BKD Wealth Advisors LLC Buys Shares of 5,992 DXC Technology Company. (NYSE:DXC)

BKD Wealth Advisors LLC bought a new position 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 fund bought 5,992 shares of the company’s stock, valued at approximately $460,000.

Several other institutional investors have also modified their holdings of DXC. Fox Run Management L.L.C. increased its position in shares of DXC Technology Company. by 15.5% in the second quarter. Fox Run Management L.L.C. now owns 4,000 shares of the company’s stock worth $307,000 after buying an additional 537 shares in the last quarter. First Command Bank acquired a new position in shares of DXC Technology Company. during the second quarter worth approximately $380,000. Xact Kapitalforvaltning AB acquired a new position in shares of DXC Technology Company. during the second quarter worth approximately $3,240,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of DXC Technology Company. during the second quarter worth approximately $685,000. Finally, DnB Asset Management AS acquired a new position in shares of DXC Technology Company. during the second quarter worth approximately $5,506,000. 49.53% of the stock is currently owned by institutional investors and hedge funds.

DXC Technology Company. (NYSE DXC) traded up 0.544% during midday trading on Monday, reaching $77.881. 679,481 shares of the company traded hands. DXC Technology Company. has a 12 month low of $64.06 and a 12 month high of $80.83. The firm has a 50 day moving average of $77.52 and a 200-day moving average of $70.43. The stock’s market capitalization is $22.17 billion.

DXC Technology Company. (NYSE:DXC) last issued its quarterly earnings data on Thursday, May 25th. The company reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.32. DXC Technology Company. had a negative net margin of 1.62% and a positive return on equity of 19.87%. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Analysts forecast that DXC Technology Company. will post $6.78 EPS for the current fiscal year.

The business also recently announced a special dividend, which will be paid on Tuesday, July 11th. Investors of record on Tuesday, June 13th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, June 9th. DXC Technology Company.’s payout ratio is currently -67.42%.

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A number of brokerages have recently commented on DXC. Royal Bank of Canada reissued a “buy” rating and issued a $87.00 target price on shares of DXC Technology Company. in a research note on Friday. Morgan Stanley raised shares of DXC Technology Company. from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $68.00 to $85.00 in a research note on Tuesday, July 4th. Zacks Investment Research downgraded shares of DXC Technology Company. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Stifel Nicolaus began coverage on shares of DXC Technology Company. in a research note on Tuesday, May 30th. They issued a “hold” rating and a $86.00 target price on the stock. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $75.00 target price on shares of DXC Technology Company. in a research note on Friday, May 26th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. DXC Technology Company. has an average rating of “Buy” and a consensus target price of $86.67.

In related news, EVP Stephen Hilton sold 5,052 shares of the company’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $74.82, for a total transaction of $377,990.64. Following the completion of the transaction, the executive vice president now directly owns 2,574 shares in the company, valued at approximately $192,586.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Margaret C. Whitman sold 8,600 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $77.18, for a total transaction of $663,748.00. Following the transaction, the director now owns 111,229 shares of the company’s stock, valued at $8,584,654.22. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

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

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