DXC Technology Co (DXC) Shares Sold by Private Advisor Group LLC
Private Advisor Group LLC lessened its stake in shares of DXC Technology Co (NYSE:DXC) by 41.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,002 shares of the company’s stock after selling 2,781 shares during the period. Private Advisor Group LLC’s holdings in DXC Technology were worth $212,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in DXC. Strategic Wealth Partners Ltd. lifted its stake 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 acquiring an additional 314 shares during the period. IMS Capital Management acquired a new stake in DXC Technology during the 3rd quarter valued at approximately $36,000. Benjamin F. Edwards & Company Inc. lifted its stake in 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 acquiring an additional 350 shares during the period. Rational Advisors LLC lifted its stake in 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 acquiring an additional 466 shares during the period. Finally, Lindbrook Capital LLC acquired a new stake in DXC Technology during the 4th quarter valued at approximately $42,000. 84.12% of the stock is currently owned by institutional investors.
DXC opened at $65.75 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. DXC Technology Co has a 1 year low of $49.19 and a 1 year high of $107.85. The firm has a market capitalization of $17.65 billion, a P/E ratio of 8.28, a PEG ratio of 1.20 and a beta of 1.54.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Wednesday, March 27th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Tuesday, March 26th. DXC Technology’s dividend payout ratio is presently 9.57%.
DXC has been the subject of several research reports. BMO Capital Markets restated a “buy” rating and set a $85.00 price objective on shares of DXC Technology in a research note on Monday, January 7th. Zacks Investment Research upgraded shares of DXC Technology from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Tuesday, January 8th. SunTrust Banks lifted their price objective on shares of DXC Technology to $72.00 and gave the company a “hold” rating in a research note on Monday, February 11th. Cantor Fitzgerald restated a “hold” rating and set a $70.00 price objective on shares of DXC Technology in a research note on Monday, January 7th. Finally, Cowen upgraded shares of DXC Technology from a “market perform” rating to an “outperform” rating in a research note on Monday, November 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $91.42.
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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