27,656 Shares in DXC Technology Company. (NYSE:DXC) Acquired by Exane Derivatives

Exane Derivatives purchased a new position in DXC Technology Company. (NYSE:DXC) during the second quarter, Holdings Channel reports. The fund purchased 27,656 shares of the company’s stock, valued at approximately $2,121,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Cribstone Capital Management LLC purchased a new position in shares of DXC Technology Company. during the first quarter worth approximately $102,000. Westside Investment Management Inc. bought a new stake in DXC Technology Company. during the first quarter worth about $105,000. Bartlett & Co. LLC bought a new stake in DXC Technology Company. during the first quarter worth about $145,000. Trust Asset Management LLC bought a new stake in DXC Technology Company. during the second quarter worth about $160,000. Finally, Grassi Investment Management bought a new stake in DXC Technology Company. during the second quarter worth about $203,000. 49.61% of the stock is owned by institutional investors.

Shares of DXC Technology Company. (NYSE:DXC) traded down 0.38% during mid-day trading on Monday, hitting $78.21. The stock had a trading volume of 1,481,771 shares. The company’s 50 day moving average price is $77.52 and its 200 day moving average price is $70.43. DXC Technology Company. has a 12-month low of $64.06 and a 12-month high of $80.83. The stock’s market cap is $11.05 billion.

DXC Technology Company. (NYSE:DXC) last announced its quarterly earnings results on Thursday, May 25th. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.32. DXC Technology Company. had a negative net margin of 1.62% and a positive return on equity of 19.87%. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Equities research analysts predict that DXC Technology Company. will post $6.70 EPS for the current fiscal year.

The firm also recently declared a special dividend, which was paid on Tuesday, July 11th. Investors of record on Tuesday, June 13th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, June 9th. DXC Technology Company.’s dividend payout ratio (DPR) is -67.42%.

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A number of equities research analysts have recently issued reports on DXC shares. Citigroup Inc. restated a “buy” rating on shares of DXC Technology Company. in a research report on Monday, April 10th. Goldman Sachs Group, Inc. (The) started coverage on DXC Technology Company. in a research report on Monday, March 27th. They issued a “buy” rating and a $84.00 price target for the company. Royal Bank Of Canada restated a “buy” rating and issued a $87.00 price target on shares of DXC Technology Company. in a research report on Friday, May 5th. Stifel Nicolaus initiated coverage on DXC Technology Company. in a research report on Tuesday, May 30th. They issued a “hold” rating and a $86.00 price objective for the company. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $75.00 price objective on shares of DXC Technology Company. in a research report on Friday, May 26th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $86.67.

In other DXC Technology Company. news, EVP Stephen Hilton sold 5,052 shares of the company’s stock in a transaction dated Friday, June 16th. The shares were 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 of the company’s stock, valued at approximately $192,586.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Margaret C. Whitman sold 8,600 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $77.18, for a total transaction of $663,748.00. Following the completion of the transaction, the director now directly owns 111,229 shares of the company’s stock, valued at $8,584,654.22. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

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 Company. (NYSE:DXC).

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

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