Commerzbank Aktiengesellschaft FI purchased a new position in shares of DXC Technology Company. (NYSE:DXC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 56,661 shares of the company’s stock, valued at approximately $4,347,000.

Several other institutional investors also recently made changes to their positions in DXC. Westside Investment Management Inc. acquired a new stake in shares of DXC Technology Company. during the 1st quarter worth approximately $105,000. Hanson McClain Inc. acquired a new stake in shares of DXC Technology Company. during the 2nd quarter worth approximately $105,000. Cribstone Capital Management LLC raised its position in shares of DXC Technology Company. by 4.7% during the 2nd quarter. Cribstone Capital Management LLC now owns 1,408 shares of the company’s stock worth $108,000 after purchasing an additional 63 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of DXC Technology Company. during the 2nd quarter worth approximately $109,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of DXC Technology Company. during the 2nd quarter worth approximately $128,000. Institutional investors and hedge funds own 85.05% of the company’s stock.

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In other news, EVP Stephen Hilton sold 5,052 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $74.82, for a total value of $377,990.64. Following the transaction, the executive vice president now directly owns 2,574 shares of the company’s stock, valued at approximately $192,586.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul N. Saleh sold 59,824 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 196,113 shares in the company, valued at $15,312,503.04. The disclosure for this sale can be found here. Insiders sold a total of 364,718 shares of company stock worth $29,469,529 over the last three months. 1.30% of the stock is owned by company insiders.

DXC has been the topic of a number of research reports. Morgan Stanley upgraded DXC Technology Company. from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $68.00 to $85.00 in a research report on Tuesday, July 4th. Jefferies Group LLC increased their price target on DXC Technology Company. from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 24th. Goldman Sachs Group, Inc. (The) upgraded DXC Technology Company. from a “buy” rating to a “conviction-buy” rating and increased their price target for the stock from $85.00 to $90.00 in a research report on Tuesday, May 9th. Zacks Investment Research cut DXC Technology Company. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $90.00 price target on shares of DXC Technology Company. in a research report on Thursday, May 25th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. DXC Technology Company. currently has a consensus rating of “Buy” and an average target price of $88.31.

Shares of DXC Technology Company. (DXC) opened at 84.91 on Monday. The firm has a market capitalization of $24.17 billion, a PE ratio of 267.85 and a beta of 1.03. DXC Technology Company. has a 52-week low of $64.06 and a 52-week high of $86.08. The company has a 50-day moving average price of $81.52 and a 200 day moving average price of $76.18.

DXC Technology Company. (NYSE:DXC) last announced its earnings results on Tuesday, August 8th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.25 by $0.34. The business had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.95 billion. DXC Technology Company. had a return on equity of 17.51% and a net margin of 0.49%. Analysts expect that DXC Technology Company. will post $6.81 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Wednesday, September 6th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Friday, September 1st. DXC Technology Company.’s payout ratio is currently -378.95%.

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.

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

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