Oak Thistle LLC Acquires New Stake in DXC Technology (NYSE:DXC)

Oak Thistle LLC acquired a new stake in shares of DXC Technology (NYSE:DXCFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,646 shares of the company’s stock, valued at approximately $701,000.

Other hedge funds also recently bought and sold shares of the company. Invesco Ltd. increased its position in DXC Technology by 9.5% in the third quarter. Invesco Ltd. now owns 17,080,376 shares of the company’s stock worth $355,784,000 after buying an additional 1,478,484 shares in the last quarter. BlackRock Inc. increased its position in DXC Technology by 1.0% in the second quarter. BlackRock Inc. now owns 15,840,800 shares of the company’s stock worth $423,266,000 after buying an additional 162,032 shares in the last quarter. Pacer Advisors Inc. increased its position in DXC Technology by 86.8% in the fourth quarter. Pacer Advisors Inc. now owns 8,234,245 shares of the company’s stock worth $188,317,000 after buying an additional 3,827,176 shares in the last quarter. State Street Corp increased its position in DXC Technology by 2.2% in the second quarter. State Street Corp now owns 8,103,448 shares of the company’s stock worth $216,524,000 after buying an additional 176,003 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in DXC Technology by 0.6% in the first quarter. Geode Capital Management LLC now owns 5,008,256 shares of the company’s stock worth $127,965,000 after buying an additional 30,979 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Guggenheim assumed coverage on DXC Technology in a research report on Tuesday, March 19th. They issued a “neutral” rating and a $22.00 price target for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $24.00 price target on shares of DXC Technology in a research report on Friday, February 2nd. JPMorgan Chase & Co. lowered DXC Technology from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $27.00 to $24.00 in a research note on Wednesday, January 24th. Finally, Citigroup lowered DXC Technology from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $24.00 to $21.00 in a research note on Wednesday, January 17th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $23.20.

Check Out Our Latest Research Report on DXC Technology

Insider Transactions at DXC Technology

In other DXC Technology news, EVP William L. Deckelman, Jr. sold 18,102 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $21.73, for a total transaction of $393,356.46. Following the transaction, the executive vice president now directly owns 124,806 shares in the company, valued at approximately $2,712,034.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.87% of the company’s stock.

DXC Technology Price Performance

Shares of DXC Technology stock opened at $21.06 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.15. The stock has a 50 day moving average of $21.39 and a 200 day moving average of $21.94. DXC Technology has a 12 month low of $18.61 and a 12 month high of $28.89. The firm has a market cap of $3.85 billion, a PE ratio of -11.02, a PEG ratio of 2.19 and a beta of 1.85.

DXC Technology (NYSE:DXCGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.10. DXC Technology had a positive return on equity of 19.00% and a negative net margin of 3.35%. The firm had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same period in the prior year, the business posted $0.95 earnings per share. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, research analysts expect that DXC Technology will post 3.03 EPS for the current fiscal year.

DXC Technology Profile

(Free Report)

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily 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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Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)

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