Mackenzie Financial Corp Buys 115,480 Shares of DXC Technology (NYSE:DXC)

Mackenzie Financial Corp increased its stake in DXC Technology (NYSE:DXC) by 11.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,099,063 shares of the company’s stock after acquiring an additional 115,480 shares during the quarter. Mackenzie Financial Corp owned 0.61% of DXC Technology worth $20,981,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of DXC. Pacer Advisors Inc. grew its position in DXC Technology by 30.4% in the 2nd quarter. Pacer Advisors Inc. now owns 19,240,978 shares of the company’s stock valued at $367,310,000 after purchasing an additional 4,489,924 shares during the period. Glenview Capital Management LLC increased its position in shares of DXC Technology by 33.6% during the fourth quarter. Glenview Capital Management LLC now owns 13,006,623 shares of the company’s stock valued at $297,461,000 after buying an additional 3,272,212 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in shares of DXC Technology by 4,862.5% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 1,031,649 shares of the company’s stock valued at $23,593,000 after buying an additional 1,010,860 shares during the period. Marshall Wace LLP increased its position in shares of DXC Technology by 1,047.3% during the second quarter. Marshall Wace LLP now owns 820,585 shares of the company’s stock valued at $15,665,000 after buying an additional 749,060 shares during the period. Finally, Toronto Dominion Bank grew its holdings in shares of DXC Technology by 683,853.2% during the first quarter. Toronto Dominion Bank now owns 745,509 shares of the company’s stock worth $15,812,000 after purchasing an additional 745,400 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Trading Up 2.0 %

Shares of NYSE:DXC opened at $20.72 on Monday. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 56.00, a PEG ratio of 1.83 and a beta of 1.67. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.21 and a current ratio of 1.21. The stock’s 50-day simple moving average is $20.15 and its two-hundred day simple moving average is $19.43. DXC Technology has a 52-week low of $14.78 and a 52-week high of $25.14.

DXC Technology (NYSE:DXC) last announced its earnings results on Thursday, August 8th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.17. DXC Technology had a return on equity of 19.20% and a net margin of 0.60%. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Analysts expect that DXC Technology will post 2.89 EPS for the current year.

Insider Transactions at DXC Technology

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $21.37, for a total value of $53,425.00. Following the transaction, the senior vice president now owns 83,746 shares of the company’s stock, valued at $1,789,652.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Mary E. Finch sold 31,047 shares of DXC Technology stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $19.36, for a total transaction of $601,069.92. Following the sale, the executive vice president now owns 325,665 shares of the company’s stock, valued at approximately $6,304,874.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $21.37, for a total value of $53,425.00. Following the sale, the senior vice president now directly owns 83,746 shares in the company, valued at approximately $1,789,652.02. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DXC shares. Susquehanna upped their target price on DXC Technology from $15.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 12th. JPMorgan Chase & Co. upped their target price on DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Friday, September 6th. BMO Capital Markets increased their price objective on DXC Technology from $17.50 to $22.00 and gave the stock a “market perform” rating in a report on Friday, August 9th. Finally, Royal Bank of Canada increased their target price on DXC Technology from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $20.30.

About DXC Technology

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