Boston Partners Invests $932.57 Million in DXC Technology Company. (NYSE:DXC)

Boston Partners acquired a new position in DXC Technology Company. (NYSE:DXC) during the second quarter, Holdings Channel reports. The fund acquired 12,155,538 shares of the company’s stock, valued at approximately $932,573,000. DXC Technology Company. makes up about 1.2% of Boston Partners’ portfolio, making the stock its 10th largest position.

Several other large investors have also recently modified their holdings of the company. Geode Capital Management LLC bought a new stake in shares of DXC Technology Company. during the first quarter valued at about $89,787,000. Goldman Sachs Group Inc. bought a new stake in shares of DXC Technology Company. during the first quarter valued at about $115,847,000. Schwab Charles Investment Management Inc. bought a new stake in shares of DXC Technology Company. during the second quarter valued at about $91,013,000. Korea Investment CORP bought a new stake in shares of DXC Technology Company. during the second quarter valued at about $47,811,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of DXC Technology Company. during the second quarter valued at about $43,991,000. Institutional investors own 51.07% of the company’s stock.

DXC Technology Company. (NYSE DXC) opened at 82.98 on Thursday. The firm’s market capitalization is $11.72 billion. The firm’s 50-day moving average is $78.35 and its 200 day moving average is $73.95. DXC Technology Company. has a 12 month low of $45.37 and a 12 month high of $84.50.

DXC Technology Company. (NYSE:DXC) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.34. The firm had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.95 billion. DXC Technology Company. had a net margin of 0.49% and a return on equity of 36.87%. On average, analysts expect that DXC Technology Company. will post $6.86 EPS for the current fiscal year.

The business also recently disclosed a special dividend, which was paid on Tuesday, July 11th. Stockholders 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 currently -315.79%.

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Several equities research analysts recently issued reports on the company. Stifel Nicolaus reiterated a “hold” rating and issued a $86.00 price target on shares of DXC Technology Company. in a research note on Thursday. TheStreet upgraded DXC Technology Company. from a “c” rating to a “b” rating in a research note on Tuesday. Cowen and Company reiterated a “hold” rating and issued a $77.00 price target on shares of DXC Technology Company. in a research note on Thursday. Zacks Investment Research cut DXC Technology Company. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $87.00 price target on shares of DXC Technology Company. in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. DXC Technology Company. currently has an average rating of “Buy” and a consensus target price of $87.00.

In related news, EVP Stephen Hilton sold 5,052 shares of DXC Technology Company. stock in a transaction on Friday, June 16th. The shares were sold at an average price of $74.82, for a total value of $377,990.64. Following the transaction, the executive vice president now owns 2,574 shares in the company, valued at approximately $192,586.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael G. Nefkens sold 128,328 shares of DXC Technology Company. 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 transaction, the executive vice president now owns 25,447 shares in the company, valued at approximately $2,036,523.41. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 251,936 shares of company stock worth $19,995,452. Corporate insiders own 1.30% of the company’s stock.

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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