Pacer Advisors Inc. Purchases 899,510 Shares of DXC Technology (NYSE:DXC)

Pacer Advisors Inc. raised its position in DXC Technology (NYSE:DXC) by 4.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,140,488 shares of the company’s stock after buying an additional 899,510 shares during the quarter. DXC Technology comprises about 0.9% of Pacer Advisors Inc.’s holdings, making the stock its 25th largest position. Pacer Advisors Inc. owned about 11.14% of DXC Technology worth $417,915,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in DXC. Janney Montgomery Scott LLC raised its stake in shares of DXC Technology by 40.4% in the first quarter. Janney Montgomery Scott LLC now owns 16,693 shares of the company’s stock valued at $354,000 after buying an additional 4,805 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of DXC Technology by 16.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 133,344 shares of the company’s stock valued at $2,804,000 after purchasing an additional 19,240 shares during the period. UniSuper Management Pty Ltd bought a new stake in shares of DXC Technology during the 1st quarter valued at $882,000. Toronto Dominion Bank raised its stake in shares of DXC Technology by 683,853.2% during the 1st quarter. Toronto Dominion Bank now owns 745,509 shares of the company’s stock valued at $15,812,000 after purchasing an additional 745,400 shares during the period. Finally, Quadrature Capital Ltd raised its stake in shares of DXC Technology by 138.1% during the 1st quarter. Quadrature Capital Ltd now owns 63,420 shares of the company’s stock valued at $1,345,000 after purchasing an additional 36,781 shares during the period. 96.20% of the stock is currently owned by institutional investors.

Insider Transactions at DXC Technology

In related news, SVP Christopher Anthony Voci sold 2,500 shares of the firm’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 of the company’s stock, valued at $1,789,652.02. This trade represents a 2.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.54% of the company’s stock.

DXC Technology Trading Up 8.1 %

NYSE DXC opened at $21.17 on Thursday. DXC Technology has a fifty-two week low of $14.78 and a fifty-two week high of $25.14. The stock has a market cap of $3.83 billion, a P/E ratio of 264.66, a price-to-earnings-growth ratio of 1.27 and a beta of 1.67. The stock has a 50 day simple moving average of $20.78 and a two-hundred day simple moving average of $19.50. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25.

DXC Technology (NYSE:DXC) last announced its 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. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.21 billion. During the same quarter in the prior year, the company earned $0.70 EPS. On average, analysts forecast that DXC Technology will post 3.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

DXC has been the topic of a number of research analyst reports. Royal Bank of Canada upped their target price on DXC Technology from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. BMO Capital Markets increased their target price on DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a report on Monday, November 11th. JPMorgan Chase & Co. increased their target price on DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Friday, September 6th. Finally, Susquehanna increased their price objective on DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Two 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, the company has an average rating of “Hold” and a consensus price target of $20.89.

About DXC Technology

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).