DXC Technology (NYSE:DXC) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in DXC Technology (NYSE:DXC) by 165.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 82,550 shares of the company’s stock after purchasing an additional 51,409 shares during the period. SG Americas Securities LLC’s holdings in DXC Technology were worth $1,888,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DXC. Quarry LP acquired a new position in shares of DXC Technology in the second quarter worth $25,000. Belpointe Asset Management LLC grew its stake in shares of DXC Technology by 656.6% in the first quarter. Belpointe Asset Management LLC now owns 1,150 shares of the company’s stock worth $29,000 after acquiring an additional 998 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of DXC Technology by 163.0% in the fourth quarter. Lazard Asset Management LLC now owns 1,315 shares of the company’s stock worth $34,000 after acquiring an additional 815 shares in the last quarter. Penserra Capital Management LLC acquired a new position in shares of DXC Technology in the second quarter worth $39,000. Finally, Coppell Advisory Solutions LLC acquired a new position in shares of DXC Technology in the second quarter worth $41,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

Insider Activity at DXC Technology

In related news, EVP William L. Deckelman, Jr. sold 18,102 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $21.73, for a total value of $393,356.46. Following the completion of the sale, the executive vice president now directly owns 124,806 shares of the company’s stock, valued at $2,712,034.38. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.87% of the stock is owned by corporate insiders.

DXC Technology Price Performance

Shares of DXC opened at $21.06 on Thursday. DXC Technology has a 1-year low of $18.61 and a 1-year high of $28.89. The stock has a market cap of $3.85 billion, a PE ratio of -11.03, a price-to-earnings-growth ratio of 2.13 and a beta of 1.86. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a fifty day moving average price of $21.55 and a 200 day moving average price of $21.91.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.10. DXC Technology had a negative net margin of 3.35% and a positive return on equity of 19.00%. The firm had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.36 billion. During the same period in the previous year, the company earned $0.95 earnings per share. DXC Technology’s quarterly revenue was down 4.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that DXC Technology will post 3.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DXC shares. Royal Bank of Canada restated a “sector perform” rating and issued a $24.00 price target on shares of DXC Technology in a research note on Friday, February 2nd. Guggenheim initiated coverage on shares of DXC Technology in a research report on Tuesday, March 19th. They set a “neutral” rating and a $22.00 price objective for the company. JPMorgan Chase & Co. cut shares of DXC Technology from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $27.00 to $24.00 in a research report on Wednesday, January 24th. Finally, Citigroup cut shares of DXC Technology from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $24.00 to $21.00 in a research report on Wednesday, January 17th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $23.20.

DXC Technology Profile

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).