First Trust Advisors LP Raises Position in DXC Technology Company. (DXC)

First Trust Advisors LP boosted its holdings in DXC Technology Company. (NYSE:DXC) by 63.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 356,468 shares of the company’s stock after acquiring an additional 138,417 shares during the period. First Trust Advisors LP owned 0.13% of DXC Technology Company. worth $30,613,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Boston Advisors LLC acquired a new stake in DXC Technology Company. in the 3rd quarter valued at about $26,636,000. Nationwide Fund Advisors grew its stake in DXC Technology Company. by 32.9% in the 3rd quarter. Nationwide Fund Advisors now owns 613,656 shares of the company’s stock valued at $52,701,000 after acquiring an additional 151,792 shares during the last quarter. Fox Run Management L.L.C. grew its stake in DXC Technology Company. by 225.0% in the 3rd quarter. Fox Run Management L.L.C. now owns 13,000 shares of the company’s stock valued at $1,116,000 after acquiring an additional 9,000 shares during the last quarter. APG Asset Management N.V. grew its stake in DXC Technology Company. by 36.9% in the 3rd quarter. APG Asset Management N.V. now owns 504,946 shares of the company’s stock valued at $43,365,000 after acquiring an additional 136,200 shares during the last quarter. Finally, Oakbrook Investments LLC grew its stake in DXC Technology Company. by 23.1% in the 3rd quarter. Oakbrook Investments LLC now owns 14,364 shares of the company’s stock valued at $1,234,000 after acquiring an additional 2,700 shares during the last quarter. 85.57% of the stock is currently owned by hedge funds and other institutional investors.

In other DXC Technology Company. news, EVP Michael G. Nefkens sold 35,340 shares of DXC Technology Company. stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $92.00, for a total transaction of $3,251,280.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Paul N. Saleh sold 80,922 shares of DXC Technology Company. stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $84.01, for a total value of $6,798,257.22. Following the transaction, the chief financial officer now directly owns 217,211 shares in the company, valued at approximately $18,247,896.11. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 156,722 shares of company stock worth $13,389,106. Company insiders own 1.30% of the company’s stock.

A number of equities research analysts recently commented on DXC shares. Morgan Stanley raised shares of DXC Technology Company. from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $68.00 to $85.00 in a research note on Tuesday, July 4th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $87.00 price target on shares of DXC Technology Company. in a research note on Friday, July 7th. KeyCorp raised shares of DXC Technology Company. from a “sector weight” rating to an “overweight” rating and set a $93.00 price target on the stock in a research note on Friday, July 21st. Zacks Investment Research cut shares of DXC Technology Company. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. 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. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $96.38.

Shares of DXC Technology Company. (DXC) opened at 91.18 on Tuesday. The firm’s 50 day moving average is $87.69 and its 200 day moving average is $81.30. DXC Technology Company. has a 1-year low of $64.06 and a 1-year high of $93.40. The firm has a market capitalization of $25.96 billion, a PE ratio of 287.63 and a beta of 1.04.

DXC Technology Company. (NYSE:DXC) last released its 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. DXC Technology Company. had a return on equity of 17.51% and a net margin of 0.49%. The company had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.95 billion. Analysts anticipate that DXC Technology Company. will post $6.83 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 11th. Shareholders of record on Wednesday, September 6th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, September 1st. This represents a $0.72 annualized dividend and a yield of 0.79%. DXC Technology Company.’s dividend payout ratio (DPR) is presently -378.95%.

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

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