DXC Technology (NYSE:DXC) Shares Acquired by Bessemer Group Inc.

Bessemer Group Inc. boosted its holdings in DXC Technology (NYSE:DXC) by 30.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,125 shares of the company’s stock after purchasing an additional 497 shares during the period. Bessemer Group Inc.’s holdings in DXC Technology were worth $55,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. North Star Investment Management Corp. lifted its holdings in DXC Technology by 3,054.8% during the 1st quarter. North Star Investment Management Corp. now owns 978 shares of the company’s stock worth $25,000 after buying an additional 947 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of DXC Technology by 186.4% during the 1st quarter. Lindbrook Capital LLC now owns 1,283 shares of the company’s stock valued at $33,000 after purchasing an additional 835 shares during the period. Lazard Asset Management LLC boosted its stake in shares of DXC Technology by 163.0% during the 4th quarter. Lazard Asset Management LLC now owns 1,315 shares of the company’s stock worth $34,000 after acquiring an additional 815 shares in the last quarter. Lansing Street Advisors acquired a new stake in shares of DXC Technology in the fourth quarter worth $47,000. Finally, ZRC Wealth Management LLC acquired a new stake in shares of DXC Technology in the first quarter worth $48,000. Hedge funds and other institutional investors own 91.42% of the company’s stock.

Insider Buying and Selling at DXC Technology

In other DXC Technology news, EVP William L. Deckelman, Jr. sold 75,000 shares of DXC Technology stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $20.72, for a total value of $1,554,000.00. Following the sale, the executive vice president now owns 142,908 shares of the company’s stock, valued at approximately $2,961,053.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DXC shares. TD Cowen restated a “market perform” rating and set a $25.00 target price (down from $34.00) on shares of DXC Technology in a report on Thursday, August 3rd. Stifel Nicolaus decreased their price objective on DXC Technology from $30.00 to $25.00 in a report on Friday, May 19th. JPMorgan Chase & Co. decreased their price objective on DXC Technology from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Tuesday, August 22nd. Morgan Stanley reduced their target price on DXC Technology from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, August 4th. Finally, Citigroup downgraded DXC Technology from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $32.00 to $25.00 in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $26.64.

DXC Technology Stock Performance

Shares of DXC Technology stock opened at $20.50 on Friday. The company has a market capitalization of $4.21 billion, a PE ratio of -7.22, a PEG ratio of 1.14 and a beta of 1.94. DXC Technology has a 12 month low of $18.61 and a 12 month high of $30.27. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.08. The stock’s fifty day simple moving average is $24.90 and its 200 day simple moving average is $25.23.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.19). DXC Technology had a positive return on equity of 17.63% and a negative net margin of 4.47%. The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same period in the previous year, the business posted $0.75 EPS. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. On average, research analysts predict that DXC Technology will post 3.16 EPS for the current year.

DXC Technology Company Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily 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).