Zurcher Kantonalbank Zurich Cantonalbank Boosts Position in DXC Technology (NYSE:DXC)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of DXC Technology (NYSE:DXC) by 5.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 44,385 shares of the company’s stock after purchasing an additional 2,258 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in DXC Technology were worth $1,015,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of DXC. Versant Capital Management Inc raised its position in DXC Technology by 3,525.9% during the 4th quarter. Versant Capital Management Inc now owns 2,103 shares of the company’s stock worth $48,000 after buying an additional 2,045 shares during the last quarter. Headlands Technologies LLC purchased a new position in DXC Technology during the 3rd quarter worth approximately $67,000. NBC Securities Inc. purchased a new position in DXC Technology during the 3rd quarter worth approximately $94,000. CWM LLC increased its holdings in shares of DXC Technology by 108.4% during the 3rd quarter. CWM LLC now owns 6,952 shares of the company’s stock valued at $145,000 after purchasing an additional 3,616 shares in the last quarter. Finally, V Square Quantitative Management LLC purchased a new position in shares of DXC Technology during the 3rd quarter valued at approximately $197,000. 96.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at DXC Technology

In other DXC Technology news, EVP William L. Deckelman, Jr. sold 18,102 shares of DXC Technology stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $21.73, for a total transaction of $393,356.46. Following the sale, the executive vice president now owns 124,806 shares of the company’s stock, valued at approximately $2,712,034.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.87% of the stock is owned by corporate insiders.

DXC Technology Price Performance

DXC Technology stock opened at $20.08 on Friday. The company’s fifty day moving average price is $20.85 and its 200 day moving average price is $21.90. DXC Technology has a 1 year low of $18.61 and a 1 year high of $28.89. The stock has a market capitalization of $3.67 billion, a P/E ratio of -10.51, a P/E/G ratio of 1.83 and a beta of 1.85. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.11 and a current ratio of 1.11.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.10. DXC Technology had a negative net margin of 3.35% and a positive return on equity of 19.00%. The firm had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.36 billion. During the same quarter last year, the company earned $0.95 EPS. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, equities research analysts anticipate that DXC Technology will post 3.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DXC. Citigroup lowered shares of DXC Technology from a “neutral” rating to a “sell” rating and cut their target price for the company from $24.00 to $21.00 in a report on Wednesday, January 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 target price on shares of DXC Technology in a report on Friday, February 2nd. JPMorgan Chase & Co. lowered shares of DXC Technology from a “neutral” rating to an “underweight” rating and cut their target price for the company from $27.00 to $24.00 in a report on Wednesday, January 24th. Finally, Guggenheim began coverage on shares of DXC Technology in a report on Tuesday, March 19th. They set a “neutral” rating and a $22.00 target price for the company. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $23.20.

DXC Technology 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).