SG Americas Securities LLC Invests $806,000 in DXC Technology Company. $DXC

SG Americas Securities LLC bought a new position in DXC Technology Company. (NYSE:DXC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 59,162 shares of the company’s stock, valued at approximately $806,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in shares of DXC Technology by 240.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock valued at $27,000 after acquiring an additional 1,227 shares during the period. Headlands Technologies LLC bought a new position in DXC Technology during the second quarter worth $39,000. Signaturefd LLC raised its stake in DXC Technology by 187.3% during the 2nd quarter. Signaturefd LLC now owns 3,054 shares of the company’s stock valued at $47,000 after purchasing an additional 1,991 shares during the last quarter. Allworth Financial LP boosted its holdings in DXC Technology by 68.9% in the 2nd quarter. Allworth Financial LP now owns 3,330 shares of the company’s stock valued at $51,000 after purchasing an additional 1,359 shares during the period. Finally, Newbridge Financial Services Group Inc. grew its position in DXC Technology by 143.3% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 4,075 shares of the company’s stock worth $62,000 after purchasing an additional 2,400 shares during the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DXC shares. Wall Street Zen upgraded DXC Technology from a “hold” rating to a “buy” rating in a research report 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 for the company in a research note 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. Wolfe Research cut shares of DXC Technology from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, January 8th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of DXC Technology in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $15.00.

Insider Activity

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $15.15, for a total value of $37,875.00. Following the sale, the senior vice president owned 88,605 shares of the company’s stock, valued at $1,342,365.75. This trade represents a 2.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.61% of the stock is owned by corporate insiders.

DXC Technology Stock Performance

DXC stock opened at $14.52 on Wednesday. The company has a 50 day moving average price of $14.27 and a 200 day moving average price of $14.02. DXC Technology Company. has a fifty-two week low of $11.82 and a fifty-two week high of $23.75. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $2.53 billion, a PE ratio of 7.15 and a beta of 1.04.

DXC Technology (NYSE:DXC) last issued its earnings results on Friday, October 31st. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.13. DXC Technology had a net margin of 2.93% and a return on equity of 17.83%. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter last year, the firm earned $0.93 EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. Analysts forecast that DXC Technology Company. will post 3.35 EPS for the current year.

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.