USA Financial Portformulas Corp Takes $505,000 Position in DXC Technology Company. (DXC)

USA Financial Portformulas Corp bought a new stake in shares of DXC Technology Company. (NYSE:DXC) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,578 shares of the company’s stock, valued at approximately $505,000.

Other large investors also recently modified their holdings of the company. Prudential Financial Inc. acquired a new stake in shares of DXC Technology Company. during the 2nd quarter valued at $30,415,000. Burney Co. acquired a new stake in shares of DXC Technology Company. during the 2nd quarter valued at $1,029,000. Creative Planning acquired a new stake in shares of DXC Technology Company. during the 2nd quarter valued at $850,000. Investec Asset Management PTY Ltd acquired a new stake in shares of DXC Technology Company. during the 2nd quarter valued at $434,000. Finally, State of Tennessee Treasury Department acquired a new stake in shares of DXC Technology Company. during the 2nd quarter valued at $11,312,000. 85.06% of the stock is owned by institutional investors.

In other DXC Technology Company. news, EVP Michael G. Nefkens sold 35,340 shares of the stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $92.00, for a total transaction of $3,251,280.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Paul N. Saleh sold 40,460 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were 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 owns 136,384 shares in the company, valued at $11,257,135.36. The disclosure for this sale can be found here. Insiders have sold 156,722 shares of company stock worth $13,389,106 over the last quarter. Company insiders own 1.30% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Cowen and Company reaffirmed a “hold” rating and issued a $77.00 price objective on shares of DXC Technology Company. in a research note on Thursday, August 10th. TheStreet raised shares of DXC Technology Company. from a “c” rating to a “b” rating in a research note on Tuesday, August 8th. BMO Capital Markets reaffirmed 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. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $79.00 price objective on shares of DXC Technology Company. in a research note on Friday, August 11th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $86.00 price objective on shares of DXC Technology Company. in a research note on Thursday, August 10th. Three investment 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’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $96.38.

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DXC Technology Company. (NYSE:DXC) traded up 1.08% during mid-day trading on Friday, reaching $91.91. 968,820 shares of the company were exchanged. The stock has a market capitalization of $26.17 billion, a price-to-earnings ratio of 289.94 and a beta of 1.04. DXC Technology Company. has a 12-month low of $51.68 and a 12-month high of $93.40. The company’s 50 day moving average price is $87.10 and its 200-day moving average price is $80.92.

DXC Technology Company. (NYSE:DXC) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.34. DXC Technology Company. had a net margin of 0.49% and a return on equity of 17.51%. The company had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.95 billion. On average, equities research analysts forecast that DXC Technology Company. will post $6.83 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 11th. Shareholders of record on Wednesday, September 6th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Friday, September 1st. DXC Technology Company.’s payout ratio is currently -378.95%.

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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