NINE MASTS CAPITAL Ltd Invests $1.78 Million in DXC Technology (NYSE:DXC)

NINE MASTS CAPITAL Ltd acquired a new position in DXC Technology (NYSE:DXC - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 93,020 shares of the company's stock, valued at approximately $1,776,000. NINE MASTS CAPITAL Ltd owned 0.05% of DXC Technology at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Glenview Capital Management LLC increased its stake in DXC Technology by 33.6% in the 4th quarter. Glenview Capital Management LLC now owns 13,006,623 shares of the company's stock worth $297,461,000 after purchasing an additional 3,272,212 shares during the period. Dimensional Fund Advisors LP raised its holdings in DXC Technology by 19.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,468,575 shares of the company's stock valued at $193,679,000 after buying an additional 1,386,314 shares during the last quarter. FIL Ltd boosted its position in DXC Technology by 4.2% during the 4th quarter. FIL Ltd now owns 6,598,101 shares of the company's stock valued at $150,899,000 after buying an additional 267,480 shares during the period. American Century Companies Inc. grew its holdings in DXC Technology by 20.8% in the 2nd quarter. American Century Companies Inc. now owns 3,991,295 shares of the company's stock worth $76,194,000 after acquiring an additional 687,522 shares during the last quarter. Finally, LSV Asset Management increased its position in shares of DXC Technology by 0.8% in the second quarter. LSV Asset Management now owns 3,436,128 shares of the company's stock valued at $65,596,000 after acquiring an additional 26,186 shares during the period. Institutional investors own 96.20% of the company's stock.

DXC Technology Stock Performance

NYSE DXC traded down $0.04 during trading hours on Thursday, hitting $20.76. The company's stock had a trading volume of 725,661 shares, compared to its average volume of 2,317,349. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market cap of $3.74 billion, a P/E ratio of 56.24, a price-to-earnings-growth ratio of 1.82 and a beta of 1.67. The company's 50 day simple moving average is $19.73 and its two-hundred day simple moving average is $19.46. DXC Technology has a 12 month low of $14.78 and a 12 month high of $25.14.

DXC Technology (NYSE:DXC - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.17. DXC Technology had a net margin of 0.60% and a return on equity of 19.20%. The firm had revenue of $3.24 billion during the quarter, compared to analysts' expectations of $3.14 billion. As a group, sell-side analysts expect that DXC Technology will post 2.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Susquehanna upped their price target on DXC Technology from $15.00 to $19.00 and gave the company a "neutral" rating in a research report on Wednesday, June 12th. Stifel Nicolaus decreased their target price on DXC Technology from $21.00 to $19.00 and set a "hold" rating for the company in a report on Friday, May 17th. JPMorgan Chase & Co. lifted their price target on shares of DXC Technology from $19.00 to $22.00 and gave the company an "underweight" rating in a report on Friday, September 6th. Royal Bank of Canada boosted 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 report on Friday, August 9th. Finally, Morgan Stanley dropped their target price on shares of DXC Technology from $21.00 to $18.00 and set an "equal weight" rating for the company in a research report on Friday, May 17th. Three research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $20.30.

Insider Buying and Selling

In other news, EVP Mary E. Finch sold 31,047 shares of the company's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $19.36, for a total transaction of $601,069.92. Following the completion of the sale, the executive vice president now owns 325,665 shares of the company's stock, valued at approximately $6,304,874.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

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).