principal Financial Group Inc. now owns 902,213 shares of the company’s stock worth $90,699,000 after buying an additional 22,332 shares in the last quarter. Brown Advisory Inc. increased its holdings in shares of DXC Technology by 185.3% during the first quarter. Brown Advisory Inc. now owns 6,373 shares of the company’s stock worth $641,000 after buying an additional 4,139 shares in the last quarter. Private Trust Co. NA acquired a new position in shares of DXC Technology during the second quarter worth $272,000. Washington Trust Bank increased its holdings in shares of DXC Technology by 20.4% during the second quarter. Washington Trust Bank now owns 85,217 shares of the company’s stock worth $6,869,000 after buying an additional 14,443 shares in the last quarter. Finally, DnB Asset Management AS increased its holdings in shares of DXC Technology by 1.9% during the second quarter. DnB Asset Management AS now owns 76,468 shares of the company’s stock worth $6,164,000 after buying an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 85.18% of the company’s stock.
Shares of DXC Technology stock opened at $69.54 on Tuesday. 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 Co has a twelve month low of $68.59 and a twelve month high of $107.85. The firm has a market capitalization of $20.56 billion, a P/E ratio of 8.76, a price-to-earnings-growth ratio of 1.24 and a beta of 0.96.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, December 5th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $0.76 annualized dividend and a dividend yield of 1.09%. DXC Technology’s dividend payout ratio is 9.57%.
Several research analysts have recently issued reports on the stock. Moffett Nathanson assumed coverage on shares of DXC Technology in a report on Thursday, October 4th. They set a “buy” rating and a $95.00 price target for the company. Zacks Investment Research downgraded shares of DXC Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Cantor Fitzgerald lowered their price target on shares of DXC Technology from $97.00 to $87.00 and set a “neutral” rating for the company in a report on Thursday, August 9th. Royal Bank of Canada reiterated a “buy” rating and set a $103.00 price target on shares of DXC Technology in a report on Wednesday, August 8th. Finally, BMO Capital Markets lowered their price target on shares of DXC Technology from $113.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $103.13.
In related news, EVP William L. Deckelman, Jr. sold 2,394 shares of the business’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $90.02, for a total value of $215,507.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John M. Lawrie sold 2,500 shares of the company’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $94.15, for a total transaction of $235,375.00. The disclosure for this sale can be found here. In the last three months, insiders sold 208,527 shares of company stock worth $18,989,941. 0.65% of the stock is currently owned by insiders.
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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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