Schwab Charles Investment Management Inc. grew its holdings in shares of DXC Technology (NYSE:DXC) by 24.6% in the 4th quarter, Holdings Channel reports. The firm owned 1,078,101 shares of the company’s stock after acquiring an additional 213,029 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in DXC Technology were worth $102,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also made changes to their positions in the company. Advisory Services Network LLC purchased a new stake in shares of DXC Technology during the 2nd quarter valued at $101,000. Pinebridge Investments L.P. purchased a new stake in shares of DXC Technology during the 2nd quarter valued at $106,000. Westside Investment Management Inc. increased its position in shares of DXC Technology by 3.4% during the 2nd quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock valued at $118,000 after purchasing an additional 50 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of DXC Technology during the 2nd quarter valued at $169,000. Finally, Quadrant Capital Group LLC purchased a new stake in shares of DXC Technology during the 2nd quarter valued at $180,000. 84.89% of the stock is owned by hedge funds and other institutional investors.
DXC Technology (NYSE DXC) opened at $99.55 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $28,241.60, a price-to-earnings ratio of 18.07, a PEG ratio of 1.25 and a beta of 1.05. DXC Technology has a 12 month low of $67.76 and a 12 month high of $102.95.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Wednesday, December 6th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $0.72 annualized dividend and a dividend yield of 0.72%. DXC Technology’s payout ratio is 122.03%.
Several equities research analysts have recently issued reports on the company. SunTrust Banks raised DXC Technology from a “hold” rating to a “buy” rating in a research report on Wednesday. Cantor Fitzgerald raised their target price on DXC Technology from $79.00 to $87.00 and gave the company a “neutral” rating in a research report on Friday, October 13th. Cowen reaffirmed a “hold” rating and set a $85.00 target price on shares of DXC Technology in a research report on Thursday, October 12th. KeyCorp reaffirmed an “overweight” rating and set a $99.00 target price (up from $92.00) on shares of DXC Technology in a research report on Monday, October 9th. Finally, Zacks Investment Research raised DXC Technology from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research report on Tuesday, October 10th. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $102.12.
TRADEMARK VIOLATION WARNING: This story was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://www.com-unik.info/2018/02/01/schwab-charles-investment-management-inc-has-102-31-million-position-in-dxc-technology-dxc.html.
DXC Technology Company 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.
Want to see what other hedge funds are holding DXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DXC Technology (NYSE:DXC).
Receive News & Ratings for DXC Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXC Technology and related companies with MarketBeat.com's FREE daily email newsletter.