Dimensional Fund Advisors LP Has $141.51 Million Stock Holdings in DXC Technology Company. $DXC

Dimensional Fund Advisors LP decreased its position in DXC Technology Company. (NYSE:DXC) by 1.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 10,382,302 shares of the company’s stock after selling 129,585 shares during the period. Dimensional Fund Advisors LP owned about 5.96% of DXC Technology worth $141,510,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of DXC. EverSource Wealth Advisors LLC raised its holdings in shares of DXC Technology by 240.6% in the second 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 boosted its holdings in DXC Technology by 38.2% during the third quarter. Smartleaf Asset Management LLC now owns 2,814 shares of the company’s stock worth $38,000 after purchasing an additional 778 shares during the last quarter. Headlands Technologies LLC acquired a new position in DXC Technology during the second quarter worth $39,000. Rothschild Investment LLC grew its position in DXC Technology by 609.8% in the third quarter. Rothschild Investment LLC now owns 2,981 shares of the company’s stock valued at $41,000 after purchasing an additional 2,561 shares in the last quarter. Finally, Allworth Financial LP grew its position in DXC Technology by 68.9% in the second quarter. Allworth Financial LP now owns 3,330 shares of the company’s stock valued at $51,000 after purchasing an additional 1,359 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

Insider Activity

In related news, CEO Raul J. Fernandez bought 16,446 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was bought at an average price of $15.24 per share, for a total transaction 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 represents a 2.06% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $15.15, for a total transaction of $37,875.00. Following the sale, the senior vice president directly owned 88,605 shares of the company’s stock, valued at $1,342,365.75. The trade was a 2.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.61% of the stock is owned by corporate insiders.

DXC Technology Stock Down 1.9%

Shares of DXC stock opened at $12.28 on Wednesday. DXC Technology Company. has a 52-week low of $11.61 and a 52-week high of $17.97. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 5.27 and a beta of 1.10. The firm’s 50-day moving average is $13.93 and its 200-day moving average is $13.89. 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 released its quarterly earnings data on Thursday, January 29th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.13. DXC Technology had a return on equity of 17.56% and a net margin of 3.34%.The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same quarter in the prior year, the company earned $0.92 earnings per share. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. Sell-side analysts predict that DXC Technology Company. will post 3.35 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Zacks Research downgraded shares of DXC Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Wall Street Zen upgraded DXC Technology from a “hold” rating to a “buy” rating in a report on Saturday. BMO Capital Markets increased their price target 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, Wolfe Research set a $13.00 price target on DXC Technology and gave the company an “underperform” rating in a research note on Friday, January 30th. Seven equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $14.71.

DXC Technology Company 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.