Quest Partners LLC Makes New $97,000 Investment in DXC Technology (NYSE:DXC)

Quest Partners LLC bought a new position in DXC Technology (NYSE:DXC) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 4,697 shares of the company’s stock, valued at approximately $97,000.

Other large investors have also bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in shares of DXC Technology by 30.4% during the second quarter. Pacer Advisors Inc. now owns 19,240,978 shares of the company’s stock valued at $367,310,000 after purchasing an additional 4,489,924 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of DXC Technology by 20.8% during 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 during the last quarter. LSV Asset Management raised its holdings in shares of DXC Technology by 0.8% during 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 during the last quarter. AQR Capital Management LLC raised its holdings in shares of DXC Technology by 11.3% during the second quarter. AQR Capital Management LLC now owns 2,117,753 shares of the company’s stock valued at $39,898,000 after purchasing an additional 215,692 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of 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 purchasing an additional 191,101 shares during the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective 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. Royal Bank of Canada boosted their price objective on shares of DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. BMO Capital Markets boosted their price objective on shares of DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a report on Monday, November 11th. Finally, Susquehanna boosted their price objective on shares of DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, DXC Technology has a consensus rating of “Hold” and an average price target of $20.89.

Insiders Place Their Bets

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $21.37, for a total value of $53,425.00. Following the completion of the transaction, the senior vice president now directly owns 83,746 shares in the company, valued at $1,789,652.02. This represents a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.54% of the company’s stock.

DXC Technology Stock Up 0.5 %

Shares of DXC stock opened at $22.49 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 cap of $4.07 billion, a P/E ratio of 281.16, a P/E/G ratio of 1.45 and a beta of 1.67. 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 company has a 50 day simple moving average of $20.92 and a two-hundred day simple moving average of $19.61.

DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.21. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.21 billion. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. During the same period in the prior year, the business posted $0.70 earnings per share. On average, research analysts expect that DXC Technology will post 3.18 earnings per share for the current year.

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).