Pacer Advisors Inc. Grows Stock Holdings in DXC Technology (NYSE:DXC)

Pacer Advisors Inc. lifted its position in DXC Technology (NYSE:DXC) by 30.4% during the second quarter, Holdings Channel reports. The institutional investor owned 19,240,978 shares of the company’s stock after buying an additional 4,489,924 shares during the quarter. DXC Technology comprises approximately 0.8% of Pacer Advisors Inc.’s investment portfolio, making the stock its 29th largest holding. Pacer Advisors Inc. owned approximately 0.11% of DXC Technology worth $367,310,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP purchased a new position in DXC Technology in the fourth quarter worth $51,000. BNP Paribas Financial Markets grew its stake in DXC Technology by 11.5% during the 1st quarter. BNP Paribas Financial Markets now owns 578,934 shares of the company’s stock worth $12,279,000 after buying an additional 59,751 shares during the last quarter. GSA Capital Partners LLP acquired a new position in DXC Technology during the 1st quarter valued at about $1,452,000. Mitsubishi UFJ Trust & Banking Corp raised its stake in DXC Technology by 16.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 133,344 shares of the company’s stock valued at $2,804,000 after buying an additional 19,240 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in DXC Technology by 41.8% in the first quarter. Sei Investments Co. now owns 327,080 shares of the company’s stock worth $6,937,000 after acquiring an additional 96,398 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Insider Buying and Selling

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 83,746 shares of the company’s stock, valued at $1,789,652.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Christopher Anthony Voci sold 2,500 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $21.37, for a total transaction of $53,425.00. Following the sale, the senior vice president now owns 83,746 shares in the company, valued at $1,789,652.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Mary E. Finch sold 31,047 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $19.36, for a total transaction of $601,069.92. Following the completion of the transaction, the executive vice president now owns 325,665 shares of the company’s stock, valued at approximately $6,304,874.40. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of DXC Technology from $17.50 to $22.00 and gave the company a “market perform” rating in a report on Friday, August 9th. Royal Bank of Canada upped their price target on shares of DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Susquehanna lifted their price objective on shares of DXC Technology from $15.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 12th. Finally, JPMorgan Chase & Co. upped their target price on DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a research report on Friday, September 6th. Three equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $20.30.

DXC Technology Stock Up 1.3 %

NYSE:DXC opened at $21.34 on Friday. The firm has a market capitalization of $3.85 billion, a P/E ratio of 57.68, a PEG ratio of 1.82 and a beta of 1.67. The company’s fifty day moving average price is $20.07 and its 200-day moving average price is $19.46. DXC Technology has a 1-year low of $14.78 and a 1-year high of $25.14. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.21 and a quick ratio of 1.21.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.17. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.14 billion. DXC Technology had a return on equity of 19.20% and a net margin of 0.60%. As a group, equities research analysts anticipate that DXC Technology will post 2.89 EPS 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).