Oak Associates Ltd. OH bought a new stake in DXC Technology Company. (NYSE:DXC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 95,895 shares of the company’s stock, valued at approximately $7,357,000.

Several other hedge funds have also modified their holdings of DXC. Advisory Services Network LLC purchased a new position in shares of DXC Technology Company. in the 2nd quarter valued at $101,000. Hanson McClain Inc. purchased a new position in shares of DXC Technology Company. in the 2nd quarter valued at $105,000. Pinebridge Investments L.P. purchased a new position in shares of DXC Technology Company. in the 2nd quarter valued at $106,000. Cribstone Capital Management LLC raised its stake in shares of DXC Technology Company. by 4.7% in the 2nd quarter. Cribstone Capital Management LLC now owns 1,408 shares of the company’s stock valued at $108,000 after acquiring an additional 63 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of DXC Technology Company. in the 2nd quarter valued at $109,000. 85.04% of the stock is currently owned by institutional investors and hedge funds.

DXC Technology Company. (NYSE DXC) traded down 0.18% during midday trading on Friday, reaching $91.04. 2,027,150 shares of the company were exchanged. The firm has a market cap of $25.92 billion, a P/E ratio of 287.19 and a beta of 1.04. DXC Technology Company. has a one year low of $51.68 and a one year high of $93.40. The firm’s 50-day moving average is $85.65 and its 200-day moving average is $79.77.

DXC Technology Company. (NYSE:DXC) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $1.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.34. DXC Technology Company. had a net margin of 0.49% and a return on equity of 17.51%. The business had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.95 billion. On average, equities analysts expect that DXC Technology Company. will post $6.90 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 11th. Stockholders of record on Wednesday, September 6th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Friday, September 1st. DXC Technology Company.’s payout ratio is -378.95%.

In other news, EVP Michael G. Nefkens sold 35,340 shares of the business’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $92.00, for a total value of $3,251,280.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael G. Nefkens sold 128,328 shares of the business’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $80.03, for a total transaction of $10,270,089.84. Following the completion of the sale, the executive vice president now owns 25,447 shares of the company’s stock, valued at $2,036,523.41. The disclosure for this sale can be found here. Insiders sold 395,006 shares of company stock valued at $32,342,819 over the last 90 days. 1.30% of the stock is owned by corporate insiders.

A number of brokerages have recently commented on DXC. 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, August 10th. TheStreet raised shares of DXC Technology Company. from a “c” rating to a “b” rating in a research note on Tuesday, August 8th. Cowen and Company reissued a “hold” rating and issued a $77.00 target price on shares of DXC Technology Company. in a research note on Thursday, August 10th. Zacks Investment Research raised shares of DXC Technology Company. from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research note on Tuesday, October 10th. 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 target price on the stock. Four 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’s stock. The stock has a consensus rating of “Buy” and an average price target of $93.67.

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About DXC Technology Company.

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.

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

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