Dorsey & Whitney Trust CO LLC bought a new stake in DXC Technology Company. (NYSE:DXC) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,949 shares of the company’s stock, valued at approximately $227,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DXC. Private Advisor Group LLC acquired a new position in DXC Technology Company. in the first quarter valued at about $295,000. Neuberger Berman Group LLC purchased a new stake in DXC Technology Company. during the first quarter worth about $233,000. Suffolk Capital Management LLC purchased a new stake in DXC Technology Company. during the first quarter worth about $14,643,000. Credit Agricole S A purchased a new stake in DXC Technology Company. during the first quarter worth about $4,617,000. Finally, Westside Investment Management Inc. purchased a new stake in DXC Technology Company. during the first quarter worth about $105,000. 85.05% of the stock is currently owned by institutional investors.

Shares of DXC Technology Company. (NYSE DXC) opened at 85.07 on Friday. The company’s 50 day moving average is $83.08 and its 200-day moving average is $77.13. The stock has a market capitalization of $24.22 billion, a price-to-earnings ratio of 268.36 and a beta of 1.03. DXC Technology Company. has a 1-year low of $49.12 and a 1-year high of $86.29.

DXC Technology Company. (NYSE:DXC) last released its quarterly earnings data on Tuesday, August 8th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.34. The business had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.95 billion. DXC Technology Company. had a return on equity of 17.51% and a net margin of 0.49%. Equities analysts anticipate that DXC Technology Company. will post $6.82 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Wednesday, September 6th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Friday, September 1st. DXC Technology Company.’s dividend payout ratio (DPR) is presently -378.95%.

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In related news, CFO Paul N. Saleh sold 59,824 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $78.08, for a total transaction of $4,671,057.92. Following the transaction, the chief financial officer now directly owns 196,113 shares of the company’s stock, valued at approximately $15,312,503.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul N. Saleh sold 80,922 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $84.01, for a total value of $6,798,257.22. Following the transaction, the chief financial officer now directly owns 217,211 shares in the company, valued at $18,247,896.11. The disclosure for this sale can be found here. Insiders have sold a total of 359,666 shares of company stock worth $29,091,539 over the last three months. 1.30% of the stock is currently owned by corporate insiders.

DXC has been the topic of a number of recent research reports. Morgan Stanley upgraded shares of DXC Technology Company. from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $68.00 to $85.00 in a research note on Tuesday, July 4th. Jefferies Group LLC boosted their price target on shares of DXC Technology Company. from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research lowered shares of DXC Technology Company. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Piper Jaffray Companies reiterated an “overweight” rating and set a $90.00 price target on shares of DXC Technology Company. in a research note on Thursday, May 25th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $94.00 price target (up 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, ten have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $89.57.

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.

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

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