SG Americas Securities LLC Increases Stake in DXC Technology (NYSE:DXC)

SG Americas Securities LLC grew its position in shares of DXC Technology (NYSE:DXC) by 115.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,092 shares of the company’s stock after buying an additional 19,860 shares during the quarter. SG Americas Securities LLC’s holdings in DXC Technology were worth $770,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Quarry LP acquired a new position in shares of DXC Technology during the 4th quarter worth $51,000. BNP Paribas Financial Markets grew its stake in shares of 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 purchasing an additional 59,751 shares during the period. GSA Capital Partners LLP acquired a new position in shares of DXC Technology during the 1st quarter worth $1,452,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of DXC Technology by 16.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 133,344 shares of the company’s stock worth $2,804,000 after purchasing an additional 19,240 shares during the period. Finally, Sei Investments Co. grew its stake in shares of DXC Technology by 41.8% during the 1st quarter. Sei Investments Co. now owns 327,080 shares of the company’s stock worth $6,937,000 after purchasing an additional 96,398 shares during the period. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Insider Transactions at DXC Technology

In other news, EVP Mary E. Finch sold 31,047 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $19.36, for a total transaction of $601,069.92. Following the transaction, the executive vice president now directly owns 325,665 shares in the company, valued at $6,304,874.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Mary E. Finch sold 31,047 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $19.36, for a total transaction of $601,069.92. Following the transaction, the executive vice president now directly owns 325,665 shares in the company, valued at $6,304,874.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Christopher Anthony Voci sold 2,500 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $21.37, for a total transaction of $53,425.00. Following the transaction, the senior vice president now owns 83,746 shares in the company, valued at approximately $1,789,652.02. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

DXC Technology Price Performance

DXC Technology stock opened at $20.02 on Friday. DXC Technology has a 12-month low of $14.78 and a 12-month high of $25.14. The stock has a market capitalization of $3.61 billion, a P/E ratio of 54.11, a P/E/G ratio of 1.77 and a beta of 1.67. The firm’s 50-day moving average is $20.26 and its two-hundred day moving average is $19.42. 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 released its quarterly earnings results on Thursday, August 8th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.17. DXC Technology had a net margin of 0.60% and a return on equity of 19.20%. The company had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Equities analysts predict that DXC Technology will post 2.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on DXC shares. BMO Capital Markets upped their price target on shares of DXC Technology from $17.50 to $22.00 and gave the stock a “market perform” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. increased their price objective on shares of DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a research note on Friday, September 6th. Finally, Royal Bank of Canada increased their price objective 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. Three investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, DXC Technology currently has an average rating of “Hold” and a consensus target price of $20.30.

DXC Technology Company 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).