Pioneer Investment Management Inc. purchased a new position in shares of DXC Technology Company. (NYSE:DXC) during the second quarter, Holdings Channel reports. The fund purchased 186,007 shares of the company’s stock, valued at approximately $14,270,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Creative Planning purchased a new position in shares of DXC Technology Company. during the second quarter worth $850,000. Grassi Investment Management bought a new stake in DXC Technology Company. during the second quarter worth approximately $203,000. Spirit of America Management Corp NY bought a new stake in DXC Technology Company. during the second quarter worth approximately $271,000. NN Investment Partners Holdings N.V. bought a new stake in DXC Technology Company. during the second quarter worth approximately $2,063,000. Finally, Regentatlantic Capital LLC bought a new stake in DXC Technology Company. during the second quarter worth approximately $4,434,000. Institutional investors and hedge funds own 51.07% of the company’s stock.

DXC Technology Company. (DXC) opened at 82.05 on Friday. The firm has a market capitalization of $23.29 billion, a price-to-earnings ratio of 258.83 and a beta of 1.11. The stock has a 50 day moving average price of $78.64 and a 200 day moving average price of $74.17. DXC Technology Company. has a 1-year low of $45.37 and a 1-year high of $84.50.

DXC Technology Company. (NYSE:DXC) last issued its earnings results on Tuesday, August 8th. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.34. DXC Technology Company. had a return on equity of 14.82% and a net margin of 0.49%. The company had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.95 billion. Analysts predict that DXC Technology Company. will post $6.79 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Wednesday, September 6th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Friday, September 1st. DXC Technology Company.’s payout ratio is currently -315.79%.

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A number of analysts recently commented on DXC shares. Zacks Investment Research cut DXC Technology Company. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 6th. Barclays PLC started coverage on DXC Technology Company. in a research report on Thursday, May 25th. They set an “overweight” rating and a $90.00 price objective for the company. J P Morgan Chase & Co started coverage on DXC Technology Company. in a research report on Wednesday, April 19th. They set an “overweight” rating and a $90.00 price objective for the company. Royal Bank Of Canada reiterated a “buy” rating and set a $87.00 price objective on shares of DXC Technology Company. in a research report on Friday, May 5th. Finally, Goldman Sachs Group, Inc. (The) upgraded DXC Technology Company. from a “buy” rating to a “conviction-buy” rating and lifted their price objective for the stock from $85.00 to $90.00 in a research report on Tuesday, May 9th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. DXC Technology Company. currently has an average rating of “Buy” and a consensus price target of $87.33.

In other DXC Technology Company. news, CFO Paul N. Saleh sold 59,824 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $78.08, for a total value of $4,671,057.92. Following the transaction, the chief financial officer now directly owns 196,113 shares of the company’s stock, valued at approximately $15,312,503.04. The sale 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 the company’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $74.82, for a total value of $377,990.64. Following the completion of the transaction, the executive vice president now directly owns 2,574 shares in the company, valued at $192,586.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 292,396 shares of company stock worth $23,335,020. Insiders own 1.30% of the company’s stock.

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

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