Triangle Securities Wealth Management acquired a new position in DXC Technology Co (NYSE:DXC) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,914 shares of the company’s stock, valued at approximately $781,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in DXC Technology by 0.6% in the third quarter. Vanguard Group Inc. now owns 20,616,012 shares of the company’s stock worth $1,928,010,000 after purchasing an additional 122,686 shares during the period. Vanguard Group Inc increased its position in DXC Technology by 0.6% in the third quarter. Vanguard Group Inc now owns 20,616,012 shares of the company’s stock worth $1,928,010,000 after purchasing an additional 122,686 shares during the period. BlackRock Inc. increased its position in DXC Technology by 6.3% in the fourth quarter. BlackRock Inc. now owns 19,400,215 shares of the company’s stock worth $1,031,510,000 after purchasing an additional 1,153,292 shares during the period. Oregon Public Employees Retirement Fund increased its position in DXC Technology by 10,644.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,088,667 shares of the company’s stock worth $171,000 after purchasing an additional 9,004,080 shares during the period. Finally, Lunia Capital LP increased its position in DXC Technology by 2,128.2% in the fourth quarter. Lunia Capital LP now owns 5,973,862 shares of the company’s stock worth $5,974,000 after purchasing an additional 5,705,759 shares during the period. Hedge funds and other institutional investors own 86.73% of the company’s stock.

Shares of DXC Technology stock traded up $0.19 during trading on Wednesday, hitting $63.79. 15,982 shares of the company were exchanged, compared to its average volume of 2,203,413. DXC Technology Co has a 1-year low of $49.19 and a 1-year high of $105.02. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $17.06 billion, a P/E ratio of 8.03, a PEG ratio of 1.08 and a beta of 1.53.

DXC Technology (NYSE:DXC) last released its quarterly earnings data on Thursday, February 7th. The company reported $2.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.04 by $0.19. DXC Technology had a return on equity of 19.78% and a net margin of 7.09%. The business had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.16 billion. During the same quarter in the previous year, the business posted $1.86 EPS. DXC Technology’s revenue for the quarter was down 5.2% on a year-over-year basis. Research analysts anticipate that DXC Technology Co will post 8.24 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 16th. Stockholders of record on Wednesday, March 27th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Tuesday, March 26th. DXC Technology’s dividend payout ratio (DPR) is presently 9.57%.

DXC has been the subject of several analyst reports. BMO Capital Markets restated a “buy” rating and set a $85.00 target price on shares of DXC Technology in a research report on Monday, January 7th. Zacks Investment Research upgraded DXC Technology from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research report on Tuesday, January 8th. SunTrust Banks boosted their target price on DXC Technology to $72.00 and gave the stock a “hold” rating in a research report on Monday, February 11th. Finally, Cantor Fitzgerald restated a “hold” rating and set a $70.00 target price on shares of DXC Technology in a research report on Monday, January 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $91.42.

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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 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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