Oldfield Partners LLP Takes Position in DXC Technology Company. (NYSE:DXC)

Oldfield Partners LLP acquired a new position in DXC Technology Company. (NYSE:DXC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 544,537 shares of the company’s stock, valued at approximately $40,797,000. DXC Technology Company. makes up approximately 3.5% of Oldfield Partners LLP’s portfolio, making the stock its 11th largest position. Oldfield Partners LLP owned about 0.39% of DXC Technology Company. as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC purchased a new position in shares of DXC Technology Company. during the first quarter worth approximately $89,787,000. Goldman Sachs Group Inc. purchased a new position in shares of DXC Technology Company. during the first quarter worth approximately $115,847,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of DXC Technology Company. during the first quarter worth approximately $39,671,000. Chevy Chase Trust Holdings Inc. purchased a new position in shares of DXC Technology Company. during the second quarter worth approximately $18,797,000. Finally, Suffolk Capital Management LLC purchased a new position in shares of DXC Technology Company. during the first quarter worth approximately $14,643,000. Institutional investors own 53.95% of the company’s stock.

DXC Technology Company. (NYSE DXC) traded down 0.29% during trading on Friday, hitting $83.34. 1,782,636 shares of the stock were exchanged. DXC Technology Company. has a one year low of $45.55 and a one year high of $86.08. The stock’s 50 day moving average is $79.51 and its 200-day moving average is $75.00. The company has a market cap of $23.65 billion, a price-to-earnings ratio of 262.90 and a beta of 1.11.

DXC Technology Company. (NYSE:DXC) last released its earnings results on Tuesday, August 8th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.34. The firm had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.95 billion. DXC Technology Company. had a return on equity of 14.82% and a net margin of 0.49%. On average, equities research analysts expect that DXC Technology Company. will post $6.80 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Wednesday, September 6th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Friday, September 1st. DXC Technology Company.’s payout ratio is currently -315.79%.

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DXC has been the subject of a number of analyst reports. Cantor Fitzgerald restated a “hold” rating and set a $79.00 price objective on shares of DXC Technology Company. in a research report on Friday, August 11th. Zacks Investment Research downgraded shares of DXC Technology Company. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 6th. Royal Bank Of Canada restated a “buy” rating and set a $87.00 price objective on shares of DXC Technology Company. in a research report on Monday, May 15th. 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. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $90.00 price target on shares of DXC Technology Company. in a research note on Thursday, May 25th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $87.33.

In related news, CFO Paul N. Saleh sold 40,460 shares of DXC Technology Company. 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 transaction, the chief financial officer now directly owns 136,384 shares of the company’s stock, valued at $11,257,135.36. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Paul N. Saleh sold 80,922 shares of DXC Technology Company. stock in a transaction dated Tuesday, August 15th. The stock was 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 $18,247,896.11. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 373,318 shares of company stock worth $30,133,277. 1.30% of the stock is owned by corporate 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.

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

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