DXC Technology Company. $DXC Position Boosted by Arnhold LLC

Arnhold LLC boosted its position in DXC Technology Company. (NYSE:DXC) by 24.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 790,475 shares of the company’s stock after buying an additional 157,775 shares during the quarter. Arnhold LLC owned approximately 0.45% of DXC Technology worth $10,774,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada increased its holdings in shares of DXC Technology by 156.3% in the 1st quarter. Royal Bank of Canada now owns 99,930 shares of the company’s stock valued at $1,703,000 after acquiring an additional 60,935 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in DXC Technology by 4.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,239,558 shares of the company’s stock worth $21,134,000 after purchasing an additional 49,228 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in DXC Technology by 4.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 735,597 shares of the company’s stock valued at $12,542,000 after purchasing an additional 34,544 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of DXC Technology by 33.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 21,465 shares of the company’s stock worth $328,000 after purchasing an additional 5,408 shares during the period. Finally, CWM LLC raised its holdings in shares of DXC Technology by 432.6% during the second quarter. CWM LLC now owns 22,615 shares of the company’s stock worth $346,000 after purchasing an additional 18,369 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Trading Up 2.9%

Shares of DXC stock opened at $13.38 on Monday. DXC Technology Company. has a 1 year low of $11.82 and a 1 year high of $21.35. The firm has a market capitalization of $2.27 billion, a PE ratio of 5.74 and a beta of 1.07. The stock has a fifty day moving average of $14.75 and a two-hundred day moving average of $13.99. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.35 and a current ratio of 1.35.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.13. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.18 billion. DXC Technology had a return on equity of 17.56% and a net margin of 3.34%.The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the company earned $0.92 earnings per share. As a group, research analysts expect that DXC Technology Company. will post 3.35 EPS for the current year.

Insider Activity at DXC Technology

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DXC. Stifel Nicolaus lowered their price objective on shares of DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Friday, October 31st. Wolfe Research set a $13.00 target price on DXC Technology and gave the company an “underperform” rating in a report on Friday, January 30th. Susquehanna set a $14.00 price target on DXC Technology and gave the stock a “neutral” rating in a report on Friday, October 31st. BMO Capital Markets boosted their price objective on DXC Technology from $15.00 to $17.00 and gave the company a “market perform” rating in a research report on Tuesday, February 3rd. Finally, Wall Street Zen lowered DXC Technology from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, DXC Technology presently has a consensus 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.