Cedar Capital LLC increased its position in DXC Technology Co (NYSE:DXC) by 6.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,046 shares of the company’s stock after purchasing an additional 745 shares during the quarter. Cedar Capital LLC’s holdings in DXC Technology were worth $839,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of DXC. Benjamin F. Edwards & Company Inc. boosted its holdings in DXC Technology by 148.9% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 585 shares of the company’s stock worth $31,000 after buying an additional 350 shares during the last quarter. Cribstone Capital Management LLC boosted its holdings in DXC Technology by 187.1% during the first quarter. Cribstone Capital Management LLC now owns 491 shares of the company’s stock worth $32,000 after buying an additional 320 shares during the last quarter. Bruderman Asset Management LLC boosted its holdings in DXC Technology by 1,365.1% during the fourth quarter. Bruderman Asset Management LLC now owns 630 shares of the company’s stock worth $34,000 after buying an additional 587 shares during the last quarter. Rational Advisors LLC boosted its holdings in DXC Technology by 203.5% during the fourth quarter. Rational Advisors LLC now owns 695 shares of the company’s stock worth $37,000 after buying an additional 466 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in DXC Technology during the first quarter worth about $37,000. 86.71% of the stock is owned by hedge funds and other institutional investors.
NYSE:DXC opened at $57.39 on Thursday. DXC Technology Co has a fifty-two week low of $49.19 and a fifty-two week high of $101.81. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock has a market cap of $15.02 billion, a PE ratio of 7.23, a price-to-earnings-growth ratio of 0.91 and a beta of 1.51.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Wednesday, March 27th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Tuesday, March 26th. DXC Technology’s dividend payout ratio (DPR) is presently 9.57%.
Several equities analysts have recently weighed in on DXC shares. SunTrust Banks lifted their price objective on DXC Technology to $72.00 and gave the company a “hold” rating in a report on Monday, February 11th. Goldman Sachs Group cut DXC Technology from a “conviction-buy” rating to a “buy” rating in a report on Monday, April 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $88.27.
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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