Private Advisor Group LLC Has $212,000 Position in DXC Technology Co (DXC)
Private Advisor Group LLC lowered its position in DXC Technology Co (NYSE:DXC) by 41.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,002 shares of the company’s stock after selling 2,781 shares during the period. Private Advisor Group LLC’s holdings in DXC Technology were worth $212,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Strategic Wealth Partners Ltd. lifted its position in DXC Technology by 3,925.0% in the third quarter. Strategic Wealth Partners Ltd. now owns 322 shares of the company’s stock valued at $30,000 after buying an additional 314 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in DXC Technology by 148.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 585 shares of the company’s stock valued at $31,000 after buying an additional 350 shares during the last quarter. IMS Capital Management acquired a new position in DXC Technology in the third quarter valued at about $36,000. Rational Advisors LLC lifted its position in DXC Technology by 203.5% in the fourth quarter. Rational Advisors LLC now owns 695 shares of the company’s stock valued at $37,000 after buying an additional 466 shares during the last quarter. Finally, Lindbrook Capital LLC acquired a new stake in shares of DXC Technology during the fourth quarter worth about $42,000. 84.12% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on DXC. SunTrust Banks increased their price target on shares of DXC Technology to $72.00 and gave the stock a “hold” rating in a research report on Monday, February 11th. Zacks Investment Research raised shares of DXC Technology from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Tuesday, January 8th. BMO Capital Markets reissued a “buy” rating and set a $85.00 price target on shares of DXC Technology in a research report on Monday, January 7th. Cantor Fitzgerald reissued a “hold” rating and set a $70.00 price target on shares of DXC Technology in a research report on Monday, January 7th. Finally, Cowen raised shares of DXC Technology from a “market perform” rating to an “outperform” rating in a research report on Monday, November 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $91.42.
DXC Technology (NYSE:DXC) last issued its earnings results 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. The firm had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.16 billion. DXC Technology had a net margin of 7.09% and a return on equity of 19.78%. The firm’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.86 earnings per share. As a group, analysts predict that DXC Technology Co will post 8.24 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 16th. Investors of record on Wednesday, March 27th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, March 26th. This represents a $0.76 annualized dividend and a yield of 1.16%. DXC Technology’s dividend payout ratio (DPR) is 9.57%.
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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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
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