Principal Financial Group Inc. purchased a new stake in shares of DXC Technology Company. (NYSE:DXC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 966,835 shares of the company’s stock, valued at approximately $74,176,000. Principal Financial Group Inc. owned approximately 0.68% of DXC Technology Company. at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DXC. Westside Investment Management Inc. purchased a new position in shares of DXC Technology Company. during the first quarter valued at $105,000. Hanson McClain Inc. purchased a new position in shares of DXC Technology Company. during the second quarter valued at $105,000. Cribstone Capital Management LLC grew its stake 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 purchasing an additional 63 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in DXC Technology Company. in the second quarter valued at about $128,000. Finally, First Personal Financial Services purchased a new position in DXC Technology Company. in the second quarter valued at about $130,000. Institutional investors and hedge funds own 85.05% of the company’s stock.

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DXC Technology Company. (NYSE:DXC) opened at 84.91 on Monday. The firm has a 50-day moving average price of $81.52 and a 200-day moving average price of $76.18. The stock has a market cap of $24.17 billion, a P/E ratio of 267.85 and a beta of 1.03. DXC Technology Company. has a 52 week low of $64.06 and a 52 week high of $86.08.

DXC Technology Company. (NYSE:DXC) last released its quarterly earnings results on Tuesday, August 8th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.34. DXC Technology Company. had a return on equity of 17.51% and a net margin of 0.49%. The firm had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.95 billion. On average, equities research analysts predict that DXC Technology Company. will post $6.81 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Wednesday, September 6th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, September 1st. DXC Technology Company.’s dividend payout ratio is -378.95%.

In other news, EVP Stephen Hilton sold 5,052 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 2,574 shares in the company, valued at approximately $192,586.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul N. Saleh sold 59,824 shares of the firm’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $78.08, for a total value of $4,671,057.92. Following the completion of the transaction, the chief financial officer now owns 196,113 shares of the company’s stock, valued at approximately $15,312,503.04. The disclosure for this sale can be found here. Insiders sold a total of 364,718 shares of company stock valued at $29,469,529 in the last 90 days. 1.30% of the stock is owned by corporate insiders.

A number of research analysts have commented on the company. Stifel Nicolaus restated a “hold” rating and issued a $86.00 target price on shares of DXC Technology Company. in a research note on Thursday, August 10th. TheStreet upgraded DXC Technology Company. from a “c” rating to a “b” rating in a research note on Tuesday, August 8th. Cowen and Company restated a “hold” rating and issued a $77.00 target price on shares of DXC Technology Company. in a research note on Thursday, August 10th. Goldman Sachs Group, Inc. (The) upgraded DXC Technology Company. from a “buy” rating to a “conviction-buy” rating and boosted their target price for the company from $85.00 to $90.00 in a research note on Tuesday, May 9th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $94.00 target price (up previously from $92.00) on shares of DXC Technology Company. in a research note on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $88.31.

DXC Technology 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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