CIBC Asset Management Inc purchased a new stake in shares of DXC Technology Company. (NYSE:DXC) during the second quarter, Holdings Channel reports. The fund purchased 31,299 shares of the company’s stock, valued at approximately $2,401,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cribstone Capital Management LLC acquired a new position in shares of DXC Technology Company. during the first quarter valued at approximately $102,000. Westside Investment Management Inc. acquired a new position in shares of DXC Technology Company. during the first quarter valued at approximately $105,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of DXC Technology Company. during the second quarter valued at approximately $143,000. Bartlett & Co. LLC acquired a new position in shares of DXC Technology Company. during the first quarter valued at approximately $145,000. Finally, Trust Asset Management LLC acquired a new position in shares of DXC Technology Company. during the second quarter valued at approximately $160,000. Institutional investors own 51.07% of the company’s stock.

DXC Technology Company. (DXC) opened at 78.87 on Tuesday. DXC Technology Company. has a one year low of $64.06 and a one year high of $80.83. The firm’s market cap is $11.14 billion. The company’s 50-day moving average is $77.71 and its 200 day moving average is $73.38.

DXC Technology Company. (NYSE:DXC) last posted its quarterly earnings results on Thursday, May 25th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.32. DXC Technology Company. had a negative net margin of 1.62% and a positive return on equity of 19.87%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.95 billion. Equities analysts anticipate that DXC Technology Company. will post $6.81 earnings per share for the current year.

The firm also recently declared a special dividend, which was paid on Tuesday, July 11th. Investors of record on Tuesday, June 13th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, June 9th. DXC Technology Company.’s payout ratio is currently -67.42%.

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Several research analysts recently commented on the stock. Zacks Investment Research cut shares of DXC Technology Company. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating and set a $87.00 target price on shares of DXC Technology Company. in a report on Monday, May 15th. Stifel Nicolaus assumed coverage on shares of DXC Technology Company. in a report on Tuesday, May 30th. They set a “hold” rating and a $86.00 target price for the company. Cantor Fitzgerald restated a “hold” rating and set a $75.00 target price on shares of DXC Technology Company. in a report on Friday, May 26th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $90.00 target price on shares of DXC Technology Company. in a report on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $87.30.

In related news, Director Margaret C. Whitman sold 8,600 shares of DXC Technology Company. stock in a transaction on Monday, June 5th. The shares were sold at an average price of $77.18, for a total value of $663,748.00. Following the completion of the sale, the director now owns 111,229 shares of the company’s stock, valued at approximately $8,584,654.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Stephen Hilton sold 5,052 shares of DXC Technology Company. stock in a transaction 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 sale, the executive vice president now directly owns 2,574 shares of the company’s stock, valued at approximately $192,586.68. The disclosure for this sale can be found here. In the last three months, insiders sold 251,936 shares of company stock valued at $19,995,452. 1.30% of the stock is currently owned by insiders.

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

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