Utah Retirement Systems bought a new stake in shares of DXC Technology Company. (NYSE:DXC) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 51,806 shares of the company’s stock, valued at approximately $3,975,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Westside Investment Management Inc. purchased a new position in DXC Technology Company. during the first quarter valued at about $105,000. Hanson McClain Inc. purchased a new position in DXC Technology Company. during the second quarter valued at about $105,000. Cribstone Capital Management LLC increased its position in DXC Technology Company. by 4.7% in the second quarter. Cribstone Capital Management LLC now owns 1,408 shares of the company’s stock valued at $108,000 after buying an additional 63 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in DXC Technology Company. during the second quarter valued at about $128,000. Finally, First Personal Financial Services purchased a new position in DXC Technology Company. during the second quarter valued at about $130,000. 85.04% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DXC Technology Company. (NYSE:DXC) opened at 84.79 on Tuesday. DXC Technology Company. has a 12 month low of $64.06 and a 12 month high of $86.08. The firm’s 50-day moving average price is $80.59 and its 200 day moving average price is $75.68. The firm has a market capitalization of $24.14 billion, a P/E ratio of 267.48 and a beta of 1.11.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Wednesday, September 6th will be given a $0.18 dividend. The ex-dividend date is Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.85%. DXC Technology Company.’s payout ratio is currently -315.79%.

WARNING: This report was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/08/29/51806-shares-in-dxc-technology-company-dxc-acquired-by-utah-retirement-systems.html.

Several research firms recently issued reports on DXC. Stifel Nicolaus reissued a “hold” rating and issued a $86.00 target price on shares of DXC Technology Company. in a research report on Thursday, August 10th. TheStreet raised DXC Technology Company. from a “c” rating to a “b” rating in a research report on Tuesday, August 8th. Cowen and Company reaffirmed a “hold” rating and set a $77.00 price target on shares of DXC Technology Company. in a research report on Thursday, August 10th. 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 research report on Tuesday, May 9th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $94.00 price target (up from $92.00) on shares of DXC Technology Company. in a research report on Wednesday, August 9th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $88.31.

In related news, EVP Stephen Hilton sold 5,052 shares of DXC Technology Company. stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $74.82, for a total value of $377,990.64. Following the sale, the executive vice president now directly owns 2,574 shares in the company, valued at approximately $192,586.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Paul N. Saleh sold 80,922 shares of DXC Technology Company. stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $84.01, for a total transaction of $6,798,257.22. Following the completion of the sale, the chief financial officer now owns 217,211 shares in the company, valued at $18,247,896.11. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 373,318 shares of company stock worth $30,133,277. Insiders own 1.30% of the company’s stock.

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.

Want to see what other hedge funds are holding DXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DXC Technology Company. (NYSE:DXC).

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

Receive News & Stock Ratings for DXC Technology Company. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXC Technology Company. and related stocks with our FREE daily email newsletter.