Scout Investments Inc. acquired a new stake in DXC Technology Company. (NYSE:DXC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,084,684 shares of the company’s stock, valued at approximately $83,217,000. DXC Technology Company. comprises approximately 2.4% of Scout Investments Inc.’s holdings, making the stock its largest position. Scout Investments Inc. owned about 0.77% of DXC Technology Company. as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of DXC. Goldman Sachs Group Inc. acquired a new position in shares of DXC Technology Company. during the first quarter valued at about $115,847,000. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of DXC Technology Company. during the first quarter valued at about $1,822,000. Geode Capital Management LLC acquired a new position in shares of DXC Technology Company. during the first quarter valued at about $89,787,000. Westside Investment Management Inc. acquired a new position in shares of DXC Technology Company. during the first quarter valued at about $105,000. Finally, Credit Agricole S A acquired a new position in shares of DXC Technology Company. during the first quarter valued at about $4,617,000. Institutional investors and hedge funds own 85.04% of the company’s stock.

Shares of DXC Technology Company. (NYSE DXC) traded down 0.11% during midday trading on Wednesday, reaching $84.61. The company had a trading volume of 97,713 shares. DXC Technology Company. has a 12 month low of $64.06 and a 12 month high of $86.08. The company has a market capitalization of $24.09 billion, a P/E ratio of 266.91 and a beta of 1.11. The firm’s 50 day moving average price is $80.59 and its 200-day moving average price is $75.68.

DXC Technology Company. (NYSE:DXC) last issued its earnings results on Tuesday, August 8th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.34. The business had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.95 billion. DXC Technology Company. had a net margin of 0.49% and a return on equity of 17.51%. Analysts anticipate that DXC Technology Company. will post $6.81 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Wednesday, September 6th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Friday, September 1st. DXC Technology Company.’s dividend payout ratio is presently -315.79%.

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Several equities analysts have recently issued reports on the company. Jefferies Group LLC boosted their price objective on DXC Technology Company. from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 24th. TheStreet upgraded DXC Technology Company. from a “c” rating to a “b” rating in a research report on Tuesday, August 8th. Stifel Nicolaus reiterated a “hold” rating and set a $86.00 price objective on shares of DXC Technology Company. in a research report on Thursday, August 10th. Zacks Investment Research upgraded DXC Technology Company. from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, Cowen and Company reiterated a “hold” rating and set a $77.00 price objective on shares of DXC Technology Company. in a research report on Thursday, August 10th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. DXC Technology Company. currently has an average rating of “Buy” and an average target price of $88.31.

In related news, Director Margaret C. Whitman sold 8,600 shares of the stock in a transaction on Monday, June 5th. The shares were sold at an average price of $77.18, for a total transaction of $663,748.00. Following the transaction, the director now directly owns 111,229 shares of the company’s stock, valued at $8,584,654.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen Hilton sold 5,052 shares of the stock in a transaction on Friday, June 16th. The stock was sold at an average price of $74.82, for a total transaction of $377,990.64. Following the transaction, the executive vice president now directly owns 2,574 shares in the company, valued at $192,586.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 373,318 shares of company stock worth $30,133,277. 1.30% of the stock is owned by insiders.

DXC Technology Company. 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 two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.

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

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