Alliancebernstein L.P. Buys Shares of 572,949 DXC Technology Company. (DXC)

Alliancebernstein L.P. bought a new position in DXC Technology Company. (NYSE:DXC) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 572,949 shares of the company’s stock, valued at approximately $43,957,000. Alliancebernstein L.P. owned 0.41% of DXC Technology Company. at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of DXC. Private Advisor Group LLC purchased a new stake in shares of DXC Technology Company. in the 1st quarter worth about $295,000. Neuberger Berman Group LLC purchased a new stake in shares of DXC Technology Company. in the 1st quarter worth about $233,000. Suffolk Capital Management LLC purchased a new stake in shares of DXC Technology Company. in the 1st quarter worth about $14,643,000. Credit Agricole S A purchased a new stake in shares of DXC Technology Company. in the 1st quarter worth about $4,617,000. Finally, Westside Investment Management Inc. purchased a new stake in shares of DXC Technology Company. in the 1st quarter worth about $105,000. 85.05% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently commented on DXC. Cowen and Company reaffirmed a “hold” rating and issued a $77.00 target price on shares of DXC Technology Company. in a research report on Thursday, August 10th. TheStreet raised shares of DXC Technology Company. from a “c” rating to a “b” rating in a research report on Tuesday, August 8th. BMO Capital Markets reissued an “outperform” rating and set a $94.00 price target (up from $92.00) on shares of DXC Technology Company. in a research report on Wednesday, August 9th. Cantor Fitzgerald reissued a “hold” rating and set a $79.00 price target on shares of DXC Technology Company. in a research report on Friday, August 11th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $86.00 price target on shares of DXC Technology Company. in a research report on Thursday, August 10th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $89.57.

DXC Technology Company. (NYSE DXC) opened at 85.07 on Friday. DXC Technology Company. has a 12 month low of $49.12 and a 12 month high of $86.29. The stock has a market capitalization of $24.22 billion, a PE ratio of 268.36 and a beta of 1.03. The company’s 50-day moving average is $83.08 and its 200-day moving average is $77.13.

DXC Technology Company. (NYSE:DXC) last released its quarterly earnings data on Tuesday, August 8th. The company reported $1.59 earnings per share for the quarter, topping the Zacks’ 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 during the quarter, compared to analyst estimates of $5.95 billion. Equities research analysts forecast that DXC Technology Company. will post $6.82 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Wednesday, September 6th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Friday, September 1st. DXC Technology Company.’s dividend payout ratio (DPR) is presently -378.95%.

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In related news, EVP Michael G. Nefkens sold 50,132 shares of the company’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $80.04, for a total value of $4,012,565.28. Following the completion of the sale, the executive vice president now directly owns 9,961 shares of the company’s stock, valued at $797,278.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael G. Nefkens sold 128,328 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $80.03, for a total transaction of $10,270,089.84. Following the completion of the sale, the executive vice president now directly owns 25,447 shares of the company’s stock, valued at $2,036,523.41. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 359,666 shares of company stock valued at $29,091,539. 1.30% of the stock is owned by insiders.

About DXC Technology Company.

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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