Zurich Insurance Group Ltd FI acquired a new stake in DXC Technology Company. (NYSE:DXC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,736 shares of the company’s stock, valued at approximately $2,972,000.

Other hedge funds have also recently made changes to their positions in the company. Hanson McClain Inc. acquired a new stake in DXC Technology Company. during the second quarter worth about $105,000. Pinebridge Investments L.P. acquired a new stake in DXC Technology Company. during the second quarter worth about $106,000. Cribstone Capital Management LLC grew its holdings in DXC Technology Company. by 4.7% during the second quarter. Cribstone Capital Management LLC now owns 1,408 shares of the company’s stock worth $108,000 after acquiring an additional 63 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in DXC Technology Company. during the second quarter worth about $109,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in DXC Technology Company. during the second quarter worth about $128,000. 85.04% of the stock is currently owned by institutional investors and hedge funds.

In other DXC Technology Company. news, CFO Paul N. Saleh sold 80,922 shares of the business’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 transaction of $6,798,257.22. Following the transaction, the chief financial officer now owns 217,211 shares in the company, valued at approximately $18,247,896.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul N. Saleh sold 59,824 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $78.08, for a total value of $4,671,057.92. Following the transaction, the chief financial officer now owns 196,113 shares in the company, valued at approximately $15,312,503.04. The disclosure for this sale can be found here. Insiders have sold a total of 359,666 shares of company stock worth $29,091,539 in the last quarter. 1.30% of the stock is currently owned by insiders.

Shares of DXC Technology Company. (NYSE:DXC) opened at 85.61 on Thursday. The firm has a market capitalization of $24.37 billion, a price-to-earnings ratio of 270.06 and a beta of 1.04. DXC Technology Company. has a one year low of $50.41 and a one year high of $86.75. The firm has a 50-day moving average price of $84.83 and a 200 day moving average price of $78.69.

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 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. Equities analysts forecast that DXC Technology Company. will post $6.82 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Wednesday, September 6th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.84%. The ex-dividend date is Friday, September 1st. DXC Technology Company.’s payout ratio is -378.95%.

Several research firms recently commented on DXC. BMO Capital Markets raised their target price on DXC Technology Company. from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, September 15th. Bank of America Corporation began coverage on DXC Technology Company. in a report on Tuesday, September 12th. They set a “buy” rating and a $101.00 target price on the stock. Jefferies Group LLC raised their target price on DXC Technology Company. from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, August 24th. KeyCorp reaffirmed a “buy” rating and set a $92.00 target price on shares of DXC Technology Company. in a report on Friday, September 8th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $77.00 target price on shares of DXC Technology Company. in a report on Thursday, August 10th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $89.77.

WARNING: “Zurich Insurance Group Ltd FI Takes Position in DXC Technology Company. (DXC)” was reported by Marea Informative and is the sole property of of Marea Informative. If you are accessing this article on another website, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this article can be viewed at http://www.mareainformativa.com/zurich-insurance-group-ltd-fi-takes-position-in-dxc-technology-company-dxc/117576/.

DXC Technology 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)

Receive News & Stock Ratings for DXC Technology Company. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DXC Technology Company. and related stocks with our FREE daily email newsletter.