Creative Planning Has $386,000 Stock Position in DXC Technology (NYSE:DXC)

Creative Planning trimmed its position in DXC Technology (NYSE:DXC) by 38.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,609 shares of the company’s stock after selling 11,384 shares during the quarter. Creative Planning’s holdings in DXC Technology were worth $386,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DXC. Janney Montgomery Scott LLC boosted its holdings in shares of DXC Technology by 40.4% in the first quarter. Janney Montgomery Scott LLC now owns 16,693 shares of the company’s stock worth $354,000 after buying an additional 4,805 shares during the period. Quantbot Technologies LP acquired a new stake in shares of DXC Technology in the first quarter worth $2,982,000. Empowered Funds LLC acquired a new stake in shares of DXC Technology in the first quarter worth $232,000. Clifford Capital Partners LLC lifted its stake in shares of DXC Technology by 3.3% in the first quarter. Clifford Capital Partners LLC now owns 573,290 shares of the company’s stock worth $12,159,000 after buying an additional 18,446 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of DXC Technology by 41.8% in the first quarter. Sei Investments Co. now owns 327,080 shares of the company’s stock worth $6,937,000 after buying an additional 96,398 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DXC Technology

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of the business’s stock in a transaction 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 owns 83,746 shares of the company’s stock, valued at $1,789,652.02. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Mary E. Finch sold 31,047 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $19.36, for a total value 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Christopher Anthony Voci sold 2,500 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $21.37, for a total transaction of $53,425.00. Following the completion of the sale, the senior vice president now directly owns 83,746 shares in the company, valued at approximately $1,789,652.02. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

DXC Technology Price Performance

NYSE:DXC opened at $22.56 on Friday. The stock has a market cap of $4.08 billion, a P/E ratio of 66.35, a PEG ratio of 1.79 and a beta of 1.67. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.21 and a quick ratio of 1.21. The company has a fifty day moving average price of $20.66 and a 200 day moving average price of $19.41. DXC Technology has a one year low of $14.78 and a one year high of $25.14.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of DXC Technology from $17.50 to $22.00 and gave the stock a “market perform” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. upped their target price on shares of DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a research note on Friday, September 6th. Finally, Royal Bank of Canada upped their target price on shares of DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.11.

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).