Benjamin Edwards Inc. Invests $664,000 in DXC Technology (NYSE:DXC)

Benjamin Edwards Inc. bought a new position in shares of DXC Technology (NYSE:DXC - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,002 shares of the company's stock, valued at approximately $664,000.

A number of other hedge funds have also recently added to or reduced their stakes in DXC. Millennium Management LLC grew its stake in shares of DXC Technology by 352.6% during the 2nd quarter. Millennium Management LLC now owns 625,197 shares of the company's stock valued at $11,935,000 after buying an additional 487,072 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in DXC Technology during the second quarter valued at about $3,483,000. Dynamic Technology Lab Private Ltd purchased a new stake in DXC Technology during the third quarter valued at about $1,904,000. Royce & Associates LP increased its stake in DXC Technology by 124.7% during the third quarter. Royce & Associates LP now owns 91,971 shares of the company's stock worth $1,908,000 after acquiring an additional 51,041 shares during the last quarter. Finally, Paragon Capital Management Inc. purchased a new position in shares of DXC Technology in the 2nd quarter worth about $2,141,000. 96.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the company's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $21.37, for a total value of $53,425.00. Following the sale, the senior vice president now owns 83,746 shares in the company, valued at approximately $1,789,652.02. This represents a 2.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DXC. BMO Capital Markets boosted their target price on DXC Technology from $22.00 to $25.00 and gave the stock a "market perform" rating in a report on Monday, November 11th. JPMorgan Chase & Co. raised their target price on shares of DXC Technology from $19.00 to $22.00 and gave the company an "underweight" rating in a research note on Friday, September 6th. Finally, Susquehanna upped their price target on shares of DXC Technology from $19.00 to $23.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $20.89.

DXC Technology Stock Up 0.8 %

DXC Technology stock traded up $0.18 during midday trading on Friday, hitting $22.19. 713,287 shares of the stock were exchanged, compared to its average volume of 1,407,142. DXC Technology has a 1 year low of $14.78 and a 1 year high of $25.14. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $4.02 billion, a P/E ratio of 277.38, a P/E/G ratio of 1.46 and a beta of 1.65. The company has a 50 day moving average price of $21.12 and a two-hundred day moving average price of $19.79.

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, topping analysts' consensus estimates of $0.72 by $0.21. The business had revenue of $3.24 billion for 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 in the previous year, the company earned $0.70 earnings per share. On average, sell-side analysts predict that DXC Technology will post 3.18 earnings per share for the current fiscal year.

About DXC Technology

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).