Sanctuary Advisors LLC Takes Position in DXC Technology (NYSE:DXC)

Sanctuary Advisors LLC purchased a new stake in DXC Technology (NYSE:DXC) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,588 shares of the company’s stock, valued at approximately $258,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in DXC Technology by 4.7% in the 3rd quarter. Pacer Advisors Inc. now owns 20,140,488 shares of the company’s stock valued at $417,915,000 after acquiring an additional 899,510 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of DXC Technology by 20.8% in the second quarter. American Century Companies Inc. now owns 3,991,295 shares of the company’s stock valued at $76,194,000 after purchasing an additional 687,522 shares in the last quarter. LSV Asset Management increased its holdings in shares of DXC Technology by 0.8% in the second quarter. LSV Asset Management now owns 3,436,128 shares of the company’s stock valued at $65,596,000 after purchasing an additional 26,186 shares in the last quarter. AQR Capital Management LLC raised its position in DXC Technology by 11.3% in the 2nd quarter. AQR Capital Management LLC now owns 2,117,753 shares of the company’s stock worth $39,898,000 after purchasing an additional 215,692 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in DXC Technology by 12.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,704,485 shares of the company’s stock worth $32,539,000 after buying an additional 191,101 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Price Performance

DXC Technology stock opened at $20.20 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $3.66 billion, a P/E ratio of 252.53, a PEG ratio of 1.40 and a beta of 1.65. The business has a 50-day moving average of $21.31 and a 200-day moving average of $20.31. DXC Technology has a 1 year low of $14.78 and a 1 year high of $24.83.

DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, November 7th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.72 by $0.21. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.21 billion. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. During the same quarter in the prior year, the firm earned $0.70 earnings per share. On average, equities analysts anticipate that DXC Technology will post 3.18 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DXC. Susquehanna boosted their target price on DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. BMO Capital Markets boosted their price objective on DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. raised their target price 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. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $20.89.

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).