Dodge & Cox purchased a new position in shares of DXC Technology Company. (NYSE:DXC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,459,431 shares of the company’s stock, valued at approximately $1,032,608,000. Dodge & Cox owned about 9.53% of DXC Technology Company. as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in DXC. Westside Investment Management Inc. purchased a new position in DXC Technology Company. during the first quarter worth about $105,000. Hanson McClain Inc. purchased a new position in DXC Technology Company. during the second quarter worth about $105,000. Pinebridge Investments L.P. purchased a new position in DXC Technology Company. during the second quarter worth about $106,000. Cribstone Capital Management LLC boosted its holdings in DXC Technology Company. by 4.7% during the second 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. Finally, Oppenheimer Asset Management Inc. purchased a new position in DXC Technology Company. during the second quarter worth about $109,000. Institutional investors and hedge funds own 85.04% of the company’s stock.

DXC Technology Company. (NYSE:DXC) traded up 0.48% on Friday, reaching $85.25. 1,349,888 shares of the company’s stock were exchanged. DXC Technology Company. has a 52-week low of $49.80 and a 52-week high of $86.29. The firm’s 50 day moving average price is $83.45 and its 200 day moving average price is $77.46. The company has a market cap of $24.27 billion, a PE ratio of 268.93 and a beta of 1.03.

DXC Technology Company. (NYSE:DXC) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $1.59 EPS for the quarter, topping 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 firm had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.95 billion. On average, analysts expect that DXC Technology Company. will post $6.82 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Wednesday, September 6th will be paid 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 dividend payout ratio is presently -378.95%.

Several research firms recently weighed in on DXC. BMO Capital Markets boosted their price target on shares of DXC Technology Company. from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, September 15th. Bank of America Corporation began coverage on shares of DXC Technology Company. in a report on Tuesday, September 12th. They set a “buy” rating and a $101.00 price target on the stock. Jefferies Group LLC boosted their price target on shares of DXC Technology Company. from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, August 24th. KeyCorp restated a “buy” rating and set a $92.00 price target on shares of DXC Technology Company. in a report on Friday, September 8th. Finally, TheStreet upgraded shares of DXC Technology Company. from a “c” rating to a “b” rating in a report on Tuesday, August 8th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $89.57.

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/09/22/dodge-cox-purchases-shares-of-13459431-dxc-technology-company-dxc.html.

In other news, EVP Michael G. Nefkens sold 128,328 shares of DXC Technology Company. stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $80.03, for a total value of $10,270,089.84. Following the completion of the sale, the executive vice president now directly owns 25,447 shares in the company, valued at $2,036,523.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul N. Saleh sold 80,922 shares of DXC Technology Company. stock in a transaction that occurred on Tuesday, August 15th. The stock was 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 of the company’s stock, valued at $18,247,896.11. The disclosure for this sale can be found here. Insiders sold 359,666 shares of company stock valued at $29,091,539 over the last quarter. Company insiders own 1.30% of the company’s stock.

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.

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.