Huntington National Bank lessened its stake in DXC Technology (NYSE:DXC) by 5.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,558 shares of the company’s stock after selling 605 shares during the period. Huntington National Bank’s holdings in DXC Technology were worth $1,002,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently bought and sold shares of the business. Boston Partners grew its position in DXC Technology by 4.4% in the 3rd quarter. Boston Partners now owns 12,688,006 shares of the company’s stock worth $1,089,645,000 after purchasing an additional 532,468 shares during the period. JPMorgan Chase & Co. grew its position in DXC Technology by 67.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,030,749 shares of the company’s stock worth $341,768,000 after purchasing an additional 1,619,573 shares during the period. Investec Asset Management LTD grew its position in DXC Technology by 153.8% in the 3rd quarter. Investec Asset Management LTD now owns 3,835,559 shares of the company’s stock worth $329,398,000 after purchasing an additional 2,324,095 shares during the period. Janus Henderson Group PLC grew its position in DXC Technology by 27.4% in the 3rd quarter. Janus Henderson Group PLC now owns 3,252,957 shares of the company’s stock worth $279,377,000 after purchasing an additional 699,026 shares during the period. Finally, American Century Companies Inc. grew its position in DXC Technology by 16.2% in the 3rd quarter. American Century Companies Inc. now owns 2,876,889 shares of the company’s stock worth $247,067,000 after purchasing an additional 400,250 shares during the period. 84.73% of the stock is owned by institutional investors and hedge funds.
DXC Technology (DXC) opened at $91.92 on Friday. The firm has a market cap of $27,408.62, a price-to-earnings ratio of 17.53, a PEG ratio of 1.22 and a beta of 1.04. DXC Technology has a one year low of $67.76 and a one year high of $102.95. 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 company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Wednesday, December 6th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Tuesday, December 5th. DXC Technology’s dividend payout ratio (DPR) is 122.03%.
A number of equities research analysts have commented on the stock. Morgan Stanley lifted their target price on shares of DXC Technology from $104.00 to $114.00 and gave the stock an “overweight” rating in a research report on Monday. Zacks Investment Research downgraded shares of DXC Technology from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. SunTrust Banks raised shares of DXC Technology from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Citigroup reaffirmed a “buy” rating and issued a $117.00 target price (up previously from $107.00) on shares of DXC Technology in a research report on Thursday, January 18th. Finally, KeyCorp lifted their target price on shares of DXC Technology from $107.00 to $116.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 9th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. DXC Technology currently has an average rating of “Buy” and a consensus price target of $102.71.
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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 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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