Corient Private Wealth LLC Acquires New Holdings in DXC Technology Company. $DXC

Corient Private Wealth LLC bought a new position in DXC Technology Company. (NYSE:DXC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 44,003 shares of the company’s stock, valued at approximately $673,000.

A number of other hedge funds have also added to or reduced their stakes in DXC. American Century Companies Inc. lifted its holdings in shares of DXC Technology by 7.6% during the 2nd quarter. American Century Companies Inc. now owns 6,995,343 shares of the company’s stock valued at $106,959,000 after buying an additional 491,668 shares during the period. State Street Corp grew its holdings in shares of DXC Technology by 2.1% in the second quarter. State Street Corp now owns 6,381,982 shares of the company’s stock worth $97,581,000 after acquiring an additional 128,916 shares during the period. AQR Capital Management LLC increased its position in DXC Technology by 97.0% during the second quarter. AQR Capital Management LLC now owns 3,933,973 shares of the company’s stock valued at $60,150,000 after acquiring an additional 1,936,726 shares during the last quarter. Millennium Management LLC increased its position in DXC Technology by 1,765.9% during the first quarter. Millennium Management LLC now owns 1,652,331 shares of the company’s stock valued at $28,172,000 after acquiring an additional 1,563,775 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in DXC Technology by 29.6% in the second quarter. First Trust Advisors LP now owns 1,526,677 shares of the company’s stock valued at $23,343,000 after acquiring an additional 348,264 shares during the period. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wall Street Zen upgraded DXC Technology from a “hold” rating to a “buy” rating in a research note on Sunday, November 9th. Stifel Nicolaus dropped their price objective on shares of DXC Technology from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Friday, October 31st. Susquehanna set a $14.00 target price on shares of DXC Technology and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of DXC Technology in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $15.00.

DXC Technology Trading Down 0.0%

Shares of NYSE:DXC opened at $15.10 on Friday. The stock has a 50 day moving average of $13.81 and a 200 day moving average of $14.10. The company has a market cap of $2.63 billion, a PE ratio of 7.44 and a beta of 1.09. DXC Technology Company. has a 12-month low of $11.82 and a 12-month high of $23.75. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.71.

DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Friday, October 31st. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.17 billion. DXC Technology had a net margin of 2.93% and a return on equity of 17.83%. The company’s revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. As a group, equities research analysts expect that DXC Technology Company. will post 3.35 EPS for the current year.

Insiders Place Their Bets

In related news, SVP Christopher Anthony Voci sold 2,500 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $15.15, for a total value of $37,875.00. Following the completion of the transaction, the senior vice president owned 88,605 shares of the company’s stock, valued at approximately $1,342,365.75. This represents a 2.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.61% of the company’s stock.

About DXC Technology

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.