GSA Capital Partners LLP purchased a new position in shares of DXC Technology Company. (NYSE:DXC – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 290,578 shares of the company’s stock, valued at approximately $2,572,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its position in DXC Technology by 240.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock valued at $27,000 after purchasing an additional 1,227 shares during the period. Danske Bank A S increased its position in DXC Technology by 280.0% in the fourth quarter. Danske Bank A S now owns 1,900 shares of the company’s stock worth $28,000 after buying an additional 1,400 shares during the period. Fifth Third Bancorp increased its position in DXC Technology by 116.0% in the fourth quarter. Fifth Third Bancorp now owns 2,102 shares of the company’s stock worth $31,000 after buying an additional 1,129 shares during the period. Hantz Financial Services Inc. increased its position in DXC Technology by 110.5% in the fourth quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock worth $32,000 after buying an additional 1,147 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its stake in DXC Technology by 13,258.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,271 shares of the company’s stock valued at $33,000 after buying an additional 2,254 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.
DXC Technology Trading Down 3.6%
NYSE:DXC opened at $10.79 on Friday. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 15.42 and a beta of 0.79. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.41 and a current ratio of 1.41. DXC Technology Company. has a 1 year low of $7.90 and a 1 year high of $15.68. The business has a fifty day moving average of $9.72 and a 200-day moving average of $11.17.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on DXC shares. Zacks Research raised shares of DXC Technology from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. BMO Capital Markets dropped their price objective on shares of DXC Technology from $17.00 to $10.00 and set a “market perform” rating on the stock in a report on Monday, May 11th. Weiss Ratings reissued a “sell (d)” rating on shares of DXC Technology in a research note on Friday, August 7th. Stifel Nicolaus decreased their target price on shares of DXC Technology from $12.00 to $10.50 and set a “hold” rating for the company in a research report on Friday, July 31st. Finally, Royal Bank Of Canada dropped their price target on shares of DXC Technology from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Friday, July 31st. Seven equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $12.44.
DXC Technology 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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