Schechter Investment Advisors LLC Increases Stock Holdings in DXC Technology (NYSE:DXC)

Schechter Investment Advisors LLC grew its position in DXC Technology (NYSE:DXCFree Report) by 16.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,876 shares of the company’s stock after purchasing an additional 1,704 shares during the period. Schechter Investment Advisors LLC’s holdings in DXC Technology were worth $272,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DXC. American Century Companies Inc. increased its position in shares of DXC Technology by 52.2% in the first quarter. American Century Companies Inc. now owns 80,959 shares of the company’s stock valued at $2,641,000 after buying an additional 27,781 shares in the last quarter. US Bancorp DE boosted its stake in shares of DXC Technology by 10.6% during the first quarter. US Bancorp DE now owns 20,835 shares of the company’s stock valued at $681,000 after acquiring an additional 1,993 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of DXC Technology by 11.7% during the first quarter. HighTower Advisors LLC now owns 8,776 shares of the company’s stock valued at $284,000 after acquiring an additional 921 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of DXC Technology by 432.5% during the first quarter. Acadian Asset Management LLC now owns 16,497 shares of the company’s stock valued at $538,000 after acquiring an additional 13,399 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its stake in shares of DXC Technology by 19.3% during the first quarter. MetLife Investment Management LLC now owns 66,501 shares of the company’s stock valued at $2,170,000 after acquiring an additional 10,773 shares during the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Guggenheim assumed coverage on DXC Technology in a research note on Tuesday, March 19th. They set a “neutral” rating and a $22.00 price objective on the stock. Citigroup lowered DXC Technology from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $24.00 to $21.00 in a research note on Wednesday, January 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 price objective on shares of DXC Technology in a research note on Friday, February 2nd. Finally, JPMorgan Chase & Co. lowered DXC Technology from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $27.00 to $24.00 in a research note on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat.com, DXC Technology has a consensus rating of “Hold” and an average target price of $23.20.

Check Out Our Latest Research Report on DXC

DXC Technology Stock Performance

NYSE DXC opened at $21.21 on Friday. The firm has a market capitalization of $3.88 billion, a P/E ratio of -11.10, a P/E/G ratio of 2.17 and a beta of 1.86. DXC Technology has a 1-year low of $18.61 and a 1-year high of $28.89. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.11 and a quick ratio of 1.11. The business’s 50-day simple moving average is $21.48 and its 200-day simple moving average is $21.91.

DXC Technology (NYSE:DXCGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.10. The business had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.36 billion. DXC Technology had a positive return on equity of 19.00% and a negative net margin of 3.35%. The company’s revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 EPS. Equities analysts predict that DXC Technology will post 3.03 EPS for the current year.

Insider Activity

In related news, EVP William L. Deckelman, Jr. sold 18,102 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $21.73, for a total transaction of $393,356.46. Following the sale, the executive vice president now directly owns 124,806 shares in the company, valued at approximately $2,712,034.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.87% of the company’s stock.

DXC Technology Company Profile

(Free Report)

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).

See Also

Want to see what other hedge funds are holding DXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DXC Technology (NYSE:DXCFree Report).

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

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