DXC Technology Company. $DXC Shares Sold by LSV Asset Management

LSV Asset Management lowered its stake in shares of DXC Technology Company. (NYSE:DXC) by 7.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,758,062 shares of the company’s stock after selling 302,836 shares during the period. LSV Asset Management owned about 2.16% of DXC Technology worth $51,222,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Waterfront Wealth Inc. raised its holdings in shares of DXC Technology by 818.6% during the third quarter. Waterfront Wealth Inc. now owns 142,192 shares of the company’s stock valued at $1,886,000 after acquiring an additional 126,713 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of DXC Technology by 38.2% during the third quarter. Smartleaf Asset Management LLC now owns 2,814 shares of the company’s stock worth $38,000 after purchasing an additional 778 shares in the last quarter. Allianz Asset Management GmbH raised its stake in DXC Technology by 19.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 798,164 shares of the company’s stock valued at $10,879,000 after purchasing an additional 129,186 shares during the last quarter. AGF Management Ltd. lifted its holdings in DXC Technology by 16.6% in the 3rd quarter. AGF Management Ltd. now owns 231,258 shares of the company’s stock valued at $3,152,000 after purchasing an additional 32,850 shares in the last quarter. Finally, Convergence Investment Partners LLC acquired a new stake in DXC Technology during the 3rd quarter worth $693,000. 96.20% of the stock is owned by hedge funds and other institutional investors.

DXC Technology Stock Up 2.9%

DXC stock opened at $13.38 on Friday. DXC Technology Company. has a one year low of $11.82 and a one year high of $21.35. The firm has a market cap of $2.27 billion, a PE ratio of 5.74 and a beta of 1.07. The firm’s 50 day moving average price is $14.75 and its 200-day moving average price is $13.99. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.35 and a current ratio of 1.35.

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. DXC Technology had a return on equity of 17.56% and a net margin of 3.34%.The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same period in the prior year, the business posted $0.92 earnings per share. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, equities research analysts anticipate that DXC Technology Company. will post 3.35 EPS for the current year.

Insider Transactions at DXC Technology

In related news, SVP Christopher Anthony Voci sold 2,500 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $15.15, for a total value of $37,875.00. Following the sale, the senior vice president directly owned 88,605 shares in the company, valued at approximately $1,342,365.75. The trade was a 2.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Raul J. Fernandez bought 16,446 shares of the stock in a transaction on Monday, February 2nd. The shares were bought at an average cost of $15.24 per share, with a total value of $250,637.04. Following the purchase, the chief executive officer owned 816,001 shares of the company’s stock, valued at $12,435,855.24. This trade represents a 2.06% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on DXC shares. Zacks Research upgraded shares of DXC Technology from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. BMO Capital Markets increased their price objective on shares of DXC Technology from $15.00 to $17.00 and gave the company a “market perform” rating in a report on Tuesday, February 3rd. Stifel Nicolaus decreased their target price 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 cut DXC Technology from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Susquehanna set a $14.00 price target on DXC Technology and gave the company a “neutral” rating in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, DXC Technology presently has an average rating of “Reduce” and an average price target of $14.71.

About DXC Technology

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.