Qsemble Capital Management LP Invests $218,000 in DXC Technology (NYSE:DXC)

Qsemble Capital Management LP acquired a new position in shares of DXC Technology (NYSE:DXC) in the third quarter, HoldingsChannel reports. The fund acquired 10,524 shares of the company’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Fifth Third Bancorp increased its holdings in shares of DXC Technology by 40.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock worth $37,000 after buying an additional 559 shares during the last quarter. Mather Group LLC. increased its holdings in shares of DXC Technology by 55.0% during the 2nd quarter. Mather Group LLC. now owns 1,637 shares of the company’s stock worth $35,000 after buying an additional 581 shares during the last quarter. United Services Automobile Association increased its holdings in shares of DXC Technology by 5.0% during the 2nd quarter. United Services Automobile Association now owns 14,333 shares of the company’s stock worth $274,000 after buying an additional 679 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of DXC Technology by 3.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 26,573 shares of the company’s stock worth $507,000 after buying an additional 995 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of DXC Technology by 48.7% during the 3rd quarter. GAMMA Investing LLC now owns 3,425 shares of the company’s stock worth $71,000 after buying an additional 1,122 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DXC Technology

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $21.37, for a total value of $53,425.00. Following the sale, the senior vice president now owns 83,746 shares in the company, valued at approximately $1,789,652.02. This trade represents a 2.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on DXC shares. Susquehanna increased their price target on DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 8th. JPMorgan Chase & Co. increased their price target on DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Friday, September 6th. 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 report on Friday, August 9th. Finally, BMO Capital Markets increased their price target on DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a report on Monday, November 11th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.89.

DXC Technology Stock Performance

Shares of DXC stock opened at $22.38 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. DXC Technology has a one year low of $14.78 and a one year high of $25.14. The company’s 50-day simple moving average is $20.86 and its 200-day simple moving average is $19.57. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 281.66, a PEG ratio of 1.46 and a beta of 1.67.

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

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).