DXC Technology Company. $DXC Shares Bought by Waterfront Wealth Inc.

Waterfront Wealth Inc. raised its stake in shares of DXC Technology Company. (NYSE:DXC) by 818.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 142,192 shares of the company’s stock after acquiring an additional 126,713 shares during the period. Waterfront Wealth Inc. owned approximately 0.08% of DXC Technology worth $1,886,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its holdings in DXC Technology by 240.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock valued at $27,000 after purchasing an additional 1,227 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of DXC Technology by 38.2% in the third quarter. Smartleaf Asset Management LLC now owns 2,814 shares of the company’s stock valued at $38,000 after buying an additional 778 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of DXC Technology in the 2nd quarter valued at $39,000. Allworth Financial LP raised its holdings in shares of DXC Technology by 68.9% in the 2nd quarter. Allworth Financial LP now owns 3,330 shares of the company’s stock valued at $51,000 after buying an additional 1,359 shares during the period. Finally, Newbridge Financial Services Group Inc. lifted its stake in DXC Technology by 143.3% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 4,075 shares of the company’s stock worth $62,000 after acquiring an additional 2,400 shares in the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Christopher Anthony Voci sold 2,500 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $15.15, for a total value of $37,875.00. Following the transaction, the senior vice president directly owned 88,605 shares of the company’s stock, valued at $1,342,365.75. This trade represents a 2.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Raul J. Fernandez purchased 16,446 shares of DXC Technology stock in a transaction that occurred on Monday, February 2nd. The stock was bought at an average cost of $15.24 per share, with a total value of $250,637.04. Following the completion of the transaction, the chief executive officer owned 816,001 shares of the company’s stock, valued at $12,435,855.24. The trade was a 2.06% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.61% of the company’s stock.

DXC Technology Stock Up 7.3%

Shares of NYSE DXC opened at $15.22 on Monday. DXC Technology Company. has a 1 year low of $11.82 and a 1 year high of $22.40. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 6.53 and a beta of 1.07. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.35 and a quick ratio of 1.35. The business has a 50-day moving average of $14.75 and a two-hundred day moving average of $14.00.

DXC Technology (NYSE:DXC) last posted its earnings results on Thursday, January 29th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.13. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.18 billion. DXC Technology had a return on equity of 17.56% and a net margin of 3.34%.The firm’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 earnings per share. On average, analysts forecast that DXC Technology Company. will post 3.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DXC has been the subject of several research reports. Wall Street Zen downgraded DXC Technology from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Wolfe Research set a $13.00 price objective on shares of DXC Technology and gave the company an “underperform” rating in a report on Friday, January 30th. Susquehanna set a $14.00 target price on shares of DXC Technology and gave the stock a “neutral” rating in a research note on Friday, October 31st. Zacks Research raised shares of DXC Technology from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Finally, Stifel Nicolaus cut their price objective on DXC Technology from $15.00 to $14.00 and set a “hold” rating on the stock in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, DXC Technology currently has an average rating of “Reduce” and a consensus price target of $14.71.

DXC Technology Profile

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.