Catalyst Capital Advisors LLC acquired a new stake in DXC Technology Company. (NYSE:DXC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 140,164 shares of the company’s stock, valued at approximately $10,754,000. DXC Technology Company. makes up about 0.5% of Catalyst Capital Advisors LLC’s investment portfolio, making the stock its 29th largest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cribstone Capital Management LLC purchased a new position in shares of DXC Technology Company. during the first quarter valued at about $102,000. Westside Investment Management Inc. purchased a new position in shares of DXC Technology Company. during the first quarter valued at about $105,000. Oakworth Capital Inc. purchased a new position in shares of DXC Technology Company. during the second quarter valued at about $137,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of DXC Technology Company. during the second quarter valued at about $143,000. Finally, Bartlett & Co. LLC purchased a new position in shares of DXC Technology Company. during the first quarter valued at about $145,000. 51.07% of the stock is currently owned by institutional investors.

Shares of DXC Technology Company. (NYSE:DXC) opened at 82.05 on Friday. The company has a market cap of $23.29 billion, a PE ratio of 258.83 and a beta of 1.11. DXC Technology Company. has a 12 month low of $45.37 and a 12 month high of $84.50. The firm’s 50-day moving average price is $78.64 and its 200 day moving average price is $74.17.

DXC Technology Company. (NYSE:DXC) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.34. DXC Technology Company. had a return on equity of 14.82% and a net margin of 0.49%. The business had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.95 billion. Equities research analysts anticipate that DXC Technology Company. will post $6.79 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Friday, September 1st. DXC Technology Company.’s dividend payout ratio is currently -315.79%.

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Several brokerages recently issued reports on DXC. Stifel Nicolaus reissued a “hold” rating and issued a $86.00 price objective on shares of DXC Technology Company. in a research note on Thursday. TheStreet raised DXC Technology Company. from a “c” rating to a “b” rating in a research note on Tuesday. Cowen and Company reissued a “hold” rating and issued a $77.00 price objective on shares of DXC Technology Company. in a research note on Thursday. Goldman Sachs Group, Inc. (The) raised DXC Technology Company. from a “buy” rating to a “conviction-buy” rating and increased their price objective 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 issued a $94.00 price objective (up previously from $92.00) on shares of DXC Technology Company. in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $87.33.

In other news, EVP Michael G. Nefkens sold 128,328 shares of the company’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $80.03, for a total transaction of $10,270,089.84. Following the sale, the executive vice president now owns 25,447 shares of the company’s stock, valued at $2,036,523.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul N. Saleh sold 59,824 shares of the company’s stock in a transaction 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 sale, the chief financial officer now directly owns 196,113 shares in the company, valued at approximately $15,312,503.04. The disclosure for this sale can be found here. Insiders have sold 292,396 shares of company stock worth $23,335,020 in the last ninety days. Corporate 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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