Dorsey Wright & Associates Takes $5.94 Million Position in DXC Technology Company. (DXC)

Dorsey Wright & Associates acquired a new position in shares of DXC Technology Company. (NYSE:DXC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 77,438 shares of the company’s stock, valued at approximately $5,941,000. DXC Technology Company. makes up approximately 2.3% of Dorsey Wright & Associates’ investment portfolio, making the stock its 3rd largest position. Dorsey Wright & Associates owned about 0.05% of DXC Technology Company. as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Boston Partners bought a new stake in DXC Technology Company. during the 2nd quarter worth approximately $932,573,000. Franklin Resources Inc. bought a new stake in DXC Technology Company. during the 2nd quarter worth approximately $514,971,000. TIAA CREF Investment Management LLC bought a new stake in DXC Technology Company. during the 2nd quarter worth approximately $359,559,000. Bank of New York Mellon Corp increased its holdings in DXC Technology Company. by 66,828.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,494,414 shares of the company’s stock worth $191,371,000 after purchasing an additional 2,490,687 shares in the last quarter. Finally, American Century Companies Inc. bought a new stake in DXC Technology Company. during the 2nd quarter worth approximately $190,008,000. 85.05% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Michael G. Nefkens sold 128,328 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $80.03, for a total transaction of $10,270,089.84. Following the completion of the sale, the executive vice president now owns 25,447 shares of the company’s stock, valued at $2,036,523.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stephen Hilton sold 5,052 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $74.82, for a total transaction of $377,990.64. Following the sale, 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 364,718 shares of company stock valued at $29,469,529 in the last three months. 1.30% of the stock is owned by insiders.

DXC has been the subject of a number of recent research reports. Zacks Investment Research lowered DXC Technology Company. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Barclays PLC started coverage on DXC Technology Company. in a research note on Thursday, May 25th. They issued an “overweight” rating and a $90.00 target price on the stock. Morgan Stanley upgraded DXC Technology Company. from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $68.00 to $85.00 in a research note on Tuesday, July 4th. KeyCorp upgraded DXC Technology Company. from a “sector weight” rating to an “overweight” rating and set a $93.00 target price on the stock in a research note on Friday, July 21st. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $90.00 target price on shares of DXC Technology Company. in a research note on Thursday, May 25th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $89.14.

TRADEMARK VIOLATION NOTICE: This piece of content was published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece of content on another site, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://stocknewstimes.com/2017/09/13/dorsey-wright-associates-takes-5-94-million-position-in-dxc-technology-company-dxc.html.

Shares of DXC Technology Company. (NYSE DXC) traded down 1.14% during trading on Wednesday, hitting $84.93. The stock had a trading volume of 270,077 shares. The stock has a 50 day moving average of $82.43 and a 200 day moving average of $76.77. DXC Technology Company. has a 52-week low of $45.55 and a 52-week high of $86.08. The firm has a market cap of $24.18 billion, a PE ratio of 267.92 and a beta of 1.03.

DXC Technology Company. (NYSE:DXC) last announced 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. The company had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.95 billion. DXC Technology Company. had a net margin of 0.49% and a return on equity of 17.51%. On average, equities analysts anticipate that DXC Technology Company. will post $6.81 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Wednesday, September 6th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, September 1st. DXC Technology Company.’s dividend payout ratio (DPR) is currently -378.95%.

DXC Technology 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.

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)

Receive News & Ratings for DXC Technology Company. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXC Technology Company. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply