Anchor Capital Advisors LLC Cuts Stake in DXC Technology (DXC)

Anchor Capital Advisors LLC trimmed its holdings in DXC Technology (NYSE:DXC) by 1.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 135,537 shares of the company’s stock after selling 2,010 shares during the period. Anchor Capital Advisors LLC’s holdings in DXC Technology were worth $13,626,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DXC. UBS Asset Management Americas Inc. raised its stake in shares of DXC Technology by 319,135.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,049,489 shares of the company’s stock valued at $194,497,000 after acquiring an additional 2,048,847 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in DXC Technology by 12.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 11,444,641 shares of the company’s stock valued at $1,150,530,000 after buying an additional 1,292,715 shares in the last quarter. Millennium Management LLC raised its stake in DXC Technology by 76.4% in the fourth quarter. Millennium Management LLC now owns 1,411,526 shares of the company’s stock valued at $133,954,000 after buying an additional 611,366 shares in the last quarter. First Trust Advisors LP raised its stake in DXC Technology by 122.6% in the fourth quarter. First Trust Advisors LP now owns 793,350 shares of the company’s stock valued at $75,289,000 after buying an additional 436,882 shares in the last quarter. Finally, Eagle Asset Management Inc. acquired a new stake in DXC Technology in the fourth quarter valued at $39,107,000. Institutional investors own 83.90% of the company’s stock.

In other DXC Technology news, insider John M. Lawrie sold 5,000 shares of the firm’s stock in a transaction on Friday, April 27th. The shares were sold at an average price of $103.04, for a total value of $515,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John M. Lawrie sold 9,900 shares of the firm’s stock in a transaction dated Wednesday, April 11th. The stock was sold at an average price of $102.35, for a total transaction of $1,013,265.00. Following the transaction, the insider now directly owns 638,610 shares of the company’s stock, valued at $65,361,733.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,886 shares of company stock worth $2,343,380. 1.30% of the stock is currently owned by company insiders.

A number of analysts have weighed in on the company. Cantor Fitzgerald restated a “neutral” rating and issued a $97.00 price target on shares of DXC Technology in a research note on Friday, May 25th. BMO Capital Markets reaffirmed a “buy” rating on shares of DXC Technology in a report on Friday, February 23rd. SunTrust Banks lowered their price target on DXC Technology from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, May 30th. Morgan Stanley lowered their price target on DXC Technology from $114.00 to $101.00 and set an “overweight” rating on the stock in a report on Friday, June 1st. Finally, Berenberg Bank started coverage on shares of DXC Technology in a research report on Wednesday, April 18th. They set a “hold” rating and a $100.00 price target for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. DXC Technology has a consensus rating of “Buy” and a consensus target price of $105.59.

NYSE DXC traded down $0.03 on Thursday, hitting $84.45. The stock had a trading volume of 1,667,877 shares, compared to its average volume of 1,915,925. DXC Technology has a one year low of $73.51 and a one year high of $107.85. The stock has a market cap of $24.18 billion, a price-to-earnings ratio of 10.64, a price-to-earnings-growth ratio of 0.99 and a beta of 0.92. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.46.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Thursday, May 24th. The company reported $2.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.22 by $0.06. DXC Technology had a net margin of 7.13% and a return on equity of 17.74%. The business had revenue of $6.29 billion during the quarter, compared to the consensus estimate of $6.12 billion. The business’s revenue for the quarter was up 233.2% on a year-over-year basis. equities research analysts expect that DXC Technology will post 8.18 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 17th. Shareholders of record on Wednesday, June 6th will be given a $0.19 dividend. This is an increase from DXC Technology’s previous quarterly dividend of $0.18. The ex-dividend date is Tuesday, June 5th. This represents a $0.76 dividend on an annualized basis and a yield of 0.90%. DXC Technology’s dividend payout ratio is presently 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).

Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)

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