Wedge Capital Management L L P NC purchased a new position in shares of DXC Technology Company. (NYSE:DXC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 727,777 shares of the company’s stock, valued at approximately $55,835,000.

A number of other institutional investors have also recently made changes to their positions in DXC. Boston Partners purchased a new position in shares of DXC Technology Company. during the second quarter worth approximately $932,573,000. Geode Capital Management LLC purchased a new position in shares of DXC Technology Company. during the first quarter worth approximately $89,787,000. Goldman Sachs Group Inc. purchased a new position in shares of DXC Technology Company. during the first quarter worth approximately $115,847,000. Schwab Charles Investment Management Inc. purchased a new position in shares of DXC Technology Company. during the second quarter worth approximately $91,013,000. Finally, Korea Investment CORP purchased a new position in shares of DXC Technology Company. during the second quarter worth approximately $47,811,000. 51.07% of the stock is owned by institutional investors.

Shares of DXC Technology Company. (NYSE:DXC) opened at 82.05 on Friday. DXC Technology Company. has a 1-year low of $45.37 and a 1-year high of $84.50. The company has a market capitalization of $23.29 billion, a price-to-earnings ratio of 258.83 and a beta of 1.11. The stock has a 50 day moving average price of $78.64 and a 200 day moving average price of $74.17.

DXC Technology Company. (NYSE:DXC) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $1.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.34. DXC Technology Company. had a return on equity of 14.82% and a net margin of 0.49%. The company had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.95 billion. On average, equities analysts anticipate that DXC Technology Company. will post $6.79 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.72 annualized dividend and a yield of 0.88%. DXC Technology Company.’s dividend payout ratio (DPR) is currently -315.79%.

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A number of equities analysts recently commented on DXC shares. Zacks Investment Research lowered DXC Technology Company. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Barclays PLC started coverage on DXC Technology Company. in a research note on Thursday, May 25th. They set an “overweight” rating and a $90.00 price target for the company. J P Morgan Chase & Co started coverage on DXC Technology Company. in a research note on Wednesday, April 19th. They set an “overweight” rating and a $90.00 price target for the company. Royal Bank Of Canada reissued a “buy” rating and set a $87.00 price target on shares of DXC Technology Company. in a research note on Friday, May 5th. Finally, 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 company from $85.00 to $90.00 in a research note on Tuesday, May 9th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. DXC Technology Company. currently has an average rating of “Buy” and a consensus price target of $87.33.

In other news, EVP Stephen Hilton sold 5,052 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $74.82, for a total value of $377,990.64. Following the completion of the sale, the executive vice president now directly owns 2,574 shares in the company, valued at $192,586.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael G. Nefkens sold 128,328 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $80.03, for a total value of $10,270,089.84. Following the completion of the sale, the executive vice president now owns 25,447 shares of the company’s stock, valued at $2,036,523.41. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 292,396 shares of company stock valued at $23,335,020. 1.30% of the stock is owned by company insiders.

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

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