Northpointe Capital LLC bought a new stake in DXC Technology Company. (NYSE:DXC) during the second quarter, Holdings Channel reports. The fund bought 52,682 shares of the company’s stock, valued at approximately $4,042,000.

A number of other hedge funds have also recently bought and sold shares of DXC. Cribstone Capital Management LLC purchased a new stake in DXC Technology Company. during the first quarter valued at about $102,000. Westside Investment Management Inc. purchased a new stake in DXC Technology Company. during the first quarter valued at about $105,000. Oakworth Capital Inc. purchased a new stake in DXC Technology Company. during the second quarter valued at about $137,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in DXC Technology Company. during the second quarter valued at about $143,000. Finally, Bartlett & Co. LLC purchased a new stake in DXC Technology Company. during the first quarter valued at about $145,000. Institutional investors and hedge funds own 53.95% of the company’s stock.

Shares of DXC Technology Company. (NYSE DXC) opened at 85.35 on Wednesday. DXC Technology Company. has a 52-week low of $64.06 and a 52-week high of $85.69. The stock has a market cap of $24.22 billion, a PE ratio of 269.24 and a beta of 1.11. The stock’s 50 day moving average is $78.99 and its 200 day moving average is $74.70.

DXC Technology Company. (NYSE:DXC) last released its earnings results on Tuesday, August 8th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.25 by $0.34. DXC Technology Company. had a net margin of 0.49% and a return on equity of 14.82%. The firm had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.95 billion. Equities research analysts forecast that DXC Technology Company. will post $6.80 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Wednesday, September 6th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, September 1st. DXC Technology Company.’s dividend payout ratio (DPR) is presently -315.79%.

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Several research firms have issued reports on DXC. Cowen and Company reiterated a “hold” rating and issued a $77.00 target price on shares of DXC Technology Company. in a research note on Thursday, August 10th. TheStreet upgraded shares of DXC Technology Company. from a “c” rating to a “b” rating in a research note on Tuesday, August 8th. BMO Capital Markets reiterated an “outperform” rating and issued a $94.00 target price (up from $92.00) on shares of DXC Technology Company. in a research note on Wednesday, August 9th. Stifel Nicolaus reiterated a “hold” rating and issued a $86.00 target price on shares of DXC Technology Company. in a research note on Thursday, August 10th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $79.00 target price on shares of DXC Technology Company. in a research note on Friday, August 11th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. DXC Technology Company. presently has an average rating of “Buy” and a consensus target price of $87.33.

In other news, Director Margaret C. Whitman sold 8,600 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $77.18, for a total value of $663,748.00. Following the transaction, the director now owns 111,229 shares of the company’s stock, valued at $8,584,654.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Paul N. Saleh sold 40,460 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $82.54, for a total transaction of $3,339,568.40. Following the completion of the transaction, the chief financial officer now directly owns 136,384 shares in the company, valued at approximately $11,257,135.36. The disclosure for this sale can be found here. Insiders sold 292,396 shares of company stock worth $23,335,020 in the last three months. Insiders own 1.30% of the company’s stock.

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

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