Meeder Asset Management Inc. raised its stake in DXC Technology Co (NYSE:DXC) by 681.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,723 shares of the company’s stock after buying an additional 45,108 shares during the period. Meeder Asset Management Inc.’s holdings in DXC Technology were worth $2,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in DXC. Boston Partners raised its holdings in shares of DXC Technology by 3.0% in the 1st quarter. Boston Partners now owns 9,911,245 shares of the company’s stock valued at $637,393,000 after purchasing an additional 292,941 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of DXC Technology by 11.3% in the 4th quarter. Geode Capital Management LLC now owns 4,452,857 shares of the company’s stock valued at $236,418,000 after purchasing an additional 451,768 shares in the last quarter. FMR LLC raised its holdings in shares of DXC Technology by 6.8% in the 1st quarter. FMR LLC now owns 3,849,597 shares of the company’s stock valued at $247,567,000 after purchasing an additional 245,363 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of DXC Technology by 14.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,299,958 shares of the company’s stock valued at $175,464,000 after purchasing an additional 411,494 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of DXC Technology by 11.0% in the 1st quarter. Victory Capital Management Inc. now owns 2,592,554 shares of the company’s stock valued at $166,728,000 after purchasing an additional 256,166 shares in the last quarter. 86.39% of the stock is owned by institutional investors.
NYSE DXC traded up $0.46 during mid-day trading on Tuesday, reaching $34.05. 57,086 shares of the stock were exchanged, compared to its average volume of 4,548,837. The business’s 50 day moving average is $50.49 and its 200-day moving average is $58.35. DXC Technology Co has a 1 year low of $30.11 and a 1 year high of $96.75. The company has a market capitalization of $8.33 billion, a P/E ratio of 4.07, a P/E/G ratio of 1.11 and a beta of 1.74. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.88 and a current ratio of 0.88.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, September 4th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Tuesday, September 3rd. DXC Technology’s dividend payout ratio (DPR) is presently 10.07%.
DXC has been the subject of several recent research reports. Royal Bank of Canada restated a “buy” rating on shares of DXC Technology in a report on Sunday, August 11th. Bank of America reduced their price target on shares of DXC Technology from $64.00 to $56.00 and set a “buy” rating for the company in a report on Friday, August 9th. Goldman Sachs Group lowered shares of DXC Technology from a “conviction-buy” rating to a “buy” rating in a report on Monday, April 22nd. Wells Fargo & Co reduced their price target on shares of DXC Technology from $72.00 to $55.00 and set a “market perform” rating for the company in a report on Friday, May 24th. Finally, Cowen reduced their price target on shares of DXC Technology from $83.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $69.17.
In related news, CEO John M. Lawrie acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were acquired at an average cost of $49.56 per share, with a total value of $495,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joanne Mason sold 48,679 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of $51.99, for a total transaction of $2,530,821.21. The disclosure for this sale can be found here. Insiders have purchased 22,066 shares of company stock worth $1,153,043 over the last three months. 0.81% of the stock is currently owned by insiders.
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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