Frontier Capital Management Co. LLC lessened its holdings in shares of DXC Technology Co (NYSE:DXC) by 13.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,361,230 shares of the company’s stock after selling 212,831 shares during the quarter. Frontier Capital Management Co. LLC’s holdings in DXC Technology were worth $87,541,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of DXC. Benjamin F. Edwards & Company Inc. boosted its stake in shares of DXC Technology by 148.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 585 shares of the company’s stock valued at $31,000 after buying an additional 350 shares during the last quarter. Cribstone Capital Management LLC boosted its stake in shares of DXC Technology by 187.1% during the 1st quarter. Cribstone Capital Management LLC now owns 491 shares of the company’s stock valued at $32,000 after buying an additional 320 shares during the last quarter. Bruderman Asset Management LLC boosted its stake in shares of DXC Technology by 1,365.1% during the 4th quarter. Bruderman Asset Management LLC now owns 630 shares of the company’s stock valued at $34,000 after buying an additional 587 shares during the last quarter. Rational Advisors LLC boosted its stake in shares of DXC Technology by 203.5% during the 4th quarter. Rational Advisors LLC now owns 695 shares of the company’s stock valued at $37,000 after buying an additional 466 shares during the last quarter. Finally, Truvestments Capital LLC purchased a new position in shares of DXC Technology during the 1st quarter valued at approximately $37,000. 86.71% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently commented on DXC. SunTrust Banks increased their target price on DXC Technology to $72.00 and gave the company a “hold” rating in a research note on Monday, February 11th. Goldman Sachs Group cut DXC Technology from a “conviction-buy” rating to a “buy” rating in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $88.27.
DXC traded up $0.06 during trading hours on Thursday, hitting $57.45. 14,676 shares of the stock were exchanged, compared to its average volume of 1,989,354. DXC Technology Co has a 12 month low of $49.19 and a 12 month high of $101.81. The stock has a market capitalization of $15.02 billion, a PE ratio of 7.24, a price-to-earnings-growth ratio of 0.91 and a beta of 1.51. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.00.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Wednesday, March 27th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.32%. The ex-dividend date was Tuesday, March 26th. DXC Technology’s dividend payout ratio (DPR) is presently 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).
Read More: Are 12b-1 Fees Affecting Your Mutual Fund Performance?
Want to see what other hedge funds are holding DXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DXC Technology Co (NYSE:DXC).