Northern Trust Corp cut its position in shares of DXC Technology Co (NYSE:DXC) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,256,734 shares of the company’s stock after selling 20,359 shares during the quarter. Northern Trust Corp owned approximately 1.16% of DXC Technology worth $262,525,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Horan Capital Advisors LLC. increased its position in shares of DXC Technology by 2.8% during the 2nd quarter. Horan Capital Advisors LLC. now owns 22,208 shares of the company’s stock valued at $1,790,000 after purchasing an additional 607 shares during the last quarter. Schroder Investment Management Group bought a new position in shares of DXC Technology during the 2nd quarter valued at about $291,000. Davidson Kempner Capital Management LP increased its position in shares of DXC Technology by 94.0% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 339,495 shares of the company’s stock valued at $27,367,000 after purchasing an additional 164,495 shares during the last quarter. Andra AP fonden increased its position in shares of DXC Technology by 10.4% during the 2nd quarter. Andra AP fonden now owns 62,600 shares of the company’s stock valued at $5,046,000 after purchasing an additional 5,900 shares during the last quarter. Finally, Global X Management Co LLC increased its position in shares of DXC Technology by 353.7% during the 2nd quarter. Global X Management Co LLC now owns 15,499 shares of the company’s stock valued at $1,249,000 after purchasing an additional 12,083 shares during the last quarter. Hedge funds and other institutional investors own 85.16% of the company’s stock.

In other DXC Technology news, EVP Joanne Mason sold 1,726 shares of the stock in a transaction that occurred on Tuesday, July 24th. The stock was sold at an average price of $87.74, for a total value of $151,439.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul N. Saleh sold 19,285 shares of the stock in a transaction that occurred 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 202,753 shares of company stock valued at $18,436,506 over the last 90 days. 0.65% of the stock is currently owned by company insiders.

Shares of DXC stock opened at $94.34 on Tuesday. The stock has a market cap of $27.10 billion, a P/E ratio of 11.88, a P/E/G ratio of 1.63 and a beta of 0.96. DXC Technology Co has a 1-year low of $77.96 and a 1-year high of $107.85. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95.

DXC Technology (NYSE:DXC) last issued its earnings results on Tuesday, August 7th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.18. The company had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.32 billion. DXC Technology had a return on equity of 18.67% and a net margin of 7.74%. equities research analysts expect that DXC Technology Co will post 8.15 EPS for the current fiscal 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 issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.81%. The ex-dividend date is Tuesday, September 4th. DXC Technology’s dividend payout ratio is presently 9.57%.

Several brokerages have recently commented on DXC. Zacks Investment Research upgraded DXC Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, August 1st. Cfra reiterated a “buy” rating and set a $105.00 price objective on shares of DXC Technology in a research report on Thursday, August 2nd. ValuEngine upgraded DXC Technology from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th. BMO Capital Markets reduced their price objective on DXC Technology from $113.00 to $110.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 8th. Finally, SunTrust Banks reduced 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. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $104.38.

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 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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