Vanguard Group Inc. Buys 800,973 Shares of DXC Technology Company. $DXC

Vanguard Group Inc. boosted its stake in shares of DXC Technology Company. (NYSE:DXC) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,452,271 shares of the company’s stock after purchasing an additional 800,973 shares during the period. Vanguard Group Inc. owned about 13.47% of DXC Technology worth $319,654,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DXC. AQR Capital Management LLC increased its stake in shares of DXC Technology by 97.0% in the second quarter. AQR Capital Management LLC now owns 3,933,973 shares of the company’s stock worth $60,150,000 after purchasing an additional 1,936,726 shares in the last quarter. Norges Bank bought a new position in shares of DXC Technology in the second quarter worth about $16,589,000. Qube Research & Technologies Ltd grew its holdings in DXC Technology by 1,156.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,132,578 shares of the company’s stock valued at $17,317,000 after buying an additional 1,042,409 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in DXC Technology during the second quarter valued at $8,716,000. Finally, American Century Companies Inc. boosted its stake in DXC Technology by 7.6% during the second quarter. American Century Companies Inc. now owns 6,995,343 shares of the company’s stock valued at $106,959,000 after buying an additional 491,668 shares during the last quarter. Institutional investors own 96.20% of the company’s stock.

DXC Technology Stock Down 0.7%

Shares of NYSE:DXC opened at $12.56 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.91. The firm’s 50 day moving average price is $14.28 and its 200 day moving average price is $13.95. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 5.39 and a beta of 1.07. DXC Technology Company. has a fifty-two week low of $11.61 and a fifty-two week high of $18.90.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Thursday, January 29th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.13. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.18 billion. DXC Technology had a net margin of 3.34% and a return on equity of 17.56%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 EPS. As a group, equities research analysts predict that DXC Technology Company. will post 3.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Raul J. Fernandez acquired 16,446 shares of DXC Technology stock in a transaction that occurred on Monday, February 2nd. The stock was purchased at an average price of $15.24 per share, for a total transaction of $250,637.04. Following the completion of the purchase, the chief executive officer directly owned 816,001 shares of the company’s stock, valued at approximately $12,435,855.24. This trade represents a 2.06% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Christopher Anthony Voci sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $15.15, for a total value of $37,875.00. Following the completion of the sale, the senior vice president owned 88,605 shares in the company, valued at approximately $1,342,365.75. This represents a 2.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DXC shares. Wolfe Research set a $13.00 target price on shares of DXC Technology and gave the stock an “underperform” rating in a report on Friday, January 30th. Zacks Research raised shares of DXC Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Stifel Nicolaus decreased their price target on shares of DXC Technology from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Friday, October 31st. Wall Street Zen downgraded shares of DXC Technology from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, BMO Capital Markets increased their price target on DXC Technology from $15.00 to $17.00 and gave the company a “market perform” rating in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, DXC Technology currently has an average rating of “Reduce” and a consensus price target of $14.71.

DXC Technology Company 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.