Algert Global LLC Increases Stock Holdings in DXC Technology (NYSE:DXC)

Algert Global LLC grew its holdings in shares of DXC Technology (NYSE:DXC - Free Report) by 283.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 70,610 shares of the company's stock after buying an additional 52,200 shares during the period. Algert Global LLC's holdings in DXC Technology were worth $1,465,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Fifth Third Bancorp raised its stake in DXC Technology by 40.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,954 shares of the company's stock worth $37,000 after buying an additional 559 shares during the period. Mather Group LLC. lifted its holdings in shares of DXC Technology by 55.0% in the 2nd quarter. Mather Group LLC. now owns 1,637 shares of the company's stock worth $35,000 after purchasing an additional 581 shares in the last quarter. United Services Automobile Association lifted its holdings in shares of DXC Technology by 5.0% in the 2nd quarter. United Services Automobile Association now owns 14,333 shares of the company's stock worth $274,000 after purchasing an additional 679 shares in the last quarter. SummerHaven Investment Management LLC grew its position in DXC Technology by 3.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 26,573 shares of the company's stock valued at $507,000 after purchasing an additional 995 shares during the period. Finally, GAMMA Investing LLC increased its stake in DXC Technology by 48.7% during the 3rd quarter. GAMMA Investing LLC now owns 3,425 shares of the company's stock valued at $71,000 after purchasing an additional 1,122 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company's stock.

Insider Buying and Selling at DXC Technology

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the company's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $21.37, for a total transaction of $53,425.00. Following the transaction, the senior vice president now owns 83,746 shares of the company's stock, valued at $1,789,652.02. This represents a 2.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

DXC has been the topic of a number of recent research reports. Royal Bank of Canada raised their price objective on shares of DXC Technology from $18.00 to $20.00 and gave the company a "sector perform" rating in a research note on Friday, August 9th. Susquehanna raised their price target on shares of DXC Technology from $19.00 to $23.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. BMO Capital Markets boosted their price objective on DXC Technology from $22.00 to $25.00 and gave the stock a "market perform" rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. increased their price objective on DXC Technology from $19.00 to $22.00 and gave the stock an "underweight" rating in a research note on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $20.89.

DXC Technology Stock Performance

DXC Technology stock traded up $0.11 during mid-day trading on Friday, reaching $22.49. 502,864 shares of the company's stock were exchanged, compared to its average volume of 2,087,726. The business's fifty day simple moving average is $20.92 and its 200 day simple moving average is $19.61. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. DXC Technology has a one year low of $14.78 and a one year high of $25.14. The firm has a market capitalization of $4.07 billion, a PE ratio of 281.16, a P/E/G ratio of 1.45 and a beta of 1.67.

DXC Technology (NYSE:DXC - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.21. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.21 billion. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. During the same period last year, the firm posted $0.70 EPS. On average, sell-side analysts expect that DXC Technology will post 3.18 earnings per share for the current year.

DXC Technology Company Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).