Fmr LLC grew its holdings in shares of DXC Technology Co (NYSE:DXC) by 7.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,819,523 shares of the company’s stock after buying an additional 319,168 shares during the period. Fmr LLC’s holdings in DXC Technology were worth $388,502,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Aperio Group LLC boosted its holdings in shares of DXC Technology by 0.3% during the 1st quarter. Aperio Group LLC now owns 161,589 shares of the company’s stock valued at $16,245,000 after buying an additional 508 shares in the last quarter. United Capital Financial Advisers LLC boosted its holdings in shares of DXC Technology by 5.4% during the 1st quarter. United Capital Financial Advisers LLC now owns 10,025 shares of the company’s stock valued at $1,008,000 after buying an additional 510 shares in the last quarter. Moors & Cabot Inc. boosted its holdings in shares of DXC Technology by 8.4% during the 1st quarter. Moors & Cabot Inc. now owns 6,923 shares of the company’s stock valued at $696,000 after buying an additional 535 shares in the last quarter. Advisor Partners LLC boosted its holdings in shares of DXC Technology by 8.0% during the 2nd quarter. Advisor Partners LLC now owns 8,302 shares of the company’s stock valued at $669,000 after buying an additional 618 shares in the last quarter. Finally, Chesley Taft & Associates LLC boosted its holdings in shares of DXC Technology by 4.7% during the 2nd quarter. Chesley Taft & Associates LLC now owns 14,386 shares of the company’s stock valued at $1,160,000 after buying an additional 650 shares in the last quarter. Hedge funds and other institutional investors own 85.21% of the company’s stock.

In other DXC Technology news, insider John M. Lawrie sold 55,549 shares of the business’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $89.82, for a total value of $4,989,411.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joanne Mason sold 1,726 shares of the business’s stock in a transaction dated Tuesday, July 24th. The stock was sold at an average price of $87.74, for a total value of $151,439.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 92,753 shares of company stock valued at $8,334,033. 0.65% of the stock is owned by insiders.

DXC opened at $90.71 on Wednesday. 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 stock has a market capitalization of $25.61 billion, a PE ratio of 10.99, a P/E/G ratio of 1.54 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.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 16th. Stockholders of record on Wednesday, September 5th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Tuesday, September 4th. DXC Technology’s dividend payout ratio is presently 9.57%.

A number of brokerages have recently commented on DXC. Zacks Investment Research upgraded shares of DXC Technology from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a report on Tuesday, August 21st. ValuEngine cut shares of DXC Technology from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. BMO Capital Markets dropped their target price on shares of DXC Technology from $117.00 to $113.00 and set an “outperform” rating on the stock in a report on Friday, May 25th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $103.00 price target on shares of DXC Technology in a research report on Wednesday, August 8th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $97.00 price target on shares of DXC Technology in a research report on Friday, May 25th. Six investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $104.18.

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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