Acadian Asset Management LLC Sells 243,932 Shares of DXC Technology (NYSE:DXC)

Acadian Asset Management LLC lowered its holdings in DXC Technology (NYSE:DXC - Free Report) by 91.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,538 shares of the company's stock after selling 243,932 shares during the period. Acadian Asset Management LLC's holdings in DXC Technology were worth $449,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Teacher Retirement System of Texas increased its stake in DXC Technology by 64.7% in the fourth quarter. Teacher Retirement System of Texas now owns 26,989 shares of the company's stock valued at $617,000 after acquiring an additional 10,602 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in DXC Technology during the fourth quarter valued at approximately $283,000. Quadrant Capital Group LLC raised its stake in shares of DXC Technology by 450.1% during the fourth quarter. Quadrant Capital Group LLC now owns 6,618 shares of the company's stock worth $151,000 after acquiring an additional 5,415 shares in the last quarter. Norges Bank bought a new stake in shares of DXC Technology in the 4th quarter worth approximately $14,881,000. Finally, Quest Partners LLC purchased a new stake in shares of DXC Technology in the 4th quarter valued at $104,000. Institutional investors own 96.20% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on DXC shares. BMO Capital Markets lifted their price objective on DXC Technology from $17.50 to $22.00 and gave the stock a "market perform" rating in a report on Friday, August 9th. Susquehanna boosted their price objective on DXC Technology from $15.00 to $19.00 and gave the company a "neutral" rating in a research report on Wednesday, June 12th. JPMorgan Chase & Co. raised their target price on shares of DXC Technology from $19.00 to $22.00 and gave the stock an "underweight" rating in a report on Friday, September 6th. Finally, Royal Bank of Canada upped their price target on shares of DXC Technology from $18.00 to $20.00 and gave the company a "sector perform" rating in a report on Friday, August 9th. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $20.30.

Insider Buying and Selling at DXC Technology

In related news, EVP Mary E. Finch sold 31,047 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $19.36, for a total value of $601,069.92. Following the completion of the transaction, the executive vice president now directly owns 325,665 shares in the company, valued at approximately $6,304,874.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Mary E. Finch sold 31,047 shares of the business's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $19.36, for a total value of $601,069.92. Following the sale, the executive vice president now directly owns 325,665 shares of the company's stock, valued at approximately $6,304,874.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Christopher Anthony Voci sold 2,500 shares of the firm's stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 83,746 shares of the company's stock, valued at approximately $1,789,652.02. The disclosure for this sale can be found here. Insiders own 0.54% of the company's stock.

DXC Technology Trading Up 0.1 %

Shares of NYSE:DXC traded up $0.03 on Thursday, hitting $21.06. The company had a trading volume of 2,431,397 shares, compared to its average volume of 2,287,790. The firm's 50-day simple moving average is $20.00 and its two-hundred day simple moving average is $19.44. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 56.92, a P/E/G ratio of 1.82 and a beta of 1.67. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.21. DXC Technology has a 1 year low of $14.78 and a 1 year high of $25.14.

DXC Technology (NYSE:DXC - Get Free Report) last posted 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 return on equity of 19.20% and a net margin of 0.60%. The business had revenue of $3.24 billion for the quarter, compared to analysts' expectations of $3.14 billion. Equities analysts anticipate that DXC Technology will post 2.89 earnings per share for the current fiscal 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).