Wealth Enhancement Advisory Services LLC raised its holdings in DXC Technology Company. (NYSE:DXC – Free Report) by 94.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,906 shares of the company’s stock after buying an additional 12,611 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in DXC Technology were worth $421,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Range Financial Group LLC grew its position in DXC Technology by 26.1% in the 2nd quarter. Range Financial Group LLC now owns 14,749 shares of the company’s stock valued at $226,000 after buying an additional 3,049 shares during the last quarter. Parallel Advisors LLC increased its position in DXC Technology by 273.9% during the second quarter. Parallel Advisors LLC now owns 6,218 shares of the company’s stock worth $95,000 after purchasing an additional 4,555 shares during the last quarter. Voya Investment Management LLC lifted its stake in shares of DXC Technology by 42.6% in the 1st quarter. Voya Investment Management LLC now owns 330,784 shares of the company’s stock valued at $5,640,000 after purchasing an additional 98,826 shares in the last quarter. Strs Ohio acquired a new position in shares of DXC Technology during the first quarter worth about $1,287,000. Finally, Bayforest Capital Ltd acquired a new position in DXC Technology in the 1st quarter worth $303,000. Hedge funds and other institutional investors own 96.20% of the company’s stock.
DXC Technology Stock Performance
DXC Technology stock opened at $13.65 on Tuesday. The firm has a market capitalization of $2.44 billion, a P/E ratio of 6.63 and a beta of 1.12. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.22 and a quick ratio of 1.22. DXC Technology Company. has a 52-week low of $12.24 and a 52-week high of $24.83. The stock has a fifty day moving average price of $13.89 and a two-hundred day moving average price of $14.86.
Analyst Upgrades and Downgrades
A number of research firms recently commented on DXC. Weiss Ratings reiterated a “sell (d)” rating on shares of DXC Technology in a research note on Saturday, September 27th. Morgan Stanley cut their target price on DXC Technology from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. Royal Bank Of Canada cut their price objective on DXC Technology from $18.00 to $16.00 and set a “sector perform” rating for the company in a research report on Friday, August 1st. JPMorgan Chase & Co. lowered their price target on DXC Technology from $18.00 to $14.00 and set an “underweight” rating on the stock in a report on Wednesday, August 20th. Finally, Wall Street Zen upgraded DXC Technology from a “hold” rating to a “buy” rating in a report on Sunday, July 20th. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, DXC Technology presently has an average rating of “Reduce” and a consensus price target of $15.60.
Get Our Latest Stock Analysis on DXC Technology
Insider Activity at DXC Technology
In related news, SVP Christopher Anthony Voci sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $14.52, for a total transaction of $36,300.00. Following the completion of the sale, the senior vice president directly owned 91,105 shares of the company’s stock, valued at $1,322,844.60. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.61% of the stock is currently owned by corporate insiders.
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).
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