Two Sigma Advisers LP lifted its position in DXC Technology Co (NYSE:DXC) by 280.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,278 shares of the company’s stock after purchasing an additional 93,120 shares during the period. Two Sigma Advisers LP’s holdings in DXC Technology were worth $6,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in DXC. Strategic Wealth Partners Ltd. lifted its holdings in DXC Technology by 3,925.0% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 322 shares of the company’s stock valued at $30,000 after buying an additional 314 shares in the last quarter. IMS Capital Management bought a new stake in shares of DXC Technology in the 3rd quarter valued at about $36,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of DXC Technology by 148.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 585 shares of the company’s stock valued at $31,000 after purchasing an additional 350 shares in the last quarter. Bruderman Asset Management LLC raised its holdings in shares of DXC Technology by 1,365.1% in the 4th quarter. Bruderman Asset Management LLC now owns 630 shares of the company’s stock valued at $34,000 after purchasing an additional 587 shares in the last quarter. Finally, Rational Advisors LLC raised its holdings in shares of DXC Technology by 203.5% in the 4th quarter. Rational Advisors LLC now owns 695 shares of the company’s stock valued at $37,000 after purchasing an additional 466 shares in the last quarter. 86.76% of the stock is owned by hedge funds and other institutional investors.
NYSE:DXC traded down $0.62 during trading hours on Friday, hitting $64.58. 1,443,195 shares of the company were exchanged, compared to its average volume of 1,423,996. The company has a market cap of $17.32 billion, a PE ratio of 8.13, a P/E/G ratio of 1.06 and a beta of 1.53. DXC Technology Co has a 52-week low of $49.19 and a 52-week high of $105.02. 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders 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 1.18%. The ex-dividend date of this dividend was Tuesday, March 26th. DXC Technology’s payout ratio is 9.57%.
Several equities research analysts have recently commented on DXC shares. Cantor Fitzgerald restated a “hold” rating and issued a $70.00 price target on shares of DXC Technology in a report on Monday, January 7th. BMO Capital Markets restated a “buy” rating and issued a $85.00 price target on shares of DXC Technology in a report on Monday, January 7th. SunTrust Banks lifted their price objective on shares of DXC Technology to $72.00 and gave the stock a “hold” rating in a research report on Monday, February 11th. Finally, Zacks Investment Research raised shares of DXC Technology from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $88.27.
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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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