Frontier Capital Management Co. LLC Acquires Shares of 845,731 DXC Technology Company. (DXC)

Frontier Capital Management Co. LLC acquired a new position in shares of DXC Technology Company. (NYSE:DXC) during the second quarter, Holdings Channel reports. The firm acquired 845,731 shares of the company’s stock, valued at approximately $64,884,000.

A number of other hedge funds have also recently added to or reduced their stakes in DXC. Creative Planning bought a new stake in shares of DXC Technology Company. during the second quarter worth about $850,000. Grassi Investment Management bought a new stake in shares of DXC Technology Company. during the second quarter worth about $203,000. Spirit of America Management Corp NY bought a new stake in shares of DXC Technology Company. during the second quarter worth about $271,000. National Pension Service bought a new stake in shares of DXC Technology Company. during the second quarter worth about $10,005,000. Finally, NN Investment Partners Holdings N.V. bought a new stake in shares of DXC Technology Company. during the second quarter worth about $2,063,000. Institutional investors and hedge funds own 53.95% of the company’s stock.

Shares of DXC Technology Company. (DXC) opened at 83.34 on Friday. The company has a market cap of $23.65 billion, a PE ratio of 262.90 and a beta of 1.11. DXC Technology Company. has a 12 month low of $45.55 and a 12 month high of $86.08. The company has a 50-day moving average of $79.51 and a 200 day moving average of $75.00.

DXC Technology Company. (NYSE:DXC) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.34. The firm had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.95 billion. DXC Technology Company. had a return on equity of 14.82% and a net margin of 0.49%. On average, analysts anticipate that DXC Technology Company. will post $6.80 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Wednesday, September 6th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Friday, September 1st. DXC Technology Company.’s dividend payout ratio (DPR) is -315.79%.

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A number of research firms recently issued reports on DXC. Cowen and Company reissued a “hold” rating and issued a $77.00 price objective on shares of DXC Technology Company. in a report on Thursday, August 10th. TheStreet raised shares of DXC Technology Company. from a “c” rating to a “b” rating in a report on Tuesday, August 8th. BMO Capital Markets reissued an “outperform” rating and issued a $94.00 price objective (up previously from $92.00) on shares of DXC Technology Company. in a report on Wednesday, August 9th. Stifel Nicolaus reissued a “hold” rating and issued a $86.00 price objective on shares of DXC Technology Company. in a report on Thursday, August 10th. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $79.00 price objective on shares of DXC Technology Company. in a report on Friday, August 11th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $87.33.

In related news, CFO Paul N. Saleh sold 80,922 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $84.01, for a total transaction of $6,798,257.22. Following the completion of the transaction, the chief financial officer now directly owns 217,211 shares in the company, valued at approximately $18,247,896.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen Hilton sold 5,052 shares of the firm’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 transaction, the executive vice president now owns 2,574 shares of the company’s stock, valued at $192,586.68. The disclosure for this sale can be found here. Insiders have sold a total of 373,318 shares of company stock valued at $30,133,277 over the last 90 days. 1.30% of the stock is currently owned by company insiders.

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.

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