TIAA CREF Investment Management LLC Takes Position in DXC Technology Company. (DXC)

TIAA CREF Investment Management LLC acquired a new position in shares of DXC Technology Company. (NYSE:DXC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,686,635 shares of the company’s stock, valued at approximately $359,559,000. TIAA CREF Investment Management LLC owned about 3.32% of DXC Technology Company. as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Boston Partners bought a new stake in shares of DXC Technology Company. during the 2nd quarter worth $932,573,000. Franklin Resources Inc. bought a new stake in shares of DXC Technology Company. during the 2nd quarter worth $514,971,000. Bank of New York Mellon Corp lifted its holdings in shares of DXC Technology Company. by 66,828.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,494,414 shares of the company’s stock worth $191,371,000 after acquiring an additional 2,490,687 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of DXC Technology Company. during the 2nd quarter worth $190,008,000. Finally, Geode Capital Management LLC bought a new stake in shares of DXC Technology Company. during the 1st quarter worth $89,787,000. 85.05% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on the stock. Bank of America Corporation assumed coverage on shares of DXC Technology Company. in a report on Tuesday. They set a “buy” rating and a $101.00 price objective for the company. Jefferies Group LLC lifted their price objective on shares of 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 price objective on shares of DXC Technology Company. in a report on Friday. Stifel Nicolaus reaffirmed a “hold” rating and set a $86.00 price objective on shares of DXC Technology Company. in a report on Thursday, August 10th. Finally, TheStreet raised shares of DXC Technology Company. from a “c” rating to a “b” rating in a report on Tuesday, August 8th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. DXC Technology Company. currently has an average rating of “Buy” and a consensus price target of $89.14.

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In other news, CFO Paul N. Saleh sold 59,824 shares of the stock in a transaction on Monday, July 17th. The shares were sold at an average price of $78.08, for a total value of $4,671,057.92. Following the sale, the chief financial officer now owns 196,113 shares of the company’s stock, valued at $15,312,503.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Stephen Hilton sold 5,052 shares of the 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 sale, the executive vice president now directly owns 2,574 shares in the company, valued at approximately $192,586.68. The disclosure for this sale can be found here. Insiders have sold 364,718 shares of company stock valued at $29,469,529 in the last quarter. 1.30% of the stock is owned by company insiders.

Shares of DXC Technology Company. (NYSE:DXC) traded up 0.83% during trading on Tuesday, reaching $85.96. 1,282,922 shares of the company were exchanged. The stock’s 50 day moving average is $82.35 and its 200 day moving average is $76.71. DXC Technology Company. has a 1-year low of $45.55 and a 1-year high of $86.29. The company has a market capitalization of $24.47 billion, a price-to-earnings ratio of 271.17 and a beta of 1.03.

DXC Technology Company. (NYSE:DXC) last released its quarterly earnings data on Tuesday, August 8th. The company reported $1.59 EPS for the quarter, beating 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 business had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.95 billion. Equities analysts anticipate that DXC Technology Company. will post $6.81 earnings per share for the current year.

The firm also recently disclosed 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. The ex-dividend date is Friday, September 1st. This represents a $0.72 annualized dividend and a yield of 0.84%. DXC Technology Company.’s dividend payout ratio (DPR) is currently -378.95%.

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.

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

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