Sanctuary Advisors LLC acquired a new stake in DXC Technology Company. (NYSE:DXC – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 48,160 shares of the company’s stock, valued at approximately $605,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC increased its holdings in DXC Technology by 1,171.6% during the 4th quarter. SG Americas Securities LLC now owns 752,329 shares of the company’s stock valued at $11,022,000 after purchasing an additional 693,167 shares during the period. CastleKnight Management LP raised its position in DXC Technology by 344.7% during the 4th quarter. CastleKnight Management LP now owns 324,651 shares of the company’s stock valued at $4,756,000 after purchasing an additional 251,651 shares during the last quarter. Waterfront Wealth Inc. lifted its holdings in DXC Technology by 55.4% in the 4th quarter. Waterfront Wealth Inc. now owns 220,922 shares of the company’s stock worth $3,285,000 after buying an additional 78,730 shares during the period. AXQ Capital LP purchased a new stake in DXC Technology in the 4th quarter worth approximately $1,001,000. Finally, James Investment Research Inc. bought a new stake in shares of DXC Technology in the 4th quarter worth approximately $739,000. 96.20% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. Weiss Ratings cut DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. TD Cowen dropped their price target on DXC Technology from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Thursday, July 9th. Stifel Nicolaus set a $12.00 price target on shares of DXC Technology in a report on Friday, May 8th. Zacks Research upgraded shares of DXC Technology from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, Morgan Stanley reduced their price objective on shares of DXC Technology from $15.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 14th. Seven investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $12.25.
Insider Activity
In related news, CEO Raul J. Fernandez bought 28,051 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average price of $8.90 per share, for a total transaction of $249,653.90. Following the completion of the acquisition, the chief executive officer owned 844,052 shares of the company’s stock, valued at $7,512,062.80. This trade represents a 3.44% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.13% of the stock is currently owned by insiders.
DXC Technology Stock Up 3.3%
DXC stock opened at $10.39 on Tuesday. DXC Technology Company. has a twelve month low of $7.90 and a twelve month high of $15.68. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.94. The firm has a market cap of $1.70 billion, a PE ratio of 173.10 and a beta of 0.82. The business has a 50 day moving average of $9.27 and a 200 day moving average of $11.52.
DXC Technology (NYSE:DXC – Get Free Report) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.17 billion. DXC Technology had a net margin of 0.14% and a return on equity of 17.24%. DXC Technology’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.84 EPS. On average, research analysts forecast that DXC Technology Company. will post 2.61 EPS for the current fiscal year.
DXC Technology Company Profile
DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.
DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.
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