State of Wisconsin Investment Board purchased a new stake in DXC Technology Company. (NYSE:DXC) during the second quarter, Holdings Channel reports. The institutional investor purchased 467,110 shares of the company’s stock, valued at approximately $35,837,000.

Several other large investors also recently modified their holdings of DXC. Creative Planning bought a new stake in shares of DXC Technology Company. during the second quarter valued at $850,000. Grassi Investment Management bought a new stake in shares of DXC Technology Company. during the second quarter valued at $203,000. Spirit of America Management Corp NY bought a new stake in shares of DXC Technology Company. during the second quarter valued at $271,000. National Pension Service bought a new stake in shares of DXC Technology Company. during the second quarter valued at $10,005,000. Finally, NN Investment Partners Holdings N.V. bought a new stake in shares of DXC Technology Company. during the second quarter valued at $2,063,000. 53.95% of the stock is owned by hedge funds and other institutional investors.

Shares of DXC Technology Company. (NYSE DXC) opened at 85.35 on Wednesday. The firm has a 50-day moving average price of $78.99 and a 200-day moving average price of $74.70. DXC Technology Company. has a 12-month low of $64.06 and a 12-month high of $85.69. The firm has a market cap of $24.22 billion, a P/E ratio of 269.24 and a beta of 1.11.

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

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

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DXC has been the subject of several recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $87.00 price target on shares of DXC Technology Company. in a report on Friday, May 5th. Morgan Stanley raised DXC Technology Company. from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $68.00 to $85.00 in a report on Tuesday, July 4th. J P Morgan Chase & Co initiated coverage on DXC Technology Company. in a report on Wednesday, April 19th. They set an “overweight” rating and a $90.00 price target for the company. Goldman Sachs Group, Inc. (The) raised DXC Technology Company. from a “buy” rating to a “conviction-buy” rating and increased their price target for the stock from $85.00 to $90.00 in a report on Tuesday, May 9th. Finally, Zacks Investment Research downgraded DXC Technology Company. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $87.33.

In other DXC Technology Company. news, 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 owns 136,384 shares in the company, valued at approximately $11,257,135.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Margaret C. Whitman sold 8,600 shares of the business’s stock in a transaction on Monday, June 5th. The stock was 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 approximately $8,584,654.22. The disclosure for this sale can be found here. Insiders have sold a total of 292,396 shares of company stock valued at $23,335,020 in the last quarter. 1.30% of the stock is currently owned by insiders.

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

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