Whittier Trust Co. Purchases New Stake in DXC Technology Company. (NYSE:DXC)

Whittier Trust Co. bought a new stake in shares of DXC Technology Company. (NYSE:DXC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,106 shares of the company’s stock, valued at approximately $315,000.

Other institutional investors also recently bought and sold shares of the company. Cribstone Capital Management LLC bought a new position in DXC Technology Company. during the first quarter valued at about $102,000. Westside Investment Management Inc. bought a new position in DXC Technology Company. during the first quarter valued at about $105,000. Bartlett & Co. LLC bought a new position in DXC Technology Company. during the first quarter valued at about $145,000. Trust Asset Management LLC bought a new position in DXC Technology Company. during the second quarter valued at about $160,000. Finally, Grassi Investment Management bought a new position in DXC Technology Company. during the second quarter valued at about $203,000. Institutional investors and hedge funds own 53.95% of the company’s stock.

DXC Technology Company. (DXC) traded down 0.29% during midday trading on Friday, reaching $83.34. 1,782,636 shares of the company traded hands. The stock has a market capitalization of $23.65 billion, a P/E ratio of 262.90 and a beta of 1.11. DXC Technology Company. has a 1-year low of $45.55 and a 1-year high of $86.08. The firm has a 50-day moving average of $79.51 and a 200-day moving average of $75.00.

DXC Technology Company. (NYSE:DXC) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.34. DXC Technology Company. had a return on equity of 14.82% and a net margin of 0.49%. The company had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.95 billion. On average, analysts predict that DXC Technology Company. will post $6.80 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Wednesday, September 6th will be issued a $0.18 dividend. 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 presently -315.79%.

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Several research firms have issued reports on DXC. Stifel Nicolaus restated a “hold” rating and set a $86.00 target price on shares of DXC Technology Company. in a research note on Thursday, August 10th. TheStreet upgraded shares of DXC Technology Company. from a “c” rating to a “b” rating in a research note on Tuesday, August 8th. Cowen and Company reiterated a “hold” rating and issued a $77.00 price objective on shares of DXC Technology Company. in a research note on Thursday, August 10th. Goldman Sachs Group, Inc. (The) upgraded shares of DXC Technology Company. from a “buy” rating to a “conviction-buy” rating and increased their price objective for the stock from $85.00 to $90.00 in a research note on Tuesday, May 9th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $94.00 price objective (up previously 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 issued a buy rating and one has issued a strong buy rating to the stock. DXC Technology Company. has a consensus rating of “Buy” and an average target price of $87.33.

In other DXC Technology Company. news, Director Margaret C. Whitman sold 8,600 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $77.18, for a total value of $663,748.00. Following the completion of the transaction, the director now directly owns 111,229 shares of the company’s stock, valued at $8,584,654.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Paul N. Saleh sold 80,922 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $18,247,896.11. The disclosure for this sale can be found here. Insiders sold 373,318 shares of company stock valued at $30,133,277 over the last three months. 1.30% of the stock is currently 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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