Rhumbline Advisers boosted its position in DXC Technology Company. (NYSE:DXC) by 114.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 532,318 shares of the company’s stock after buying an additional 284,091 shares during the period. Rhumbline Advisers’ holdings in DXC Technology Company. were worth $40,839,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of DXC. Cribstone Capital Management LLC purchased a new position in DXC Technology Company. during the first quarter worth about $102,000. Westside Investment Management Inc. purchased a new position in DXC Technology Company. during the first quarter worth about $105,000. Oakworth Capital Inc. purchased a new position in DXC Technology Company. during the second quarter worth about $137,000. Whittier Trust Co. of Nevada Inc. purchased a new position in DXC Technology Company. during the second quarter worth about $143,000. Finally, Bartlett & Co. LLC purchased a new position in DXC Technology Company. during the first quarter worth about $145,000. Hedge funds and other institutional investors own 51.07% of the company’s stock.

Shares of DXC Technology Company. (NYSE:DXC) opened at 82.05 on Friday. 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. The company has a market cap of $23.29 billion, a price-to-earnings ratio of 258.83 and a beta of 1.11.

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

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

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A number of research firms have recently issued reports on DXC. Cowen and Company reiterated a “hold” rating and issued a $77.00 price objective on shares of DXC Technology Company. in a report on Thursday. TheStreet raised DXC Technology Company. from a “c” rating to a “b” rating in a research note on Tuesday, August 8th. BMO Capital Markets reissued an “outperform” rating and issued a $94.00 target price (up previously from $92.00) on shares of DXC Technology Company. in a research note on Wednesday. Stifel Nicolaus reissued a “hold” rating and issued a $86.00 target price on shares of DXC Technology Company. in a research note on Thursday. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $79.00 target price on shares of DXC Technology Company. in a research note on Friday. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $87.33.

In related news, CFO Paul N. Saleh sold 40,460 shares of DXC Technology Company. stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $82.54, for a total value of $3,339,568.40. Following the completion of the transaction, the chief financial officer now owns 136,384 shares in the company, valued at $11,257,135.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Stephen Hilton sold 5,052 shares of DXC Technology Company. 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 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 quarter, insiders sold 292,396 shares of company stock valued at $23,335,020. 1.30% of the stock is currently owned by company insiders.

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

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