Dynamic Technology Lab Private Ltd Buys New Shares in DXC Technology (NYSE:DXC)

Dynamic Technology Lab Private Ltd purchased a new position in shares of DXC Technology (NYSE:DXC) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 91,755 shares of the company’s stock, valued at approximately $1,904,000. Dynamic Technology Lab Private Ltd owned 0.05% of DXC Technology as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DXC. William B. Walkup & Associates Inc. purchased a new stake in shares of DXC Technology during the second quarter valued at approximately $26,000. Mather Group LLC. boosted its holdings in shares of DXC Technology by 55.0% in the 2nd quarter. Mather Group LLC. now owns 1,637 shares of the company’s stock valued at $35,000 after buying an additional 581 shares during the period. Fifth Third Bancorp grew its holdings in shares of DXC Technology by 40.1% during the second quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock valued at $37,000 after purchasing an additional 559 shares during the last quarter. Family Firm Inc. bought a new position in DXC Technology during the 2nd quarter worth $37,000. Finally, Matrix Trust Co acquired a new stake in shares of DXC Technology in the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Stock Performance

Shares of DXC opened at $22.59 on Tuesday. DXC Technology has a twelve month low of $14.78 and a twelve month high of $25.14. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The firm’s 50 day moving average price is $20.82 and its two-hundred day moving average price is $19.53. The firm has a market cap of $4.09 billion, a P/E ratio of 282.41, a PEG ratio of 1.44 and a beta of 1.67.

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction dated Friday, September 13th. The stock was 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. The trade was a 2.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is currently owned by company insiders.

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).