RBF Capital LLC Invests $622,000 in DXC Technology (NYSE:DXC)

RBF Capital LLC bought a new stake in shares of DXC Technology (NYSE:DXC) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 30,000 shares of the company’s stock, valued at approximately $622,000.

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

Insider Activity

In other DXC Technology 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 value of $53,425.00. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DXC. BMO Capital Markets increased their price objective 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. raised their target price on DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a research report on Friday, September 6th. Susquehanna raised their target price on DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Royal Bank of Canada lifted their price objective on DXC Technology from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, DXC Technology has a consensus rating of “Hold” and an average price target of $20.89.

DXC Technology Price Performance

Shares of NYSE:DXC opened at $22.50 on Thursday. DXC Technology has a one year low of $14.78 and a one year high of $25.14. The stock has a market cap of $4.07 billion, a PE ratio of 281.25, a price-to-earnings-growth ratio of 1.46 and a beta of 1.65. The business’s fifty day moving average price is $21.06 and its two-hundred day moving average price is $19.71. 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 issued its earnings results on Thursday, November 7th. The company reported $0.93 earnings per share 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 business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.21 billion. During the same period last year, the company posted $0.70 EPS. On average, analysts forecast that DXC Technology will post 3.18 EPS for the current fiscal year.

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).