Prelude Capital Management LLC Grows Stock Position in DXC Technology (NYSE:DXC)

Prelude Capital Management LLC increased its position in shares of DXC Technology (NYSE:DXC – Get Rating) by 39.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,141 shares of the company’s stock after buying an additional 5,143 shares during the quarter. Prelude Capital Management LLC’s holdings in DXC Technology were worth $444,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in DXC Technology by 3.7% in the third quarter. Price T Rowe Associates Inc. MD now owns 318,435 shares of the company’s stock valued at $7,796,000 after purchasing an additional 11,271 shares during the period. Poehling Capital Management INC. raised its position in DXC Technology by 183.5% in the third quarter. Poehling Capital Management INC. now owns 46,120 shares of the company’s stock valued at $1,129,000 after purchasing an additional 29,854 shares during the period. Marshall Wace LLP raised its position in DXC Technology by 39.1% in the third quarter. Marshall Wace LLP now owns 246,049 shares of the company’s stock valued at $6,022,000 after purchasing an additional 69,183 shares during the period. Edgestream Partners L.P. purchased a new stake in DXC Technology in the third quarter valued at approximately $1,229,000. Finally, Ethic Inc. raised its position in DXC Technology by 79.0% in the third quarter. Ethic Inc. now owns 32,511 shares of the company’s stock valued at $796,000 after purchasing an additional 14,353 shares during the period. Hedge funds and other institutional investors own 89.19% of the company’s stock.

DXC Technology Stock Performance

Shares of DXC stock opened at $25.51 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.78. The firm has a fifty day moving average price of $28.28 and a 200 day moving average price of $27.62. The company has a market cap of $5.81 billion, a P/E ratio of 8.68, a PEG ratio of 0.94 and a beta of 1.95. DXC Technology has a 12 month low of $22.65 and a 12 month high of $36.00.

DXC Technology (NYSE:DXC – Get Rating) last issued its earnings results on Wednesday, February 1st. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.11. DXC Technology had a net margin of 4.84% and a return on equity of 15.44%. The firm had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share. The company’s revenue was down 12.8% compared to the same quarter last year. Sell-side analysts predict that DXC Technology will post 3.47 earnings per share for the current fiscal year.

Insider Buying and Selling at DXC Technology

In other DXC Technology news, EVP William L. Deckelman, Jr. sold 33,331 shares of the company’s stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $29.05, for a total value of $968,265.55. Following the completion of the transaction, the executive vice president now owns 157,128 shares in the company, valued at $4,564,568.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.47% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DXC shares. Moffett Nathanson lowered DXC Technology from a “market perform” rating to an “underperform” rating and cut their target price for the company from $32.00 to $28.00 in a research report on Thursday, January 19th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of DXC Technology from $48.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, February 2nd. TheStreet upgraded shares of DXC Technology from a “c” rating to a “b-” rating in a research note on Wednesday, February 1st. JPMorgan Chase & Co. upgraded shares of DXC Technology from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $31.00 to $33.00 in a research note on Thursday, December 15th. Finally, Morgan Stanley dropped their price target on shares of DXC Technology from $30.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, January 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $33.45.

DXC Technology Company Profile

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DXC Technology Co provides technology consulting, outsourcing and support services. It operates through the following segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment provides technology solutions that help clients address challenges and accelerate the digital transformations that are tailored to each client’s specific objectives.