Bp Plc bought a new stake in shares of DXC Technology Company. (NYSE:DXC) during the second quarter, Holdings Channel reports. The firm bought 36,641 shares of the company’s stock, valued at approximately $2,811,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cribstone Capital Management LLC raised its position in shares of DXC Technology Company. by 4.7% in the second quarter. Cribstone Capital Management LLC now owns 1,408 shares of the company’s stock valued at $108,000 after buying an additional 63 shares during the period. Fox Run Management L.L.C. raised its position in shares of DXC Technology Company. by 15.5% in the second quarter. Fox Run Management L.L.C. now owns 4,000 shares of the company’s stock valued at $307,000 after buying an additional 537 shares during the period. Westside Investment Management Inc. acquired a new position in shares of DXC Technology Company. during the first quarter valued at about $105,000. Oakworth Capital Inc. acquired a new position in shares of DXC Technology Company. during the second quarter valued at about $137,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in shares of DXC Technology Company. during the second quarter valued at about $143,000. 51.07% of the stock is currently owned by institutional investors.

Shares of DXC Technology Company. (DXC) opened at 82.98 on Thursday. The firm’s market capitalization is $11.72 billion. DXC Technology Company. has a 12 month low of $45.37 and a 12 month high of $84.50. The company has a 50 day moving average of $78.35 and a 200-day moving average of $73.95.

DXC Technology Company. (NYSE:DXC) last released its quarterly earnings results on Tuesday, August 8th. The company reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.34. The company had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.95 billion. DXC Technology Company. had a return on equity of 36.87% and a net margin of 0.49%. Analysts predict that DXC Technology Company. will post $6.72 EPS for the current year.

The company also recently declared a special dividend, which was paid on Tuesday, July 11th. Stockholders of record on Tuesday, June 13th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, June 9th. DXC Technology Company.’s dividend payout ratio (DPR) is currently -315.79%.

ILLEGAL ACTIVITY WARNING: This article was first published by Daily Political and is owned by of Daily Political. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/08/10/bp-plc-buys-shares-of-36641-dxc-technology-company-nysedxc.html.

Several brokerages have recently issued reports on DXC. BMO Capital Markets raised their target price on shares of DXC Technology Company. from $92.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $86.00 target price on shares of DXC Technology Company. in a research note on Thursday. KeyCorp raised shares of DXC Technology Company. from a “sector weight” rating to an “overweight” rating and set a $93.00 target price on the stock in a research note on Friday, July 21st. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $87.00 target price on shares of DXC Technology Company. in a research note on Tuesday, June 6th. Finally, Zacks Investment Research lowered shares of DXC Technology Company. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $87.91.

In other news, EVP Stephen Hilton sold 5,052 shares of the business’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $74.82, for a total transaction of $377,990.64. Following the sale, the executive vice president now directly owns 2,574 shares in the company, valued at $192,586.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Margaret C. Whitman sold 8,600 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $77.18, for a total value of $663,748.00. Following the sale, the director now owns 111,229 shares in the company, valued at $8,584,654.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 251,936 shares of company stock worth $19,995,452. Company insiders own 1.30% of the company’s stock.

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 & 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 companies with MarketBeat.com's FREE daily email newsletter.