Raymond James Trust N.A. acquired a new stake in shares of DXC Technology Company. (NYSE:DXC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,861 shares of the company’s stock, valued at approximately $373,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of DXC. Westside Investment Management Inc. purchased a new stake in DXC Technology Company. during the 1st quarter valued at approximately $105,000. Hanson McClain Inc. acquired a new position in DXC Technology Company. during the 2nd quarter worth approximately $105,000. Cribstone Capital Management LLC increased its position in 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 period. Oppenheimer Asset Management Inc. acquired a new position in DXC Technology Company. during the 2nd quarter worth approximately $109,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in DXC Technology Company. during the 2nd quarter worth approximately $128,000. 85.04% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Michael G. Nefkens sold 128,328 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $80.03, for a total transaction of $10,270,089.84. Following the sale, the executive vice president now owns 25,447 shares of the company’s stock, valued at $2,036,523.41. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Paul N. Saleh sold 59,824 shares of DXC Technology Company. 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 completion of the transaction, the chief financial officer now 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 three months, insiders have sold 359,666 shares of company stock worth $29,091,539. 1.30% of the stock is owned by corporate insiders.

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Several equities analysts have issued reports on the company. Cowen and Company reiterated a “hold” rating and set a $77.00 target price on shares of DXC Technology Company. in a research report on Thursday, August 10th. TheStreet upgraded DXC Technology Company. from a “c” rating to a “b” rating in a research report on Tuesday, August 8th. BMO Capital Markets reiterated an “outperform” rating and set a $94.00 target price (up previously from $92.00) on shares of DXC Technology Company. in a research report on Wednesday, August 9th. Cantor Fitzgerald reiterated a “hold” rating and set a $79.00 target price on shares of DXC Technology Company. in a research report on Friday, August 11th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $86.00 target price on shares of DXC Technology Company. in a research report on Thursday, August 10th. Four research 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 stock. DXC Technology Company. presently has a consensus rating of “Buy” and an average price target of $89.57.

Shares of DXC Technology Company. (NYSE DXC) opened at 85.07 on Monday. The firm has a market cap of $24.22 billion, a PE ratio of 268.36 and a beta of 1.03. DXC Technology Company. has a 12-month low of $64.06 and a 12-month high of $86.29. The company has a 50 day moving average price of $83.08 and a 200-day moving average price of $77.13.

DXC Technology Company. (NYSE:DXC) last announced its earnings results 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 17.51% and a net margin of 0.49%. The firm had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.95 billion. Analysts expect that DXC Technology Company. will post $6.82 EPS for the current year.

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

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.

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

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