Genesee Valley Trust Co. Grows Stake in DXC Technology (DXC)
Genesee Valley Trust Co. lifted its stake in shares of DXC Technology (NYSE:DXC) by 28.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,304 shares of the company’s stock after acquiring an additional 1,378 shares during the quarter. Genesee Valley Trust Co.’s holdings in DXC Technology were worth $598,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stuart Chaussee & Associates Inc. bought a new stake in shares of DXC Technology during the 4th quarter worth $100,000. Calton & Associates Inc. bought a new stake in shares of DXC Technology during the 4th quarter worth $112,000. Advisory Services Network LLC bought a new stake in shares of DXC Technology during the 2nd quarter worth $101,000. Cerebellum GP LLC bought a new stake in shares of DXC Technology during the 4th quarter worth $130,000. Finally, Patten Group Inc. bought a new stake in shares of DXC Technology during the 3rd quarter worth $320,000. 84.73% of the stock is owned by institutional investors and hedge funds.
Shares of DXC Technology (DXC) opened at $96.08 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $27,368.68, a P/E ratio of 162.85, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Wednesday, December 6th were issued a dividend of $0.18 per share. The ex-dividend date was Tuesday, December 5th. This represents a $0.72 annualized dividend and a dividend yield of 0.75%. DXC Technology’s dividend payout ratio is 122.03%.
Several equities research analysts have recently weighed in on DXC shares. Zacks Investment Research raised DXC Technology from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research note on Friday, October 20th. Citigroup raised their target price on DXC Technology to $107.00 in a research report on Wednesday, November 8th. Barclays raised their target price on DXC Technology from $108.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 21st. KeyCorp raised their target price on DXC Technology from $107.00 to $116.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 9th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $93.00 target price on shares of DXC Technology in a research report on Wednesday, November 8th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $102.71.
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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 two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.
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