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 fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,451,488 shares of the company’s stock after buying an additional 272,173 shares during the quarter. DXC Technology makes up about 1.0% of Frontier Capital Management Co. LLC’s holdings, making the stock its 17th biggest holding. Frontier Capital Management Co. LLC owned 0.51% of DXC Technology worth $137,746,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in DXC Technology by 30,928.2% in the 2nd quarter. Vanguard Group Inc. now owns 20,771,226 shares of the company’s stock worth $1,593,568,000 after purchasing an additional 20,704,283 shares in the last quarter. Dodge & Cox bought a new position in DXC Technology in the 2nd quarter worth about $1,032,608,000. State Street Corp bought a new position in DXC Technology in the 2nd quarter worth about $898,855,000. Glenview Capital Management LLC bought a new position in DXC Technology in the 2nd quarter worth about $625,894,000. Finally, FMR LLC bought a new position in DXC Technology in the 2nd quarter worth about $375,799,000. 84.68% of the stock is currently owned by hedge funds and other institutional investors.

DXC Technology (NYSE:DXC) traded down $0.14 on Thursday, reaching $100.48. 1,360,000 shares of the company’s stock traded hands, compared to its average volume of 1,390,000. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.51. The company has a market cap of $28,700.00 and a PE ratio of 170.53. DXC Technology has a 1-year low of $64.06 and a 1-year high of $102.95.

DXC Technology (NYSE:DXC) last posted its earnings results on Tuesday, November 7th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.40. The business had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.07 billion. DXC Technology had a net margin of 1.88% and a return on equity of 17.83%. The business’s quarterly revenue was up 229.4% compared to the same quarter last year. research analysts forecast that DXC Technology will post 7.52 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Wednesday, December 6th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.72%. The ex-dividend date was Tuesday, December 5th.

DXC has been the topic of a number of analyst reports. Citigroup upped their price target on shares of DXC Technology to $107.00 in a research note on Wednesday, November 8th. Royal Bank of Canada reiterated a “buy” rating and issued a $87.00 price target on shares of DXC Technology in a research note on Friday, October 13th. Zacks Investment Research upgraded shares of DXC Technology from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research note on Tuesday, October 10th. Cowen reiterated a “hold” rating and issued a $85.00 price target on shares of DXC Technology in a research note on Thursday, October 12th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $93.00 price target on shares of DXC Technology in a research note on Wednesday, November 8th. Four investment 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’s stock. DXC Technology currently has a consensus rating of “Buy” and an average target price of $102.12.

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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 two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.

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

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