Gateway Investment Advisers LLC Reduces Holdings in DXC Technology (DXC)
Gateway Investment Advisers LLC lessened its stake in DXC Technology (NYSE:DXC) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 40,433 shares of the company’s stock after selling 2,230 shares during the quarter. Gateway Investment Advisers LLC’s holdings in DXC Technology were worth $3,837,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new stake in DXC Technology in the second quarter worth approximately $101,000. Pinebridge Investments L.P. bought a new stake in DXC Technology in the second quarter worth approximately $106,000. Westside Investment Management Inc. grew its position in DXC Technology by 3.4% in the second quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock worth $118,000 after acquiring an additional 50 shares in the last quarter. Sun Life Financial INC bought a new stake in DXC Technology in the second quarter worth approximately $159,000. Finally, Tower Research Capital LLC TRC bought a new stake in DXC Technology in the second quarter worth approximately $169,000. Hedge funds and other institutional investors own 84.75% of the company’s stock.
Shares of DXC Technology (NYSE:DXC) opened at $101.71 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $28,806.44, a price-to-earnings ratio of 172.39, a P/E/G ratio of 1.28 and a beta of 1.05. DXC Technology has a 1-year low of $67.76 and a 1-year high of $102.95.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Wednesday, December 6th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Tuesday, December 5th. DXC Technology’s dividend payout ratio is currently 122.03%.
DXC has been the subject of several recent research reports. Zacks Investment Research raised shares of DXC Technology from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research report on Tuesday, October 10th. KeyCorp reissued an “overweight” rating and issued a $99.00 target price (up from $92.00) on shares of DXC Technology in a research report on Monday, October 9th. Citigroup boosted their target price on shares of DXC Technology from $97.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Morgan Stanley reissued an “overweight” rating and issued a $104.00 target price (up from $86.00) on shares of DXC Technology in a research report on Wednesday, October 18th. They noted that the move was a valuation call. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $87.00 target price on shares of DXC Technology in a research report on Friday, October 13th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. DXC Technology presently has an average rating of “Buy” and an average target price of $102.12.
TRADEMARK VIOLATION NOTICE: “Gateway Investment Advisers LLC Reduces Holdings in DXC Technology (DXC)” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://www.thecerbatgem.com/2018/01/23/gateway-investment-advisers-llc-reduces-holdings-in-dxc-technology-dxc.html.
About DXC Technology
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.