Swiss National Bank increased its holdings in DXC Technology Co (NYSE:DXC) by 3.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 943,865 shares of the company’s stock after purchasing an additional 28,600 shares during the quarter. Swiss National Bank owned approximately 0.33% of DXC Technology worth $76,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of DXC. Summit Trail Advisors LLC boosted its position in DXC Technology by 10,385.3% during the 1st quarter. Summit Trail Advisors LLC now owns 103,595 shares of the company’s stock valued at $104,000 after acquiring an additional 102,607 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in DXC Technology by 17,477.8% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,582 shares of the company’s stock valued at $128,000 after acquiring an additional 1,573 shares in the last quarter. Signaturefd LLC bought a new stake in DXC Technology during the 1st quarter valued at approximately $137,000. Security National Trust Co. bought a new stake in DXC Technology during the 2nd quarter valued at approximately $161,000. Finally, Cypress Capital Management LLC WY boosted its position in DXC Technology by 1,570.0% during the 1st quarter. Cypress Capital Management LLC WY now owns 1,670 shares of the company’s stock valued at $168,000 after acquiring an additional 1,570 shares in the last quarter. 85.39% of the stock is currently owned by institutional investors.

In related news, CFO Paul N. Saleh sold 19,285 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $90.00, for a total value of $1,735,650.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William L. Deckelman, Jr. sold 8,084 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $90.00, for a total transaction of $727,560.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,095 shares of company stock valued at $2,614,649. 0.65% of the stock is owned by company insiders.

DXC has been the topic of several research reports. Zacks Investment Research raised DXC Technology from a “strong sell” rating to a “hold” rating in a research report on Monday, July 23rd. Morgan Stanley cut their price objective on DXC Technology from $114.00 to $101.00 and set an “overweight” rating on the stock in a research report on Friday, June 1st. JPMorgan Chase & Co. cut their price objective on DXC Technology from $114.00 to $98.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 29th. SunTrust Banks cut their price objective on DXC Technology from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, May 30th. Finally, KeyCorp lifted their price objective on DXC Technology from $116.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, May 21st. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $104.18.

Shares of DXC opened at $89.64 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. DXC Technology Co has a 52 week low of $77.96 and a 52 week high of $107.85. The company has a market capitalization of $24.86 billion, a PE ratio of 11.29, a P/E/G ratio of 1.50 and a beta of 0.89.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Tuesday, August 7th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.18. DXC Technology had a return on equity of 18.67% and a net margin of 7.74%. The firm had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.32 billion. analysts forecast that DXC Technology Co will post 8.15 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 16th. Investors of record on Wednesday, September 5th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, September 4th. This represents a $0.76 dividend on an annualized basis and a yield of 0.85%. DXC Technology’s payout ratio is currently 9.57%.

About DXC Technology

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).

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

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