ARGA Investment Management LP bought a new position in DXC Technology Company. (NYSE:DXC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,362 shares of the company’s stock, valued at approximately $1,639,000.

Other hedge funds also recently added to or reduced their stakes in the company. Westside Investment Management Inc. bought a new stake in DXC Technology Company. during the first quarter worth approximately $105,000. Hanson McClain Inc. bought a new stake in DXC Technology Company. during the second quarter worth approximately $105,000. Cribstone Capital Management LLC boosted its stake in DXC Technology Company. by 4.7% in the second quarter. Cribstone Capital Management LLC now owns 1,408 shares of the company’s stock worth $108,000 after buying an additional 63 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in DXC Technology Company. during the second quarter worth approximately $128,000. Finally, First Personal Financial Services bought a new stake in DXC Technology Company. during the second quarter worth approximately $130,000. 85.04% of the stock is owned by institutional investors and hedge funds.

Shares of DXC Technology Company. (DXC) traded up 0.37% during mid-day trading on Thursday, reaching $84.74. 56,204 shares of the company traded hands. DXC Technology Company. has a 52 week low of $64.06 and a 52 week high of $86.08. The stock’s 50-day moving average is $80.59 and its 200-day moving average is $75.68. The company has a market capitalization of $24.12 billion, a P/E ratio of 267.32 and a beta of 1.11.

DXC Technology Company. (NYSE:DXC) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.34. DXC Technology Company. had a net margin of 0.49% and a return on equity of 17.51%. The company had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.95 billion. On average, equities analysts predict that DXC Technology Company. will post $6.81 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Friday, September 1st. DXC Technology Company.’s dividend payout ratio is presently -315.79%.

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A number of research firms have recently commented on DXC. Stifel Nicolaus reissued a “hold” rating and set a $86.00 target price on shares of DXC Technology Company. in a research note on Thursday, August 10th. TheStreet raised shares of DXC Technology Company. from a “c” rating to a “b” rating in a research note on Tuesday, August 8th. Cowen and Company reissued a “hold” rating and set a $77.00 target price on shares of DXC Technology Company. in a research note on Thursday, August 10th. Goldman Sachs Group Inc raised shares of DXC Technology Company. from a “buy” rating to a “conviction-buy” rating and boosted their target price for the stock from $85.00 to $90.00 in a research note on Tuesday, May 9th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $94.00 target price (up previously from $92.00) on shares of DXC Technology Company. in a research note on Wednesday, August 9th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. DXC Technology Company. currently has a consensus rating of “Buy” and an average price target of $88.31.

In other DXC Technology Company. news, EVP Michael G. Nefkens sold 128,328 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $80.03, for a total transaction of $10,270,089.84. Following the completion of the sale, the executive vice president now directly owns 25,447 shares of the company’s stock, valued at $2,036,523.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Paul N. Saleh sold 80,922 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $84.01, for a total transaction of $6,798,257.22. Following the sale, the chief financial officer now directly owns 217,211 shares of the company’s stock, valued at $18,247,896.11. The disclosure for this sale can be found here. Insiders have sold 373,318 shares of company stock valued at $30,133,277 over the last ninety days. Insiders own 1.30% of the company’s stock.

About DXC Technology Company.

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.

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

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