Mercer Global Advisors Inc. ADV Makes New $142,000 Investment in DXC Technology (NYSE:DXC)

Mercer Global Advisors Inc. ADV bought a new stake in DXC Technology (NYSE:DXC) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 7,454 shares of the company’s stock, valued at approximately $142,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Glenview Capital Management LLC grew its holdings in shares of DXC Technology by 33.6% during the fourth quarter. Glenview Capital Management LLC now owns 13,006,623 shares of the company’s stock worth $297,461,000 after purchasing an additional 3,272,212 shares during the last quarter. FIL Ltd raised its holdings in shares of DXC Technology by 4.2% in the fourth quarter. FIL Ltd now owns 6,598,101 shares of the company’s stock valued at $150,899,000 after buying an additional 267,480 shares during the last quarter. American Century Companies Inc. grew its stake in shares of DXC Technology by 20.8% during the 2nd quarter. American Century Companies Inc. now owns 3,991,295 shares of the company’s stock worth $76,194,000 after purchasing an additional 687,522 shares during the period. LSV Asset Management increased its holdings in shares of DXC Technology by 0.8% in the 2nd 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. Finally, CANADA LIFE ASSURANCE Co lifted its stake in shares of DXC Technology by 1.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 3,184,365 shares of the company’s stock valued at $67,615,000 after purchasing an additional 55,467 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Stock Down 3.3 %

DXC Technology stock opened at $20.06 on Wednesday. The company’s 50-day moving average is $20.18 and its 200-day moving average is $19.43. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $3.62 billion, a PE ratio of 54.22, a P/E/G ratio of 1.83 and a beta of 1.67. DXC Technology has a fifty-two week low of $14.78 and a fifty-two week high of $25.14.

DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, August 8th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.17. DXC Technology had a return on equity of 19.20% and a net margin of 0.60%. The company had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Sell-side analysts anticipate that DXC Technology will post 2.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DXC. BMO Capital Markets upped their target price on shares of DXC Technology from $17.50 to $22.00 and gave the stock a “market perform” rating in a research report on Friday, August 9th. Royal Bank of Canada raised their price target on DXC Technology from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. Susquehanna increased their price objective on shares of DXC Technology from $15.00 to $19.00 and gave the stock a “neutral” rating in a report on Wednesday, June 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Friday, September 6th. Three investment 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, DXC Technology presently has an average rating of “Hold” and a consensus target price of $20.30.

Insider Activity at DXC Technology

In other news, EVP Mary E. Finch sold 31,047 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were 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 in the company, valued at approximately $6,304,874.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Christopher Anthony Voci sold 2,500 shares of the company’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 transaction of $53,425.00. Following the completion of the transaction, the senior vice president now owns 83,746 shares in the company, valued at $1,789,652.02. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Mary E. Finch sold 31,047 shares of the firm’s stock in a transaction 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 disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

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).