Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of DXC Technology Company. (NYSE:DXC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 21,037 shares of the company’s stock, valued at approximately $1,614,000.

Other large investors have also modified their holdings of the company. Westside Investment Management Inc. acquired a new position in shares of DXC Technology Company. during the 1st quarter worth about $105,000. Hanson McClain Inc. acquired a new position in shares of DXC Technology Company. during the 2nd quarter worth about $105,000. Cribstone Capital Management LLC increased its stake in shares of DXC Technology Company. by 4.7% during the 2nd quarter. Cribstone Capital Management LLC now owns 1,408 shares of the company’s stock worth $108,000 after purchasing an additional 63 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of DXC Technology Company. during the 2nd quarter worth about $109,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of DXC Technology Company. during the 2nd quarter worth about $128,000. 85.05% of the stock is currently owned by hedge funds and other institutional investors.

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In other DXC Technology Company. 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 owns 2,574 shares of the company’s stock, valued at $192,586.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Paul N. Saleh sold 59,824 shares of DXC Technology Company. stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $78.08, for a total transaction of $4,671,057.92. Following the completion of the sale, the chief financial officer now directly owns 196,113 shares in the company, valued at approximately $15,312,503.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 364,718 shares of company stock worth $29,469,529. Insiders own 1.30% of the company’s stock.

Several research firms have recently weighed in on DXC. Stifel Nicolaus restated a “hold” rating and set a $86.00 price objective on shares of DXC Technology Company. in a research note on Thursday, August 10th. TheStreet upgraded shares of 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 set a $77.00 price objective on shares of DXC Technology Company. in a research note on Thursday, August 10th. BMO Capital Markets restated an “outperform” rating and set a $94.00 price objective (up from $92.00) on shares of DXC Technology Company. in a research note on Wednesday, August 9th. Finally, Morgan Stanley upgraded shares of DXC Technology Company. from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $68.00 to $85.00 in a research note on Tuesday, July 4th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $88.23.

DXC Technology Company. (NYSE DXC) opened at 84.17 on Friday. DXC Technology Company. has a 52 week low of $45.55 and a 52 week high of $86.08. The firm has a market cap of $23.96 billion, a price-to-earnings ratio of 265.52 and a beta of 1.03. The company has a 50-day moving average of $82.28 and a 200-day moving average of $76.58.

DXC Technology Company. (NYSE:DXC) last released its quarterly earnings results on Tuesday, August 8th. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $5.95 billion. Equities research analysts forecast that DXC Technology Company. will post $6.81 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Wednesday, September 6th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.86%. The ex-dividend date is Friday, September 1st. DXC Technology Company.’s dividend payout ratio is -378.95%.

About DXC Technology Company.

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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