Jacobs Levy Equity Management Inc. lessened its stake in DXC Technology (NYSE:DXC - Free Report) by 54.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 717,962 shares of the company's stock after selling 860,571 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.40% of DXC Technology worth $14,898,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. Fifth Third Bancorp lifted its holdings in shares of DXC Technology by 40.1% in the second quarter. Fifth Third Bancorp now owns 1,954 shares of the company's stock valued at $37,000 after purchasing an additional 559 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of DXC Technology by 55.0% in the second quarter. Mather Group LLC. now owns 1,637 shares of the company's stock valued at $35,000 after purchasing an additional 581 shares in the last quarter. United Services Automobile Association increased its position in shares of DXC Technology by 5.0% during the second quarter. United Services Automobile Association now owns 14,333 shares of the company's stock valued at $274,000 after acquiring an additional 679 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in DXC Technology by 3.9% during the second quarter. SummerHaven Investment Management LLC now owns 26,573 shares of the company's stock worth $507,000 after acquiring an additional 995 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in DXC Technology by 48.7% during the third quarter. GAMMA Investing LLC now owns 3,425 shares of the company's stock worth $71,000 after acquiring an additional 1,122 shares during the period. Institutional investors own 96.20% of the company's stock.
Insider Activity at DXC Technology
In related news, SVP Christopher Anthony Voci sold 2,500 shares of the business's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $21.37, for a total transaction of $53,425.00. Following the completion of the transaction, the senior vice president now directly owns 83,746 shares in the company, valued at $1,789,652.02. The trade was a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.
DXC Technology Stock Performance
Shares of DXC traded down $0.47 during mid-day trading on Thursday, hitting $22.03. The stock had a trading volume of 610,104 shares, compared to its average volume of 2,063,391. The firm has a market cap of $3.99 billion, a P/E ratio of 275.41, a PEG ratio of 1.44 and a beta of 1.65. The business has a fifty day moving average price of $21.06 and a 200-day moving average price of $19.71. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. DXC Technology has a 52 week low of $14.78 and a 52 week high of $25.14.
DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.21. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.21 billion. During the same period in the previous year, the company posted $0.70 EPS. On average, equities research analysts expect that DXC Technology will post 3.18 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on DXC Technology from $19.00 to $22.00 and gave the stock an "underweight" rating in a report on Friday, September 6th. BMO Capital Markets lifted their price target on DXC Technology from $22.00 to $25.00 and gave the stock a "market perform" rating in a report on Monday, November 11th. Susquehanna lifted their price target on DXC Technology from $19.00 to $23.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Finally, Royal Bank of Canada lifted their price target on DXC Technology from $18.00 to $20.00 and gave the stock a "sector perform" rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $20.89.
Read Our Latest Stock Analysis on DXC
DXC Technology Profile
(
Free Report)
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).
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