DXC Technology Co (DXC) Shares Sold by First Mercantile Trust Co.
First Mercantile Trust Co. decreased its holdings in shares of DXC Technology Co (NYSE:DXC) by 25.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,742 shares of the company’s stock after selling 1,977 shares during the period. First Mercantile Trust Co.’s holdings in DXC Technology were worth $369,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. Legal & General Group Plc boosted its stake in shares of DXC Technology by 6.7% during the 3rd quarter. Legal & General Group Plc now owns 1,457,609 shares of the company’s stock worth $136,360,000 after purchasing an additional 91,635 shares during the last quarter. Vanguard Group Inc boosted its position in shares of DXC Technology by 0.6% in the third quarter. Vanguard Group Inc now owns 20,616,012 shares of the company’s stock worth $1,928,010,000 after acquiring an additional 122,686 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of DXC Technology by 1.9% in the fourth quarter. State of Alaska Department of Revenue now owns 47,912 shares of the company’s stock worth $2,546,000 after acquiring an additional 890 shares during the last quarter. Gateway Investment Advisers LLC boosted its position in shares of DXC Technology by 3.8% in the fourth quarter. Gateway Investment Advisers LLC now owns 13,438 shares of the company’s stock worth $714,000 after acquiring an additional 493 shares during the last quarter. Finally, DNB Asset Management AS boosted its position in shares of DXC Technology by 51.8% in the fourth quarter. DNB Asset Management AS now owns 54,956 shares of the company’s stock worth $2,922,000 after acquiring an additional 18,743 shares during the last quarter. Institutional investors own 86.71% of the company’s stock.
Several equities research analysts recently issued reports on DXC shares. SunTrust Banks raised their target price on shares of DXC Technology to $72.00 and gave the stock a “hold” rating in a research report on Monday, February 11th. Goldman Sachs Group cut shares of DXC Technology from a “conviction-buy” rating to a “buy” rating in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $88.27.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders 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 1.32%. DXC Technology’s dividend payout ratio (DPR) is 9.57%.
DXC Technology 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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