Janus Henderson Group PLC Trims Stake in DXC Technology Co (DXC)

Janus Henderson Group PLC Trims Stake in DXC Technology Co (DXC)

Janus Henderson Group PLC trimmed its holdings in DXC Technology Co (NYSE:DXC) by 84.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 202,487 shares of the company’s stock after selling 1,089,980 shares during the period. Janus Henderson Group PLC’s holdings in DXC Technology were worth $13,018,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. raised its holdings in DXC Technology by 27.8% during the first quarter. Cullen Frost Bankers Inc. now owns 165,501 shares of the company’s stock worth $10,612,000 after purchasing an additional 36,013 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in DXC Technology by 82.9% during the first quarter. Janney Montgomery Scott LLC now owns 28,693 shares of the company’s stock worth $1,845,000 after purchasing an additional 13,002 shares in the last quarter. Zeke Capital Advisors LLC raised its holdings in DXC Technology by 30.5% during the first quarter. Zeke Capital Advisors LLC now owns 11,370 shares of the company’s stock worth $731,000 after purchasing an additional 2,659 shares in the last quarter. Welch & Forbes LLC purchased a new position in DXC Technology during the first quarter worth about $229,000. Finally, SG Americas Securities LLC raised its holdings in DXC Technology by 32.9% during the first quarter. SG Americas Securities LLC now owns 44,195 shares of the company’s stock worth $2,842,000 after purchasing an additional 10,952 shares in the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently issued reports on the stock. SunTrust Banks increased their price target on shares of DXC Technology to $72.00 and gave the stock a “hold” rating in a report on Monday, February 11th. Goldman Sachs Group cut shares of 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 given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $88.27.

DXC stock opened at $57.00 on Thursday. DXC Technology Co has a 12 month low of $49.19 and a 12 month high of $101.81. The company has a market capitalization of $15.02 billion, a PE ratio of 7.18, a price-to-earnings-growth ratio of 0.91 and a beta of 1.51. 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 company also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Wednesday, March 27th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $0.76 dividend on an annualized basis and a yield of 1.33%. DXC Technology’s dividend payout ratio (DPR) 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).

Read More: What is Net Asset Value (NAV)?

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