Montgomery Investment Management Inc. 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 SEC. The institutional investor purchased 26,656 shares of the company’s stock, valued at approximately $2,045,000.
Several other large investors also recently added to or reduced their stakes in the stock. Creative Planning bought a new stake in DXC Technology Company. during the second quarter worth approximately $850,000. Grassi Investment Management acquired a new stake in shares of DXC Technology Company. during the second quarter valued at approximately $203,000. Spirit of America Management Corp NY acquired a new stake in shares of DXC Technology Company. during the second quarter valued at approximately $271,000. National Pension Service acquired a new stake in shares of DXC Technology Company. during the second quarter valued at approximately $10,005,000. Finally, NN Investment Partners Holdings N.V. acquired a new stake in shares of DXC Technology Company. during the second quarter valued at approximately $2,063,000. Hedge funds and other institutional investors own 53.95% of the company’s stock.
Shares of DXC Technology Company. (DXC) traded down 0.29% during mid-day trading on Friday, hitting $83.34. The company had a trading volume of 1,782,636 shares. The firm has a market capitalization of $23.65 billion, a PE ratio of 262.90 and a beta of 1.11. The firm has a 50-day moving average price of $79.51 and a 200-day moving average price of $75.00. DXC Technology Company. has a 52 week low of $45.55 and a 52 week high of $86.08.
The firm 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. 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 0.86%. DXC Technology Company.’s payout ratio is presently -315.79%.
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Several equities research analysts recently commented on the company. Stifel Nicolaus restated a “hold” rating and set a $86.00 target price on shares of DXC Technology Company. in a research report on Thursday, August 10th. TheStreet upgraded 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 note on Thursday, August 10th. Goldman Sachs Group, Inc. (The) raised DXC Technology Company. from a “buy” rating to a “conviction-buy” rating and upped their price target for the stock from $85.00 to $90.00 in a research note on Tuesday, May 9th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $94.00 price target (up from $92.00) on shares of DXC Technology Company. in a research note on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. DXC Technology Company. presently has a consensus rating of “Buy” and a consensus target price of $87.33.
In related news, EVP Stephen Hilton sold 5,052 shares of the business’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $74.82, for a total transaction of $377,990.64. Following the transaction, the executive vice president now directly owns 2,574 shares in the company, valued at $192,586.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul N. Saleh sold 80,922 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were 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 owns 217,211 shares in the company, valued at $18,247,896.11. The disclosure for this sale can be found here. Insiders have sold 373,318 shares of company stock worth $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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