DXC Technology (NYSE:DXC) Shares Bought by Caxton Associates LP

Caxton Associates LP boosted its holdings in shares of DXC Technology (NYSE:DXC) by 82.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,073 shares of the company’s stock after acquiring an additional 33,106 shares during the period. Caxton Associates LP’s holdings in DXC Technology were worth $1,550,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. raised its position in shares of DXC Technology by 1.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 28,500 shares of the company’s stock valued at $652,000 after buying an additional 500 shares during the last quarter. Covestor Ltd raised its position in shares of DXC Technology by 2.5% in the first quarter. Covestor Ltd now owns 33,110 shares of the company’s stock valued at $702,000 after buying an additional 820 shares during the last quarter. Equitable Trust Co. increased its position in DXC Technology by 6.9% during the fourth quarter. Equitable Trust Co. now owns 16,288 shares of the company’s stock worth $373,000 after purchasing an additional 1,045 shares during the last quarter. Schechter Investment Advisors LLC increased its position in DXC Technology by 16.8% during the fourth quarter. Schechter Investment Advisors LLC now owns 11,876 shares of the company’s stock worth $272,000 after purchasing an additional 1,704 shares during the last quarter. Finally, IMA Wealth Inc. increased its position in DXC Technology by 2.6% during the first quarter. IMA Wealth Inc. now owns 72,380 shares of the company’s stock worth $1,535,000 after purchasing an additional 1,844 shares during the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Stifel Nicolaus dropped their price target on shares of DXC Technology from $21.00 to $19.00 and set a “hold” rating for the company in a research report on Friday, May 17th. BMO Capital Markets dropped their price target on shares of DXC Technology from $23.00 to $17.50 and set a “market perform” rating for the company in a research report on Friday, May 17th. Morgan Stanley decreased their price objective on shares of DXC Technology from $21.00 to $18.00 and set an “equal weight” rating for the company in a research note on Friday, May 17th. TD Cowen decreased their price objective on shares of DXC Technology from $22.00 to $18.00 and set a “hold” rating for the company in a research note on Tuesday, May 21st. Finally, Royal Bank of Canada decreased their price objective on shares of DXC Technology from $24.00 to $18.00 and set a “sector perform” rating for the company in a research note on Friday, May 17th. Three analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat.com, DXC Technology presently has an average rating of “Hold” and an average target price of $20.14.

DXC Technology Stock Up 0.3 %

Shares of DXC stock traded up $0.07 on Tuesday, hitting $20.21. The stock had a trading volume of 98,866 shares, compared to its average volume of 2,539,735. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 54.57, a P/E/G ratio of 2.29 and a beta of 1.73. The stock’s 50 day moving average is $18.01 and its 200-day moving average is $19.96. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.17 and a current ratio of 1.17. DXC Technology has a 52-week low of $14.78 and a 52-week high of $28.01.

DXC Technology (NYSE:DXC) last announced its earnings results on Thursday, May 16th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.14. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.37 billion. DXC Technology had a net margin of 0.67% and a return on equity of 18.43%. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.02 earnings per share. As a group, research analysts expect that DXC Technology will post 2.73 earnings per share for the current year.

DXC Technology 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).