Wetherby Asset Management Inc. Raises Stock Position in DXC Technology Co (NYSE:DXC)
Wetherby Asset Management Inc. grew its holdings in DXC Technology Co (NYSE:DXC) by 43.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,921 shares of the company’s stock after buying an additional 2,111 shares during the period. Wetherby Asset Management Inc.’s holdings in DXC Technology were worth $204,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of DXC Technology by 23.2% during the 2nd quarter. Vanguard Group Inc. now owns 25,403,686 shares of the company’s stock worth $1,401,012,000 after purchasing an additional 4,785,824 shares during the period. Maverick Capital Ltd. boosted its stake in shares of DXC Technology by 35.4% during the 2nd quarter. Maverick Capital Ltd. now owns 7,254,821 shares of the company’s stock worth $400,103,000 after purchasing an additional 1,897,988 shares during the period. Invesco Ltd. lifted its holdings in DXC Technology by 133.7% during the 2nd quarter. Invesco Ltd. now owns 4,199,338 shares of the company’s stock valued at $231,593,000 after buying an additional 2,402,773 shares in the last quarter. Putnam Investments LLC lifted its holdings in DXC Technology by 1.4% during the 2nd quarter. Putnam Investments LLC now owns 4,041,939 shares of the company’s stock valued at $222,913,000 after buying an additional 56,096 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in DXC Technology by 23.4% during the 2nd quarter. Prudential Financial Inc. now owns 3,308,632 shares of the company’s stock valued at $182,471,000 after buying an additional 626,625 shares in the last quarter. 86.47% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:DXC traded up $0.54 during trading hours on Friday, hitting $30.08. The company’s stock had a trading volume of 4,968,533 shares, compared to its average volume of 3,215,017. DXC Technology Co has a 52 week low of $26.02 and a 52 week high of $69.45. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of 3.61, a P/E/G ratio of 1.04 and a beta of 1.92. The firm’s fifty day moving average price is $28.51 and its 200 day moving average price is $44.27.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Wednesday, December 4th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Tuesday, December 3rd. DXC Technology’s payout ratio is currently 10.07%.
A number of equities research analysts recently weighed in on DXC shares. Cfra reiterated a “hold” rating on shares of DXC Technology in a report on Thursday, September 12th. Bank of America decreased their price objective 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. Zacks Investment Research lowered shares of DXC Technology from a “hold” rating to a “sell” rating and set a $29.00 price objective for the company. in a report on Thursday, October 17th. Evercore ISI reiterated a “hold” rating on shares of DXC Technology in a report on Monday, September 16th. Finally, Moffett Nathanson decreased their price objective on shares of DXC Technology from $43.00 to $36.00 and set a “neutral” rating for the company in a report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. DXC Technology currently has an average rating of “Hold” and an average price target of $54.31.
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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