DXC Technology (NYSE:DXC) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd increased its stake in shares of DXC Technology (NYSE:DXC) by 37.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 13,601 shares of the company’s stock after buying an additional 3,699 shares during the quarter. XTX Topco Ltd’s holdings in DXC Technology were worth $260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of DXC Technology during the 4th quarter worth about $14,881,000. US Bancorp DE increased its position in shares of DXC Technology by 268.9% during the fourth quarter. US Bancorp DE now owns 43,783 shares of the company’s stock worth $1,001,000 after purchasing an additional 31,915 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in DXC Technology in the 4th quarter valued at $789,000. Circumference Group LLC purchased a new position in DXC Technology in the 4th quarter valued at $3,774,000. Finally, Bridgefront Capital LLC purchased a new position in DXC Technology in the 4th quarter valued at $337,000. 96.20% of the stock is owned by institutional investors and hedge funds.

DXC Technology Stock Performance

Shares of DXC Technology stock opened at $20.72 on Friday. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 56.00, a PEG ratio of 1.83 and a beta of 1.67. The firm’s fifty day simple moving average is $20.15 and its 200-day simple moving average is $19.44. 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 has a 12 month low of $14.78 and a 12 month high of $25.14.

DXC Technology (NYSE:DXC) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.17. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations 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 analysts forecast that DXC Technology will post 2.89 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Activity

In other news, EVP Mary E. Finch sold 31,047 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $19.36, for a total value of $601,069.92. Following the completion of the sale, the executive vice president now directly owns 325,665 shares of the company’s stock, valued at approximately $6,304,874.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other DXC Technology news, EVP Mary E. Finch sold 31,047 shares of the company’s 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were sold at an average price of $21.37, for a total transaction 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 disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

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).