People s United Financial Inc. acquired a new stake in shares of DXC Technology Company. (NYSE:DXC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,889 shares of the company’s stock, valued at approximately $1,526,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Neuberger Berman Group LLC bought a new position in DXC Technology Company. during the first quarter worth about $233,000. Credit Agricole S A purchased a new position in shares of DXC Technology Company. in the first quarter worth about $4,617,000. Geode Capital Management LLC purchased a new position in shares of DXC Technology Company. in the first quarter worth about $89,787,000. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of DXC Technology Company. in the first quarter worth about $1,822,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of DXC Technology Company. in the first quarter worth about $115,847,000. 85.04% of the stock is currently owned by institutional investors and hedge funds.

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DXC has been the topic of several research reports. TheStreet raised shares of DXC Technology Company. from a “c” rating to a “b” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $87.00 price objective on shares of DXC Technology Company. in a report on Friday, July 7th. Jefferies Group LLC raised their price objective 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 reiterated a “buy” rating and issued a $92.00 price objective on shares of DXC Technology Company. in a research note on Friday, September 8th. Finally, Bank of America Corporation began coverage on shares of DXC Technology Company. in a research note on Tuesday, September 12th. They issued a “buy” rating and a $101.00 price objective for the company. 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 company. DXC Technology Company. presently has a consensus rating of “Buy” and an average price target of $89.57.

DXC Technology Company. (NYSE DXC) traded up 0.448% during mid-day trading on Monday, reaching $86.265. 101,864 shares of the company’s stock traded hands. The company has a market cap of $24.56 billion, a P/E ratio of 272.129 and a beta of 1.04. DXC Technology Company. has a 12-month low of $49.80 and a 12-month high of $86.75. The stock has a 50 day moving average of $83.45 and a 200 day moving average of $77.46.

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. 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 $6.82 earnings per share for the current fiscal year.

The business 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 of this dividend is Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.84%. DXC Technology Company.’s dividend payout ratio (DPR) is presently -378.95%.

In other DXC Technology Company. news, CFO Paul N. Saleh sold 40,460 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $82.54, for a total transaction of $3,339,568.40. Following the sale, the chief financial officer now owns 136,384 shares in the company, valued at approximately $11,257,135.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Paul N. Saleh sold 59,824 shares of the firm’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 sale, 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. Over the last quarter, insiders have sold 359,666 shares of company stock valued at $29,091,539. 1.30% of the stock is currently owned by corporate insiders.

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.

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

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