Dynamic Technology Lab Private Ltd Makes New $1.90 Million Investment in DXC Technology (NYSE:DXC)

Dynamic Technology Lab Private Ltd bought a new stake in shares of DXC Technology (NYSE:DXC - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 91,755 shares of the company's stock, valued at approximately $1,904,000. Dynamic Technology Lab Private Ltd owned approximately 0.05% of DXC Technology as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Algert Global LLC raised its holdings in shares of DXC Technology by 283.5% in the 3rd quarter. Algert Global LLC now owns 70,610 shares of the company's stock valued at $1,465,000 after purchasing an additional 52,200 shares in the last quarter. Cerity Partners LLC increased its holdings in DXC Technology by 109.7% during the third quarter. Cerity Partners LLC now owns 38,752 shares of the company's stock valued at $804,000 after buying an additional 20,269 shares during the period. Pacer Advisors Inc. raised its stake in DXC Technology by 4.7% in the third quarter. Pacer Advisors Inc. now owns 20,140,488 shares of the company's stock worth $417,915,000 after buying an additional 899,510 shares in the last quarter. Moran Wealth Management LLC purchased a new stake in DXC Technology during the third quarter worth $2,414,000. Finally, Prospera Private Wealth LLC bought a new stake in DXC Technology during the 3rd quarter valued at $49,000. 96.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

DXC Technology Stock Performance

Shares of NYSE:DXC traded down $0.07 on Tuesday, hitting $22.53. 642,095 shares of the company were exchanged, compared to its average volume of 2,100,741. The firm has a market capitalization of $4.08 billion, a P/E ratio of 282.04, a price-to-earnings-growth ratio of 1.44 and a beta of 1.67. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. DXC Technology has a 1-year low of $14.78 and a 1-year high of $25.14. The stock's 50 day moving average price is $20.84 and its 200 day moving average price is $19.55.

DXC Technology (NYSE:DXC - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.21. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. The business had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.21 billion. During the same quarter in the previous year, the business earned $0.70 EPS. Sell-side analysts predict that DXC Technology will post 3.18 EPS for the current year.

Insider Buying and Selling

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of the company's stock in a transaction on 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 directly owns 83,746 shares of the company's stock, valued at approximately $1,789,652.02. This represents a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by corporate insiders.

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).