California State Teachers Retirement System Invests $40.02 Million in DXC Technology Company. (DXC) Stock

California State Teachers Retirement System purchased a new position in DXC Technology Company. (NYSE:DXC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 521,648 shares of the company’s stock, valued at approximately $40,021,000. California State Teachers Retirement System owned approximately 0.18% of DXC Technology Company. at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DXC. Neuberger Berman Group LLC purchased a new position in DXC Technology Company. in the first quarter worth about $233,000. Credit Agricole S A purchased a new position in shares of DXC Technology Company. during the first quarter valued at approximately $4,617,000. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of DXC Technology Company. during the first quarter valued at approximately $1,822,000. Goldman Sachs Group Inc. purchased a new position in shares of DXC Technology Company. during the first quarter valued at approximately $115,847,000. Finally, Cacti Asset Management LLC purchased a new position in shares of DXC Technology Company. during the second quarter valued at approximately $209,000. Institutional investors own 85.04% of the company’s stock.

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Several research analysts have issued reports on the company. Citigroup Inc. boosted their target price on DXC Technology Company. from $97.00 to $101.00 and gave the company a “buy” rating in a research report on Friday. Cantor Fitzgerald boosted their target price on DXC Technology Company. from $79.00 to $87.00 and gave the company a “neutral” rating in a research report on Friday. Zacks Investment Research upgraded DXC Technology Company. from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research report on Tuesday. Barclays PLC boosted their price target on DXC Technology Company. from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday. Finally, BMO Capital Markets boosted their price target on DXC Technology Company. from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $93.67.

DXC Technology Company. (NYSE:DXC) traded up 0.53% during trading on Friday, hitting $91.68. The company had a trading volume of 342,918 shares. The stock has a market capitalization of $26.10 billion, a price-to-earnings ratio of 289.21 and a beta of 1.04. The firm’s 50 day moving average is $85.46 and its 200-day moving average is $79.53. DXC Technology Company. has a 52-week low of $51.68 and a 52-week high of $93.40.

DXC Technology Company. (NYSE:DXC) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.34. The company had revenue of $5.91 billion for the quarter, compared to analyst estimates 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 forecast that DXC Technology Company. will post $6.82 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 11th. Stockholders of record on Wednesday, September 6th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Friday, September 1st. DXC Technology Company.’s payout ratio is -378.95%.

In related news, CFO Paul N. Saleh sold 59,824 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $78.08, for a total transaction of $4,671,057.92. Following the sale, the chief financial officer now owns 196,113 shares of the company’s stock, valued at $15,312,503.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Paul N. Saleh sold 40,460 shares of the business’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 sale, the chief financial officer now directly owns 136,384 shares in the company, valued at approximately $11,257,135.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 359,666 shares of company stock worth $29,091,539. 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.

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

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