Investment Management Associates Inc. ADV Sells 36,120 Shares of DXC Technology (NYSE:DXC)

Investment Management Associates Inc. ADV reduced its holdings in shares of DXC Technology (NYSE:DXC) by 6.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 535,652 shares of the company’s stock after selling 36,120 shares during the quarter. DXC Technology accounts for 4.3% of Investment Management Associates Inc. ADV’s portfolio, making the stock its 11th biggest holding. Investment Management Associates Inc. ADV owned about 0.30% of DXC Technology worth $11,115,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. William B. Walkup & Associates Inc. purchased a new position in DXC Technology during the 2nd quarter valued at approximately $26,000. Mather Group LLC. lifted its stake in DXC Technology by 55.0% during the second quarter. Mather Group LLC. now owns 1,637 shares of the company’s stock worth $35,000 after purchasing an additional 581 shares in the last quarter. Fifth Third Bancorp increased its holdings in DXC Technology by 40.1% in the second quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock valued at $37,000 after buying an additional 559 shares during the last quarter. Family Firm Inc. purchased a new position in shares of DXC Technology during the second quarter worth about $37,000. Finally, Matrix Trust Co purchased a new position in shares of DXC Technology during the third quarter worth about $43,000. Institutional investors own 96.20% of the company’s stock.

Insider Buying and Selling

In related news, SVP Christopher Anthony Voci sold 2,500 shares of the firm’s 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 transaction, the senior vice president now directly owns 83,746 shares of the company’s stock, valued at approximately $1,789,652.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by insiders.

DXC Technology Stock Performance

Shares of DXC opened at $22.77 on Tuesday. DXC Technology has a 12 month low of $14.78 and a 12 month high of $25.14. The firm has a fifty day simple moving average of $20.72 and a 200 day simple moving average of $19.41. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 284.66, a PEG ratio of 1.89 and a beta of 1.67. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.21.

DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.21. The firm had revenue of $3.24 billion for 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 20.51%. During the same period in the prior year, the firm posted $0.70 earnings per share. Research analysts forecast that DXC Technology will post 2.9 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research note on Monday. JPMorgan Chase & Co. upped their target price on shares of DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th. Royal Bank of Canada raised their price objective on shares of DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Finally, Susquehanna raised their price objective on shares of DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $20.89.

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).