Cigna Investments Inc. New purchased a new position in DXC Technology Company. (NYSE:DXC) during the second quarter, Holdings Channel reports. The fund purchased 15,214 shares of the company’s stock, valued at approximately $1,170,000.

A number of other institutional investors have also added to or reduced their stakes in DXC. Cribstone Capital Management LLC acquired a new position in DXC Technology Company. during the first quarter worth $102,000. Westside Investment Management Inc. acquired a new position in DXC Technology Company. during the first quarter worth $105,000. Oakworth Capital Inc. acquired a new position in DXC Technology Company. during the second quarter worth $137,000. Whittier Trust Co. of Nevada Inc. acquired a new position in DXC Technology Company. during the second quarter worth $143,000. Finally, Bartlett & Co. LLC acquired a new position in DXC Technology Company. during the first quarter worth $145,000. 51.07% of the stock is owned by institutional investors.

Shares of DXC Technology Company. (NYSE DXC) opened at 82.98 on Thursday. The firm’s 50-day moving average price is $78.35 and its 200 day moving average price is $73.95. The stock’s market capitalization is $11.72 billion. DXC Technology Company. has a 1-year low of $45.37 and a 1-year high of $84.50.

DXC Technology Company. (NYSE:DXC) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.34. DXC Technology Company. had a return on equity of 36.87% and a net margin of 0.49%. The firm had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.95 billion. Equities research analysts expect that DXC Technology Company. will post $6.86 earnings per share for the current fiscal year.

The business also recently disclosed a special dividend, which was paid on Tuesday, July 11th. Investors of record on Tuesday, June 13th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, June 9th. DXC Technology Company.’s dividend payout ratio is currently -315.79%.

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A number of research firms recently weighed in on DXC. TheStreet raised DXC Technology Company. from a “c” rating to a “b” rating in a report on Tuesday. Stifel Nicolaus reiterated a “hold” rating and set a $86.00 price objective on shares of DXC Technology Company. in a research note on Thursday. BMO Capital Markets boosted their price objective on DXC Technology Company. from $92.00 to $94.00 and gave the stock an “outperform” rating in a research note on Wednesday. Royal Bank Of Canada reiterated a “buy” rating and set a $87.00 price objective on shares of DXC Technology Company. in a research note on Tuesday, June 6th. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $75.00 price objective on shares of DXC Technology Company. in a research note on Friday, May 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. DXC Technology Company. presently has a consensus rating of “Buy” and an average target price of $87.91.

In related news, Director Margaret C. Whitman sold 8,600 shares of DXC Technology Company. stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $77.18, for a total transaction of $663,748.00. Following the completion of the transaction, the director now directly owns 111,229 shares in the company, valued at approximately $8,584,654.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul N. Saleh sold 59,824 shares of DXC Technology Company. stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $78.08, for a total value of $4,671,057.92. Following the transaction, the chief financial officer now owns 196,113 shares of the company’s stock, valued at $15,312,503.04. The disclosure for this sale can be found here. Insiders have sold a total of 251,936 shares of company stock valued at $19,995,452 over the last 90 days. Insiders own 1.30% of the company’s stock.

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

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