Investment Management Associates Inc. ADV Trims Stock Holdings in DXC Technology (NYSE:DXC)

Investment Management Associates Inc. ADV decreased its stake in DXC Technology (NYSE:DXC - Free Report) by 6.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 535,652 shares of the company's stock after selling 36,120 shares during the period. DXC Technology makes up 4.3% of Investment Management Associates Inc. ADV's investment portfolio, making the stock its 11th largest holding. Investment Management Associates Inc. ADV owned 0.30% of DXC Technology worth $11,115,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of DXC. Fifth Third Bancorp lifted its stake in DXC Technology by 40.1% during the second quarter. Fifth Third Bancorp now owns 1,954 shares of the company's stock valued at $37,000 after buying an additional 559 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of DXC Technology by 55.0% during the second quarter. Mather Group LLC. now owns 1,637 shares of the company's stock valued at $35,000 after acquiring an additional 581 shares during the period. United Services Automobile Association increased its stake in shares of DXC Technology by 5.0% in the second quarter. United Services Automobile Association now owns 14,333 shares of the company's stock valued at $274,000 after buying an additional 679 shares in the last quarter. Covestor Ltd increased its position in DXC Technology by 2.5% in the first quarter. Covestor Ltd now owns 33,110 shares of the company's stock worth $702,000 after purchasing an additional 820 shares during the period. Finally, SummerHaven Investment Management LLC grew its position in shares of DXC Technology by 3.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 26,573 shares of the company's stock worth $507,000 after buying an additional 995 shares during the period. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DXC. Susquehanna upped their price objective on DXC Technology from $19.00 to $23.00 and gave the stock a "neutral" rating in a research note on Friday. Royal Bank of Canada increased their price target on DXC Technology from $18.00 to $20.00 and gave the company a "sector perform" rating in a research note on Friday, August 9th. BMO Capital Markets raised their target price on DXC Technology from $22.00 to $25.00 and gave the stock a "market perform" rating in a research note on Monday. Finally, JPMorgan Chase & Co. lifted their target price on DXC Technology from $19.00 to $22.00 and gave the company an "underweight" rating in a research report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $20.89.

Insider Transactions at DXC Technology

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the 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 completion of the transaction, the senior vice president now owns 83,746 shares in the company, valued at approximately $1,789,652.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.54% of the stock is owned by corporate insiders.

DXC Technology Price Performance

Shares of DXC stock traded up $0.06 during trading hours on Tuesday, hitting $22.83. The company's stock had a trading volume of 1,510,412 shares, compared to its average volume of 2,140,101. DXC Technology has a twelve month low of $14.78 and a twelve month high of $25.14. The business has a fifty day moving average of $20.72 and a 200-day moving average of $19.41. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 284.66, a P/E/G ratio of 1.89 and a beta of 1.67. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.21.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.21. DXC Technology had a net margin of 0.18% and a return on equity of 20.51%. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.21 billion. During the same period last year, the business earned $0.70 EPS. As a group, equities research analysts anticipate that DXC Technology will post 2.9 EPS for the current year.

DXC Technology 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).