Nissay Asset Management Corp Japan ADV Trims Position in DXC Technology Co (DXC)
Nissay Asset Management Corp Japan ADV cut its stake in DXC Technology Co (NYSE:DXC) by 6.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,119 shares of the company’s stock after selling 2,829 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in DXC Technology were worth $2,709,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Focused Wealth Management Inc purchased a new stake in shares of DXC Technology in the first quarter valued at about $113,000. Stephens Inc. AR purchased a new stake in shares of DXC Technology in the first quarter valued at about $321,000. Victory Capital Management Inc. raised its holdings in shares of DXC Technology by 11.0% in the first quarter. Victory Capital Management Inc. now owns 2,592,554 shares of the company’s stock valued at $166,728,000 after buying an additional 256,166 shares during the last quarter. Boston Partners raised its holdings in shares of DXC Technology by 3.0% in the first quarter. Boston Partners now owns 9,911,245 shares of the company’s stock valued at $637,393,000 after buying an additional 292,941 shares during the last quarter. Finally, Regentatlantic Capital LLC raised its holdings in shares of DXC Technology by 46.0% in the first quarter. Regentatlantic Capital LLC now owns 178,957 shares of the company’s stock valued at $11,509,000 after buying an additional 56,362 shares during the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.
Shares of DXC Technology stock opened at $57.00 on Thursday. DXC Technology Co has a 52-week low of $49.19 and a 52-week high of $101.81. 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 stock has a market cap of $15.02 billion, a PE ratio of 7.18, a PEG ratio of 0.91 and a beta of 1.51.
DXC has been the subject of a number of research reports. SunTrust Banks upped their target price on shares of DXC Technology to $72.00 and gave the company 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 stock presently has a consensus rating of “Buy” and a consensus price target of $88.27.
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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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