Riverhead Capital Management LLC bought a new stake in shares of DXC Technology Company. (NYSE:DXC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 54,987 shares of the company’s stock, valued at approximately $4,219,000.

Several other hedge funds and other institutional investors have also made changes to their positions in DXC. Private Advisor Group LLC bought a new position in shares of DXC Technology Company. during the first quarter valued at approximately $295,000. Delta Lloyd NV bought a new position in shares of DXC Technology Company. during the first quarter valued at approximately $1,942,000. Neuberger Berman Group LLC bought a new position in shares of DXC Technology Company. during the first quarter valued at approximately $233,000. Suffolk Capital Management LLC bought a new position in shares of DXC Technology Company. during the first quarter valued at approximately $14,643,000. Finally, Credit Agricole S A bought a new position in shares of DXC Technology Company. during the first quarter valued at approximately $4,617,000. 85.05% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Stephen Hilton sold 5,052 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $74.82, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Paul N. Saleh sold 59,824 shares of the business’s stock in a transaction that occurred on 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 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. In the last quarter, insiders have sold 364,718 shares of company stock valued at $29,469,529. 1.30% of the stock is currently owned by company insiders.

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Shares of DXC Technology Company. (NYSE:DXC) opened at 85.49 on Wednesday. The company has a market cap of $24.34 billion, a P/E ratio of 269.68 and a beta of 1.03. DXC Technology Company. has a 12 month low of $45.55 and a 12 month high of $86.08. The company’s 50 day moving average is $82.43 and its 200 day moving average is $76.77.

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 consensus estimate of $1.25 by $0.34. The firm had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.95 billion. DXC Technology Company. had a net margin of 0.49% and a return on equity of 17.51%. On average, equities research analysts predict that DXC Technology Company. will post $6.81 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Wednesday, September 6th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, September 1st. This represents a $0.72 annualized dividend and a dividend yield of 0.84%. DXC Technology Company.’s dividend payout ratio (DPR) is presently -378.95%.

A number of brokerages have weighed in on DXC. Bank of America Corporation began coverage on shares of DXC Technology Company. in a research note on Tuesday. They set a “buy” rating and a $101.00 target price for the company. KeyCorp raised shares of DXC Technology Company. from a “sector weight” rating to an “overweight” rating and set a $93.00 target price for the company in a research note on Friday, July 21st. TheStreet raised shares of DXC Technology Company. from a “c” rating to a “b” rating in a research note on Tuesday, August 8th. Stifel Nicolaus reaffirmed a “hold” rating and set a $86.00 target price on shares of DXC Technology Company. in a research note on Thursday, August 10th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $87.00 target price on shares of DXC Technology Company. in a research note on Tuesday, June 6th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $89.14.

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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