SOL Capital Management CO Buys Shares of 8,313 DXC Technology Company. (DXC)

SOL Capital Management CO purchased a new position in shares of DXC Technology Company. (NYSE:DXC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 8,313 shares of the company’s stock, valued at approximately $638,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DXC. Neuberger Berman Group LLC bought a new position in DXC Technology Company. during the first quarter valued at approximately $233,000. Delta Lloyd NV bought a new position in DXC Technology Company. during the first quarter valued at approximately $1,942,000. Private Advisor Group LLC bought a new position in DXC Technology Company. during the first quarter valued at approximately $295,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in DXC Technology Company. during the first quarter valued at approximately $39,671,000. Finally, Balasa Dinverno & Foltz LLC bought a new position in DXC Technology Company. during the first quarter valued at approximately $569,000. Hedge funds and other institutional investors own 51.07% of the company’s stock.

Shares of DXC Technology Company. (NYSE:DXC) opened at 82.05 on Friday. The company has a market capitalization of $23.29 billion, a PE ratio of 258.83 and a beta of 1.11. The firm’s 50-day moving average price is $78.64 and its 200 day moving average price is $74.17. DXC Technology Company. has a 52-week low of $45.37 and a 52-week high of $84.50.

DXC Technology Company. (NYSE:DXC) last issued its earnings results on Tuesday, August 8th. The company reported $1.59 EPS for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.34. The business had revenue of $5.91 billion for 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 14.82%. On average, equities analysts forecast that DXC Technology Company. will post $6.79 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Wednesday, September 6th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a yield of 0.88%. DXC Technology Company.’s dividend payout ratio is currently -315.79%.

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Several research firms have recently commented on DXC. Stifel Nicolaus reiterated a “hold” rating and issued a $86.00 price objective on shares of DXC Technology Company. in a report on Thursday. TheStreet upgraded DXC Technology Company. from a “c” rating to a “b” rating in a report on Tuesday. Cowen and Company reiterated a “hold” rating and issued a $77.00 price objective on shares of DXC Technology Company. in a report on Thursday. Zacks Investment Research upgraded DXC Technology Company. from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $79.00 price objective on shares of DXC Technology Company. in a report on Friday. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. DXC Technology Company. presently has an average rating of “Buy” and an average price target of $87.33.

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 transaction, the executive vice president now directly owns 2,574 shares in the company, valued at approximately $192,586.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul N. Saleh sold 40,460 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $82.54, for a total transaction of $3,339,568.40. Following the completion of the transaction, the chief financial officer now owns 136,384 shares in the company, valued at $11,257,135.36. The disclosure for this sale can be found here. Insiders sold a total of 292,396 shares of company stock worth $23,335,020 over the last 90 days. Insiders own 1.30% of the company’s stock.

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

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