Royce & Associates LP boosted its stake in DXC Technology (NYSE:DXC - Free Report) by 124.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,971 shares of the company's stock after buying an additional 51,041 shares during the quarter. Royce & Associates LP owned approximately 0.05% of DXC Technology worth $1,908,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the stock. Fifth Third Bancorp raised its position in DXC Technology by 40.1% in 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 last quarter. Mather Group LLC. increased its stake in shares of DXC Technology by 55.0% in the second quarter. Mather Group LLC. now owns 1,637 shares of the company's stock valued at $35,000 after buying an additional 581 shares in the last quarter. United Services Automobile Association raised its holdings 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 during the last quarter. SummerHaven Investment Management LLC lifted its position in 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 in the last quarter. Finally, GAMMA Investing LLC grew its holdings in DXC Technology by 48.7% during the 3rd quarter. GAMMA Investing LLC now owns 3,425 shares of the company's stock worth $71,000 after acquiring an additional 1,122 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors.
Insider Buying and Selling at DXC Technology
In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction dated Friday, September 13th. The stock was 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 approximately $1,789,652.02. The trade was a 2.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.54% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Royal Bank of Canada raised 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. BMO Capital Markets lifted their target price on DXC Technology from $22.00 to $25.00 and gave the company a "market perform" rating in a research note on Monday, November 11th. JPMorgan Chase & Co. raised their price target on DXC Technology from $19.00 to $22.00 and gave the company an "underweight" rating in a report on Friday, September 6th. Finally, Susquehanna boosted their price objective on DXC Technology from $19.00 to $23.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, DXC Technology presently has an average rating of "Hold" and an average target price of $20.89.
Read Our Latest Analysis on DXC
DXC Technology Price Performance
Shares of DXC traded up $0.54 during trading hours on Wednesday, hitting $20.13. 209,797 shares of the company were exchanged, compared to its average volume of 2,110,376. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. DXC Technology has a fifty-two week low of $14.78 and a fifty-two week high of $25.14. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 244.91, a P/E/G ratio of 1.35 and a beta of 1.67. The firm's fifty day moving average is $20.77 and its 200 day moving average is $19.48.
DXC Technology (NYSE:DXC - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.21. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.21 billion. During the same quarter last year, the business posted $0.70 earnings per share. On average, equities analysts anticipate that DXC Technology will post 3.18 earnings per share for the current fiscal year.
About DXC Technology
(
Free Report)
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).
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