Gladius Capital Management LP Has $987,000 Stock Holdings in DXC Technology (NYSE:DXC)

Gladius Capital Management LP grew its stake in shares of DXC Technology (NYSE:DXC) by 21.0% during the 3rd quarter, Holdings Channel reports. The firm owned 47,552 shares of the company’s stock after buying an additional 8,269 shares during the period. DXC Technology comprises about 0.1% of Gladius Capital Management LP’s investment portfolio, making the stock its 11th biggest position. Gladius Capital Management LP’s holdings in DXC Technology were worth $987,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Janney Montgomery Scott LLC increased its holdings in DXC Technology by 40.4% during the first quarter. Janney Montgomery Scott LLC now owns 16,693 shares of the company’s stock worth $354,000 after buying an additional 4,805 shares during the last quarter. Empowered Funds LLC acquired a new stake in DXC Technology in the first quarter valued at $232,000. Sei Investments Co. grew its position in shares of DXC Technology by 41.8% in the 1st quarter. Sei Investments Co. now owns 327,080 shares of the company’s stock valued at $6,937,000 after acquiring an additional 96,398 shares during the period. US Bancorp DE increased its stake in shares of DXC Technology by 9.7% during the 1st quarter. US Bancorp DE now owns 48,011 shares of the company’s stock worth $1,018,000 after purchasing an additional 4,228 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of DXC Technology by 3.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 266,718 shares of the company’s stock valued at $5,657,000 after purchasing an additional 9,391 shares during the period. Institutional investors own 96.20% of the company’s stock.

Insider Buying and Selling

In related news, SVP Christopher Anthony Voci sold 2,500 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $21.37, for a total transaction of $53,425.00. Following the completion of the sale, the senior vice president now owns 83,746 shares of the company’s stock, valued at $1,789,652.02. This represents a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is owned by company insiders.

DXC Technology Stock Performance

NYSE DXC opened at $20.81 on Friday. DXC Technology has a 12-month low of $14.78 and a 12-month high of $25.14. The firm has a 50-day moving average price of $20.81 and a two-hundred day moving average price of $19.47. The company has a market capitalization of $3.77 billion, a P/E ratio of 260.16, a P/E/G ratio of 1.35 and a beta of 1.67. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 1.18.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.21. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.21 billion. During the same period in the previous year, the company posted $0.70 earnings per share. Analysts anticipate that DXC Technology will post 3.18 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Susquehanna boosted their price target on DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. BMO Capital Markets boosted their target price on DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a report on Monday, November 11th. Royal Bank of Canada increased their price target on DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, DXC Technology currently has an average rating of “Hold” and an average target price of $20.89.

DXC Technology Company Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions 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).