Andra AP fonden Reduces Stock Holdings in DXC Technology Company. $DXC

Andra AP fonden lessened its stake in shares of DXC Technology Company. (NYSE:DXC) by 84.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,852 shares of the company’s stock after selling 102,365 shares during the quarter. Andra AP fonden’s holdings in DXC Technology were worth $257,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DXC. Waterfront Wealth Inc. grew its stake in DXC Technology by 818.6% during the 3rd quarter. Waterfront Wealth Inc. now owns 142,192 shares of the company’s stock worth $1,886,000 after buying an additional 126,713 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of DXC Technology by 93.7% in the second quarter. Hsbc Holdings PLC now owns 588,791 shares of the company’s stock valued at $9,003,000 after acquiring an additional 284,882 shares during the period. Marex Group plc acquired a new stake in shares of DXC Technology in the second quarter valued at approximately $1,697,000. AGF Management Ltd. grew its position in shares of DXC Technology by 35.9% during the second quarter. AGF Management Ltd. now owns 198,408 shares of the company’s stock worth $3,034,000 after acquiring an additional 52,367 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its holdings in shares of DXC Technology by 893.2% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 379,400 shares of the company’s stock valued at $5,801,000 after acquiring an additional 341,200 shares during the period. 96.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Zacks Research upgraded shares of DXC Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. BMO Capital Markets upped their target price on shares of DXC Technology from $15.00 to $17.00 and gave the company a “market perform” rating in a report on Tuesday, February 3rd. Wall Street Zen lowered DXC Technology from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Wolfe Research set a $13.00 price target on DXC Technology and gave the company an “underperform” rating in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, DXC Technology has an average rating of “Reduce” and a consensus target price of $14.71.

DXC Technology Trading Down 0.7%

Shares of DXC Technology stock opened at $12.56 on Monday. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 5.39 and a beta of 1.10. DXC Technology Company. has a 52-week low of $11.61 and a 52-week high of $18.90. The company’s 50-day simple moving average is $14.28 and its 200-day simple moving average is $13.96. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.91.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.96 earnings per share 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 firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 EPS. As a group, equities research analysts anticipate that DXC Technology Company. will post 3.35 earnings per share for the current year.

About DXC Technology

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.