XTX Topco Ltd Raises Stock Holdings in DXC Technology (NYSE:DXC)

XTX Topco Ltd grew its holdings in shares of DXC Technology (NYSE:DXC - Free Report) by 294.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,686 shares of the company's stock after acquiring an additional 40,085 shares during the quarter. XTX Topco Ltd's holdings in DXC Technology were worth $1,114,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of DXC. SG Americas Securities LLC lifted its position in DXC Technology by 156.0% in the 2nd quarter. SG Americas Securities LLC now owns 17,232 shares of the company's stock worth $329,000 after buying an additional 10,502 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its position in DXC Technology by 36.0% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 42,819 shares of the company's stock worth $817,000 after buying an additional 11,335 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in DXC Technology by 18.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 112,861 shares of the company's stock worth $2,155,000 after buying an additional 17,781 shares during the last quarter. Gladius Capital Management LP bought a new stake in DXC Technology in the 2nd quarter worth approximately $750,000. Finally, Raymond James & Associates lifted its position in DXC Technology by 52.6% in the 2nd quarter. Raymond James & Associates now owns 118,276 shares of the company's stock worth $2,258,000 after buying an additional 40,751 shares during the last quarter. Institutional investors own 96.20% of the company's stock.

Wall Street Analysts Forecast Growth

DXC has been the subject of a number of recent research reports. 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 boosted their target price on DXC Technology from $22.00 to $25.00 and gave the stock a "market perform" rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their target price on 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 given a hold rating to the company's stock. According to MarketBeat, DXC Technology currently has an average rating of "Hold" and a consensus target price of $20.89.

Insider Activity

In related news, SVP Christopher Anthony Voci sold 2,500 shares of the company's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $21.37, for a total value of $53,425.00. Following the sale, the senior vice president now directly owns 83,746 shares of the company's stock, valued at $1,789,652.02. This represents a 2.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.54% of the company's stock.

DXC Technology Trading Down 1.9 %

DXC Technology stock traded down $0.43 during trading hours on Tuesday, reaching $21.85. The company had a trading volume of 626,942 shares, compared to its average volume of 2,048,356. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. DXC Technology has a 12-month low of $14.78 and a 12-month high of $25.14. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 273.16, a P/E/G ratio of 1.44 and a beta of 1.65. The company has a 50-day moving average price of $21.19 and a 200 day moving average price of $19.90.

DXC Technology (NYSE:DXC - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.93 earnings per share (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 firm had revenue of $3.24 billion for the quarter, compared to analysts' expectations of $3.21 billion. During the same period in the previous year, the firm earned $0.70 earnings per share. Equities analysts forecast that DXC Technology will post 3.18 earnings per share 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).