9,584 Shares in DXC Technology (NYSE:DXC) Purchased by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. purchased a new stake in DXC Technology (NYSE:DXC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,584 shares of the company’s stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds also recently modified their holdings of DXC. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of DXC Technology by 12.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,127 shares of the company’s stock worth $878,000 after acquiring an additional 4,798 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of DXC Technology by 3.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 101,966 shares of the company’s stock valued at $2,124,000 after purchasing an additional 3,365 shares during the last quarter. Lee Danner & Bass Inc. grew its stake in shares of DXC Technology by 26.3% during the 3rd quarter. Lee Danner & Bass Inc. now owns 214,139 shares of the company’s stock valued at $4,461,000 after buying an additional 44,560 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of DXC Technology by 195.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 119,657 shares of the company’s stock worth $2,492,000 after buying an additional 79,096 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of DXC Technology by 75.2% in the 3rd quarter. Fifth Third Bancorp now owns 15,523 shares of the company’s stock worth $323,000 after buying an additional 6,661 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Stock Up 1.0 %

Shares of NYSE:DXC opened at $19.89 on Thursday. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of -10.41, a price-to-earnings-growth ratio of 1.72 and a beta of 1.85. The company has a 50 day moving average of $20.56 and a two-hundred day moving average of $21.79. DXC Technology has a 52-week low of $18.61 and a 52-week high of $28.89. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.15.

Insider Activity

In related 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

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

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).