Comerica Securities Inc. bought a new position in shares of DXC Technology Co (NYSE:DXC) during the 3rd quarter, HoldingsChannel reports. The firm bought 2,161 shares of the company’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds also recently modified their holdings of DXC. ELM Advisors LLC acquired a new position in DXC Technology during the third quarter worth about $105,000. Truvestments Capital LLC acquired a new position in DXC Technology during the third quarter worth about $117,000. Fort L.P. acquired a new position in DXC Technology during the second quarter worth about $120,000. Migdal Insurance & Financial Holdings Ltd. grew its position in DXC Technology by 17,477.8% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,582 shares of the company’s stock worth $128,000 after buying an additional 1,573 shares during the period. Finally, Legacy Financial Advisors Inc. grew its position in DXC Technology by 111.8% during the third quarter. Legacy Financial Advisors Inc. now owns 1,413 shares of the company’s stock worth $132,000 after buying an additional 746 shares during the period. Institutional investors own 85.40% of the company’s stock.

In related news, CFO Paul N. Saleh sold 5,715 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $90.02, for a total transaction of $514,464.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John M. Lawrie sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 28th. The stock was sold at an average price of $93.90, for a total transaction of $469,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 181,158 shares of company stock worth $16,526,731. 0.65% of the stock is owned by company insiders.

DXC has been the topic of several research reports. Berenberg Bank lowered their price target on shares of DXC Technology to $80.00 and set a “hold” rating on the stock in a research report on Friday. Zacks Investment Research upgraded shares of DXC Technology from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Tuesday, August 21st. ValuEngine lowered shares of DXC Technology from a “sell” rating to a “strong sell” rating in a research report on Friday, November 2nd. Wolfe Research initiated coverage on shares of DXC Technology in a research report on Tuesday, July 17th. They issued an “outperform” rating on the stock. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $103.00 price target on shares of DXC Technology in a research report on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned 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 $99.87.

DXC stock opened at $62.00 on Friday. The company has a market capitalization of $17.79 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 1.07 and a beta of 1.32. DXC Technology Co has a 12 month low of $60.05 and a 12 month high of $107.85. The company has a current ratio of 1.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.46.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Tuesday, November 6th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.96 by $0.06. DXC Technology had a net margin of 8.15% and a return on equity of 19.07%. The business had revenue of $5.01 billion for the quarter, compared to analyst estimates of $5.30 billion. During the same period in the prior year, the business earned $1.93 earnings per share. The company’s quarterly revenue was down 8.1% on a year-over-year basis. Equities analysts anticipate that DXC Technology Co will post 8.16 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, December 5th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 4th. This represents a $0.76 dividend on an annualized basis and a yield of 1.23%. DXC Technology’s dividend payout ratio (DPR) is currently 9.57%.

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About DXC Technology

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).

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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 Co (NYSE:DXC).

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

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