DXC Technology (NYSE:DXC) Shares Sold by Raymond James & Associates

Raymond James & Associates lessened its holdings in shares of DXC Technology (NYSE:DXCGet Rating) by 14.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 221,179 shares of the company’s stock after selling 36,671 shares during the period. Raymond James & Associates owned 0.10% of DXC Technology worth $5,414,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. M&T Bank Corp increased its position in DXC Technology by 2.5% during the second quarter. M&T Bank Corp now owns 16,255 shares of the company’s stock worth $470,000 after buying an additional 399 shares during the period. IMA Wealth Inc. increased its position in DXC Technology by 3.7% during the second quarter. IMA Wealth Inc. now owns 83,964 shares of the company’s stock worth $2,545,000 after buying an additional 2,986 shares during the period. Counterpoint Mutual Funds LLC increased its position in DXC Technology by 48.2% during the second quarter. Counterpoint Mutual Funds LLC now owns 4,011 shares of the company’s stock worth $122,000 after buying an additional 1,304 shares during the period. Stanley Laman Group Ltd. increased its position in DXC Technology by 43.3% during the third quarter. Stanley Laman Group Ltd. now owns 120,649 shares of the company’s stock worth $2,953,000 after buying an additional 36,450 shares during the period. Finally, Brinker Capital Investments LLC increased its position in DXC Technology by 11.8% during the second quarter. Brinker Capital Investments LLC now owns 10,018 shares of the company’s stock worth $304,000 after buying an additional 1,055 shares during the period. Institutional investors and hedge funds own 89.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. JPMorgan Chase & Co. raised DXC Technology from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $31.00 to $33.00 in a research report on Thursday, December 15th. Royal Bank of Canada lifted their target price on DXC Technology from $34.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, November 7th. Finally, BMO Capital Markets lowered their target price on DXC Technology from $36.00 to $33.00 and set an “outperform” rating on the stock in a research note on Friday, November 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $35.09.

Insider Activity at DXC Technology

In related news, Director Raul J. Fernandez sold 5,000 shares of DXC Technology stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $29.75, for a total transaction of $148,750.00. Following the completion of the transaction, the director now directly owns 47,092 shares of the company’s stock, valued at $1,400,987. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Raul J. Fernandez sold 10,000 shares of DXC Technology stock in a transaction on Friday, November 11th. The stock was sold at an average price of $29.39, for a total transaction of $293,900.00. Following the completion of the transaction, the director now directly owns 52,092 shares of the company’s stock, valued at $1,530,983.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Raul J. Fernandez sold 5,000 shares of DXC Technology stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $29.75, for a total value of $148,750.00. Following the transaction, the director now directly owns 47,092 shares of the company’s stock, valued at $1,400,987. The disclosure for this sale can be found here. Company insiders own 0.47% of the company’s stock.

DXC Technology Stock Down 0.0 %

DXC Technology stock opened at $28.81 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.14 and a quick ratio of 1.14. DXC Technology has a 1-year low of $22.65 and a 1-year high of $39.65. The company has a market cap of $6.63 billion, a PE ratio of 9.38, a price-to-earnings-growth ratio of 0.68 and a beta of 1.92. The stock’s 50 day moving average price is $27.90 and its 200 day moving average price is $27.72.

DXC Technology (NYSE:DXCGet Rating) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. DXC Technology had a return on equity of 15.59% and a net margin of 4.93%. The firm had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.56 billion. On average, sell-side analysts predict that DXC Technology will post 3.49 EPS for the current fiscal year.

DXC Technology Company Profile

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DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers a portfolio of analytics services and extensive partner ecosystem that help its customers to gain rapid insights, automate operations, and accelerate their digital transformation journeys; and software engineering, consulting, and data analytics solutions that enable businesses to run and manage their mission-critical functions, transform their operations, and develop new ways of doing business.

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Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)

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