Mn Services Vermogensbeheer B.V. lowered its stake in shares of DXC Technology Co (NYSE:DXC) by 0.8% in the first quarter, HoldingsChannel.com reports. The firm owned 156,442 shares of the company’s stock after selling 1,300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in DXC Technology were worth $10,061,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in DXC Technology in the 4th quarter valued at approximately $295,000. BlackRock Inc. boosted its position in DXC Technology by 6.3% in the 4th quarter. BlackRock Inc. now owns 19,400,215 shares of the company’s stock valued at $1,031,510,000 after buying an additional 1,153,292 shares during the period. Machina Capital S.A.S. purchased a new position in DXC Technology in the 4th quarter valued at approximately $418,000. Triangle Securities Wealth Management purchased a new position in DXC Technology in the 1st quarter valued at approximately $781,000. Finally, Pendal Group Ltd boosted its position in DXC Technology by 2.0% in the 4th quarter. Pendal Group Ltd now owns 36,057 shares of the company’s stock valued at $1,917,000 after buying an additional 705 shares during the period. 86.71% of the stock is owned by hedge funds and other institutional investors.
DXC has been the subject of several recent research reports. SunTrust Banks raised their price target on shares of DXC Technology to $72.00 and gave the company a “hold” rating in a research report on Monday, February 11th. Goldman Sachs Group cut shares of DXC Technology from a “conviction-buy” rating to a “buy” rating in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. DXC Technology currently has a consensus rating of “Buy” and a consensus target price of $88.27.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Wednesday, March 27th were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, March 26th. This represents a $0.76 annualized dividend and a dividend yield of 1.33%. DXC Technology’s dividend payout ratio (DPR) is currently 9.57%.
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).
Further Reading: Support Level
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 Co (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.