DXC Technology Company. $DXC Shares Sold by Andra AP fonden

Andra AP fonden lowered its position in DXC Technology Company. (NYSE:DXC) by 84.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,852 shares of the company’s stock after selling 102,365 shares during the quarter. Andra AP fonden’s holdings in DXC Technology were worth $257,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Counterpoint Mutual Funds LLC acquired a new stake in DXC Technology in the 3rd quarter valued at about $343,000. Trajan Wealth LLC increased its stake in shares of DXC Technology by 13.5% during the 3rd quarter. Trajan Wealth LLC now owns 12,178 shares of the company’s stock worth $166,000 after purchasing an additional 1,448 shares in the last quarter. Villanova Investment Management Co LLC raised its position in shares of DXC Technology by 67.1% during the 3rd quarter. Villanova Investment Management Co LLC now owns 165,712 shares of the company’s stock worth $2,259,000 after purchasing an additional 66,562 shares during the last quarter. Towle & Co. lifted its stake in DXC Technology by 2.5% in the 3rd quarter. Towle & Co. now owns 509,041 shares of the company’s stock valued at $6,938,000 after buying an additional 12,305 shares in the last quarter. Finally, Hillsdale Investment Management Inc. grew its holdings in DXC Technology by 51.5% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 574,800 shares of the company’s stock valued at $7,835,000 after buying an additional 195,400 shares during the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on DXC. Wall Street Zen downgraded DXC Technology from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Zacks Research raised DXC Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Wolfe Research set a $13.00 target price on shares of DXC Technology and gave the company an “underperform” rating in a research note on Friday, January 30th. Finally, BMO Capital Markets raised their price target on shares of DXC Technology from $15.00 to $17.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $14.71.

DXC Technology Stock Performance

NYSE DXC opened at $12.56 on Monday. The business’s 50-day moving average price is $14.28 and its 200 day moving average price is $13.96. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.91. DXC Technology Company. has a twelve month low of $11.61 and a twelve month high of $18.90. The company has a market capitalization of $2.13 billion, a PE ratio of 5.39 and a beta of 1.10.

DXC Technology (NYSE:DXC) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.13. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.18 billion. DXC Technology had a net margin of 3.34% and a return on equity of 17.56%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 EPS. On average, research analysts predict that DXC Technology Company. will post 3.35 earnings per share for the current year.

Insider Activity at DXC Technology

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $15.15, for a total transaction of $37,875.00. Following the completion of the sale, the senior vice president directly owned 88,605 shares of the company’s stock, valued at $1,342,365.75. The trade was a 2.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Raul J. Fernandez acquired 16,446 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were purchased at an average price of $15.24 per share, with a total value of $250,637.04. Following the completion of the acquisition, the chief executive officer owned 816,001 shares in the company, valued at approximately $12,435,855.24. The trade was a 2.06% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 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.