Franklin Resources Inc. lessened its holdings in DXC Technology (NYSE:DXC) by 42.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 3,951,847 shares of the company’s stock after selling 2,922,912 shares during the quarter. Franklin Resources Inc.’s holdings in DXC Technology were worth $397,283,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DXC. Bank of Montreal Can increased its stake in DXC Technology by 41.5% in the 4th quarter. Bank of Montreal Can now owns 155,421 shares of the company’s stock worth $14,750,000 after buying an additional 45,598 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in DXC Technology by 24.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,078,101 shares of the company’s stock worth $102,312,000 after buying an additional 213,029 shares in the last quarter. Acadian Asset Management LLC increased its stake in DXC Technology by 980.6% in the 4th quarter. Acadian Asset Management LLC now owns 3,890 shares of the company’s stock worth $369,000 after buying an additional 3,530 shares in the last quarter. James Investment Research Inc. increased its stake in DXC Technology by 18,704.8% in the 4th quarter. James Investment Research Inc. now owns 19,745 shares of the company’s stock worth $1,874,000 after buying an additional 19,640 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in DXC Technology by 1.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 50,499 shares of the company’s stock worth $4,793,000 after buying an additional 879 shares in the last quarter. Institutional investors and hedge funds own 83.99% of the company’s stock.

Shares of DXC Technology stock opened at $94.21 on Friday. The stock has a market cap of $26.91 billion, a PE ratio of 11.85, a PEG ratio of 1.00 and a beta of 0.94. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.48. DXC Technology has a twelve month low of $73.51 and a twelve month high of $107.85.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Thursday, May 24th. The company reported $2.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.22 by $0.06. The firm had revenue of $6.29 billion during the quarter, compared to analyst estimates of $6.12 billion. DXC Technology had a return on equity of 18.14% and a net margin of 7.13%. The business’s revenue was up 233.2% on a year-over-year basis. analysts anticipate that DXC Technology will post 8.15 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 17th. Investors of record on Wednesday, June 6th will be issued a $0.19 dividend. This is an increase from DXC Technology’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Tuesday, June 5th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.81%. DXC Technology’s dividend payout ratio (DPR) is presently 9.07%.

In related news, EVP William L. Deckelman, Jr. sold 2,886 shares of the stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $100.94, for a total value of $291,312.84. Following the completion of the transaction, the executive vice president now owns 13,082 shares of the company’s stock, valued at approximately $1,320,497.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John M. Lawrie sold 9,900 shares of the stock in a transaction dated Wednesday, April 11th. The shares were sold at an average price of $102.35, for a total transaction of $1,013,265.00. Following the completion of the transaction, the insider now directly owns 638,610 shares of the company’s stock, valued at approximately $65,361,733.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,886 shares of company stock valued at $2,343,380. 1.30% of the stock is owned by insiders.

DXC has been the subject of a number of analyst reports. Zacks Investment Research lowered DXC Technology from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Morgan Stanley increased their price target on DXC Technology from $104.00 to $114.00 and gave the stock an “overweight” rating in a research note on Monday, February 5th. Citigroup increased their price target on DXC Technology to $126.00 and gave the stock a “top pick” rating in a research note on Thursday, April 12th. SunTrust Banks upgraded DXC Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Finally, Deutsche Bank increased their price target on DXC Technology from $90.00 to $100.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. DXC Technology currently has a consensus rating of “Buy” and an average target price of $107.00.

About DXC Technology

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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Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)

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