Frontier Capital Management Co. LLC Acquires 272,173 Shares of DXC Technology (DXC)
Frontier Capital Management Co. LLC lifted its holdings in DXC Technology (NYSE:DXC) by 23.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,451,488 shares of the company’s stock after purchasing an additional 272,173 shares during the period. DXC Technology comprises approximately 1.0% of Frontier Capital Management Co. LLC’s holdings, making the stock its 17th biggest position. Frontier Capital Management Co. LLC’s holdings in DXC Technology were worth $137,746,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. Acadian Asset Management LLC lifted its stake in shares of 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 purchasing an additional 3,530 shares during the period. CAPROCK Group Inc. bought a new position in shares of DXC Technology in the 4th quarter worth approximately $250,000. Schwab Charles Investment Management Inc. lifted its stake in shares of 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 purchasing an additional 213,029 shares during the period. National Pension Service increased its holdings in DXC Technology by 114.6% in the 4th quarter. National Pension Service now owns 284,990 shares of the company’s stock worth $27,046,000 after acquiring an additional 152,163 shares in the last quarter. Finally, Burke & Herbert Bank & Trust Co. purchased a new stake in DXC Technology in the 4th quarter worth approximately $259,000. Hedge funds and other institutional investors own 84.68% of the company’s stock.
Shares of DXC Technology (NYSE DXC) traded down $0.14 on Thursday, reaching $100.48. 1,360,000 shares of the company’s stock were exchanged, compared to its average volume of 1,390,000. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.00. DXC Technology has a twelve month low of $64.06 and a twelve month high of $102.95. The stock has a market cap of $28,700.00 and a price-to-earnings ratio of 170.53.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Wednesday, December 6th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Tuesday, December 5th.
Several equities research analysts recently issued reports on the stock. Citigroup reissued a “buy” rating and issued a $117.00 target price (up from $107.00) on shares of DXC Technology in a report on Thursday. Zacks Investment Research raised shares of DXC Technology from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a report on Friday, October 20th. Cowen reissued a “hold” rating and issued a $85.00 target price on shares of DXC Technology in a report on Thursday, October 12th. BMO Capital Markets increased their target price on shares of DXC Technology from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, October 12th. Finally, Evercore ISI assumed coverage on shares of DXC Technology in a report on Tuesday, October 17th. They issued an “outperform” rating and a $115.00 target price for the company. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $102.12.
TRADEMARK VIOLATION NOTICE: This piece of content was published by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another site, it was stolen and republished in violation of U.S. and international copyright legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/frontier-capital-management-co-llc-acquires-272173-shares-of-dxc-technology-dxc/1812564.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.