Trexquant Investment LP raised its holdings in DXC Technology Co (NYSE:DXC) by 154.3% during the second quarter, HoldingsChannel.com reports. The firm owned 29,090 shares of the company’s stock after purchasing an additional 17,652 shares during the period. Trexquant Investment LP’s holdings in DXC Technology were worth $2,345,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of DXC. Massachusetts Financial Services Co. MA raised its position in DXC Technology by 12.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 11,444,641 shares of the company’s stock valued at $1,150,530,000 after purchasing an additional 1,292,715 shares during the period. First Trust Advisors LP purchased a new stake in DXC Technology in the second quarter valued at $84,760,000. Carillon Tower Advisers Inc. raised its position in DXC Technology by 378.6% in the first quarter. Carillon Tower Advisers Inc. now owns 1,261,650 shares of the company’s stock valued at $126,754,000 after purchasing an additional 998,057 shares during the period. Bank of Montreal Can raised its position in DXC Technology by 84.8% in the second quarter. Bank of Montreal Can now owns 1,874,682 shares of the company’s stock valued at $151,117,000 after purchasing an additional 860,140 shares during the period. Finally, JPMorgan Chase & Co. raised its position in DXC Technology by 11.7% in the first quarter. JPMorgan Chase & Co. now owns 6,478,853 shares of the company’s stock valued at $651,318,000 after purchasing an additional 680,612 shares during the period. Institutional investors own 84.17% of the company’s stock.

In related news, EVP Joanne Mason sold 1,726 shares of the business’s stock in a transaction on Tuesday, July 24th. The stock was sold at an average price of $87.74, for a total transaction of $151,439.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul N. Saleh sold 19,285 shares of the business’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $90.00, for a total value of $1,735,650.00. The disclosure for this sale can be found here. Insiders have sold a total of 29,095 shares of company stock valued at $2,614,649 over the last three months. 0.65% of the stock is currently owned by insiders.

A number of equities research analysts have commented on DXC shares. Zacks Investment Research raised DXC Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, August 1st. KeyCorp lifted their price objective on DXC Technology from $109.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday, August 8th. JPMorgan Chase & Co. dropped their price objective on DXC Technology from $114.00 to $98.00 and set an “overweight” rating for the company in a research note on Tuesday, May 29th. BMO Capital Markets dropped their price objective on DXC Technology from $117.00 to $113.00 and set an “outperform” rating for the company in a research note on Friday, May 25th. Finally, ValuEngine cut DXC Technology from a “buy” rating to a “hold” rating in a research note on Saturday, May 26th. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $104.56.

Shares of NYSE DXC opened at $87.37 on Friday. DXC Technology Co has a twelve month low of $77.96 and a twelve month high of $107.85. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $24.21 billion, a PE ratio of 11.00, a PEG ratio of 1.46 and a beta of 0.89.

DXC Technology (NYSE:DXC) last released its earnings results on Tuesday, August 7th. The company reported $1.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $5.32 billion. research analysts anticipate that DXC Technology Co will post 8.13 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 16th. Investors of record on Wednesday, September 5th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, September 4th. This represents a $0.76 annualized dividend and a yield of 0.87%. DXC Technology’s payout ratio is 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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