BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases Shares of 13,617 DXC Technology (NYSE:DXC)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of DXC Technology (NYSE:DXC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,617 shares of the company’s stock, valued at approximately $260,000.

Several other large investors have also modified their holdings of DXC. Innealta Capital LLC purchased a new stake in shares of DXC Technology during the second quarter valued at $96,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in DXC Technology by 4.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,701 shares of the company’s stock worth $777,000 after buying an additional 1,668 shares during the period. Summit Securities Group LLC purchased a new stake in DXC Technology during the second quarter valued at about $153,000. Bank of New York Mellon Corp lifted its stake in DXC Technology by 12.6% during the second quarter. Bank of New York Mellon Corp now owns 1,704,485 shares of the company’s stock valued at $32,539,000 after buying an additional 191,101 shares in the last quarter. Finally, IMA Advisory Services Inc. boosted its holdings in shares of DXC Technology by 5.7% in the second quarter. IMA Advisory Services Inc. now owns 76,527 shares of the company’s stock worth $1,461,000 after buying an additional 4,147 shares during the period. 96.20% of the stock is owned by institutional investors.

Insider Activity at DXC Technology

In other news, EVP Mary E. Finch sold 31,047 shares of DXC Technology stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $19.36, for a total transaction of $601,069.92. Following the sale, the executive vice president now owns 325,665 shares of the company’s stock, valued at approximately $6,304,874.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is currently owned by company insiders.

DXC Technology Trading Down 1.4 %

Shares of NYSE DXC opened at $20.38 on Wednesday. The business has a 50 day simple moving average of $19.47 and a 200 day simple moving average of $19.46. DXC Technology has a 52 week low of $14.78 and a 52 week high of $25.14. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 55.08, a PEG ratio of 1.81 and a beta of 1.73. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.21 and a current ratio of 1.21.

DXC Technology (NYSE:DXC) last posted its earnings results on Thursday, August 8th. The company reported $0.74 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 during the quarter, compared to the consensus estimate of $3.14 billion. On average, research analysts predict that DXC Technology will post 2.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Susquehanna boosted their price target on shares of DXC Technology from $15.00 to $19.00 and gave the company a “neutral” rating in a report on Wednesday, June 12th. Royal Bank of Canada boosted their target price 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. TD Cowen decreased their target price on DXC Technology from $22.00 to $18.00 and set a “hold” rating for the company in a research report on Tuesday, May 21st. BMO Capital Markets upped their price target on DXC Technology from $17.50 to $22.00 and gave the company a “market perform” rating in a research report on Friday, August 9th. Finally, Stifel Nicolaus decreased their price objective on DXC Technology from $21.00 to $19.00 and set a “hold” rating for the company in a research report on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.50.

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).