DXC Technology (NYSE:DXC) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd cut its stake in shares of DXC Technology (NYSE:DXC - Free Report) by 82.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,010 shares of the company's stock after selling 47,671 shares during the period. Quadrature Capital Ltd's holdings in DXC Technology were worth $208,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. William B. Walkup & Associates Inc. purchased a new stake in DXC Technology in the 2nd quarter worth $26,000. Family Firm Inc. purchased a new stake in shares of DXC Technology during the second quarter worth about $37,000. Fifth Third Bancorp raised its stake in DXC Technology by 40.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,954 shares of the company's stock valued at $37,000 after purchasing an additional 559 shares during the period. Matrix Trust Co purchased a new position in DXC Technology in the 3rd quarter worth approximately $43,000. Finally, Prospera Private Wealth LLC bought a new position in DXC Technology in the 3rd quarter worth approximately $49,000. 96.20% of the stock is owned by institutional investors.

Insider Activity at DXC Technology

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of the business'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 transaction of $53,425.00. Following the completion of the transaction, the senior vice president now owns 83,746 shares in the company, valued at $1,789,652.02. The trade was a 2.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.54% of the company's stock.

DXC Technology Trading Up 0.7 %

Shares of DXC stock traded up $0.15 on Thursday, hitting $21.71. 1,101,009 shares of the stock traded hands, compared to its average volume of 2,039,161. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. DXC Technology has a twelve month low of $14.78 and a twelve month high of $25.14. The firm's 50-day moving average price is $21.24 and its two-hundred day moving average price is $19.93. The stock has a market capitalization of $3.93 billion, a PE ratio of 271.38, a PEG ratio of 1.44 and a beta of 1.65.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.93 EPS 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 analyst estimates of $3.21 billion. During the same quarter in the prior year, the company posted $0.70 EPS. As a group, analysts anticipate that DXC Technology will post 3.18 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DXC. Susquehanna boosted their target price on DXC Technology from $19.00 to $23.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. BMO Capital Markets increased their target price on DXC Technology from $22.00 to $25.00 and gave the company a "market perform" rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their price target on shares of DXC Technology from $19.00 to $22.00 and gave the stock 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 MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $20.89.

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).