Public Employees Retirement System of Ohio decreased its holdings in shares of DXC Technology Co (NYSE:DXC) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 136,950 shares of the company’s stock after selling 5,569 shares during the period. Public Employees Retirement System of Ohio’s holdings in DXC Technology were worth $11,040,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Fort L.P. acquired a new stake in shares of DXC Technology during the second quarter worth about $120,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of DXC Technology by 17,477.8% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,582 shares of the company’s stock worth $128,000 after buying an additional 1,573 shares during the period. Security National Trust Co. acquired a new stake in shares of DXC Technology during the second quarter worth about $161,000. Coldstream Capital Management Inc. acquired a new stake in shares of DXC Technology during the first quarter worth about $212,000. Finally, Mariner LLC acquired a new stake in shares of DXC Technology during the first quarter worth about $216,000. Institutional investors and hedge funds own 85.16% of the company’s stock.
In other DXC Technology news, insider John M. Lawrie sold 30,000 shares of the stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $92.37, for a total value of $2,771,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joanne Mason sold 1,726 shares of the stock in a transaction dated Tuesday, July 24th. The shares were sold at an average price of $87.74, for a total transaction of $151,439.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 202,753 shares of company stock valued at $18,436,506. 0.65% of the stock is currently owned by corporate insiders.
DXC Technology (NYSE:DXC) last issued its earnings results on Tuesday, August 7th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.18. DXC Technology had a net margin of 7.74% and a return on equity of 18.67%. The company had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.32 billion. sell-side analysts predict that DXC Technology Co will post 8.15 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 16th. Shareholders of record on Wednesday, September 5th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, September 4th. This represents a $0.76 dividend on an annualized basis and a yield of 0.81%. DXC Technology’s dividend payout ratio (DPR) is presently 9.57%.
A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of DXC Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, August 1st. KeyCorp raised their price objective on shares of DXC Technology from $109.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday, August 8th. JPMorgan Chase & Co. reduced their price objective on shares of DXC Technology from $114.00 to $98.00 and set an “overweight” rating for the company in a research report on Tuesday, May 29th. ValuEngine upgraded shares of DXC Technology from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th. Finally, Morgan Stanley reduced their price objective on shares of DXC Technology from $114.00 to $101.00 and set an “overweight” rating for the company in a research report on Friday, June 1st. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. DXC Technology currently has an average rating of “Buy” and a consensus price target of $104.38.
DXC Technology 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 three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).
Read More: Penny Stocks, What You Need To Know
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 Co (NYSE:DXC).
Receive News & Ratings for DXC Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXC Technology and related companies with MarketBeat.com's FREE daily email newsletter.