Dohj LLC Acquires New Holdings in DXC Technology (NYSE:DXC)

Dohj LLC acquired a new stake in shares of DXC Technology (NYSE:DXC) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 6,983 shares of the company’s stock, valued at approximately $272,000.

A number of other hedge funds have also modified their holdings of the stock. River Road Asset Management LLC increased its holdings in DXC Technology by 8.6% during the second quarter. River Road Asset Management LLC now owns 2,190,448 shares of the company’s stock valued at $85,296,000 after buying an additional 173,604 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in DXC Technology during the second quarter valued at approximately $553,000. Principal Financial Group Inc. increased its holdings in DXC Technology by 1.5% during the second quarter. Principal Financial Group Inc. now owns 310,823 shares of the company’s stock valued at $12,103,000 after buying an additional 4,471 shares during the period. Toronto Dominion Bank increased its holdings in DXC Technology by 18.6% during the second quarter. Toronto Dominion Bank now owns 141,768 shares of the company’s stock valued at $5,520,000 after buying an additional 22,236 shares during the period. Finally, Ethic Inc. purchased a new position in DXC Technology during the second quarter valued at approximately $352,000. 85.38% of the stock is currently owned by institutional investors.

Several equities analysts have issued reports on the stock. Susquehanna Bancshares raised shares of DXC Technology from a “neutral” rating to a “positive” rating and set a $42.00 price target on the stock in a report on Tuesday, August 24th. JPMorgan Chase & Co. lowered shares of DXC Technology from a “neutral” rating to an “underweight” rating and lifted their price target for the stock from $42.00 to $45.00 in a report on Tuesday, August 17th. Royal Bank of Canada lifted their price target on shares of DXC Technology from $42.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of DXC Technology from $44.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, July 21st. Finally, Wells Fargo & Company raised shares of DXC Technology from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $26.00 to $48.00 in a report on Wednesday, June 2nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, DXC Technology currently has a consensus rating of “Buy” and an average target price of $43.58.

Shares of DXC remained flat at $$35.38 during trading hours on Wednesday. 20,599 shares of the stock were exchanged, compared to its average volume of 2,586,863. The company has a market capitalization of $8.91 billion, a PE ratio of 28.08, a P/E/G ratio of 0.35 and a beta of 2.44. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.76. DXC Technology has a 12-month low of $15.64 and a 12-month high of $44.18. The stock has a 50-day simple moving average of $38.37 and a two-hundred day simple moving average of $35.50.

DXC Technology (NYSE:DXC) last posted its earnings results on Wednesday, August 4th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.10 billion. DXC Technology had a net margin of 1.92% and a return on equity of 14.72%. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 earnings per share. On average, analysts anticipate that DXC Technology will post 3.6 EPS for the current fiscal year.

In other DXC Technology news, Director Raul J. Fernandez acquired 1,324 shares of the firm’s stock in a transaction on Wednesday, September 1st. The stock was bought at an average cost of $33.88 per share, for a total transaction of $44,857.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raul J. Fernandez bought 1,195 shares of DXC Technology stock in a transaction dated Friday, August 13th. The shares were purchased at an average cost of $40.99 per share, for a total transaction of $48,983.05. The disclosure for this purchase can be found here. Insiders purchased a total of 17,791 shares of company stock worth $684,089 over the last ninety days. Insiders own 0.39% of the company’s stock.

DXC Technology Company Profile

DXC Technology Co provides technology consulting, outsourcing and support services. It operates through the following segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment provides technology solutions that help clients address challenges and accelerates the digital transformations that is tailored to each client’s specific objectives.

Read More: Cost of Goods Sold (COGS)

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Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)

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