Creative Planning Invests $850,000 in DXC Technology Company. (NYSE:DXC)

Creative Planning purchased a new position in shares of DXC Technology Company. (NYSE:DXC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,079 shares of the company’s stock, valued at approximately $850,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Cribstone Capital Management LLC acquired a new position in DXC Technology Company. during the first quarter worth approximately $102,000. Westside Investment Management Inc. acquired a new position in DXC Technology Company. during the first quarter worth approximately $105,000. Bartlett & Co. LLC acquired a new position in DXC Technology Company. during the first quarter worth approximately $145,000. Grassi Investment Management acquired a new position in DXC Technology Company. during the second quarter worth approximately $203,000. Finally, Advisor Partners LLC acquired a new position in DXC Technology Company. during the first quarter worth approximately $207,000. 53.95% of the stock is owned by institutional investors and hedge funds.

Shares of DXC Technology Company. (DXC) traded down 2.58% on Thursday, hitting $83.58. The stock had a trading volume of 1,772,647 shares. The company has a 50-day moving average of $79.23 and a 200-day moving average of $74.78. DXC Technology Company. has a 52-week low of $64.06 and a 52-week high of $86.08. The company has a market cap of $23.72 billion, a P/E ratio of 263.66 and a beta of 1.11.

DXC Technology Company. (NYSE:DXC) last posted its quarterly earnings results 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. DXC Technology Company. had a net margin of 0.49% and a return on equity of 14.82%. The firm had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.95 billion. On average, equities analysts anticipate that DXC Technology Company. will post $6.80 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Wednesday, September 6th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Friday, September 1st. DXC Technology Company.’s dividend payout ratio is presently -315.79%.

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A number of research firms have commented on DXC. Stifel Nicolaus reaffirmed a “hold” rating and set a $86.00 price target on shares of DXC Technology Company. in a research report on Thursday, August 10th. TheStreet raised DXC Technology Company. from a “c” rating to a “b” rating in a research report on Tuesday, August 8th. Cowen and Company reaffirmed a “hold” rating and set a $77.00 price target on shares of DXC Technology Company. in a research report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) raised DXC Technology Company. from a “buy” rating to a “conviction-buy” rating and increased their target price for the stock from $85.00 to $90.00 in a research report on Tuesday, May 9th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $94.00 target price (up previously from $92.00) on shares of DXC Technology Company. in a research report on Wednesday, August 9th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $87.33.

In related news, Director Margaret C. Whitman sold 8,600 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $77.18, for a total value of $663,748.00. Following the completion of the transaction, the director now owns 111,229 shares of the company’s stock, valued at $8,584,654.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction 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 disclosure for this sale can be found here. Insiders have sold 292,396 shares of company stock valued at $23,335,020 in the last ninety days. Insiders own 1.30% of the company’s stock.

DXC Technology Company. Company Profile

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.