Investment Management Associates Inc. ADV Sells 36,120 Shares of DXC Technology (NYSE:DXC)

Investment Management Associates Inc. ADV decreased its position in shares of DXC Technology (NYSE:DXC) by 6.3% in the 3rd quarter, Holdings Channel reports. The firm owned 535,652 shares of the company’s stock after selling 36,120 shares during the quarter. DXC Technology accounts for about 4.3% of Investment Management Associates Inc. ADV’s portfolio, making the stock its 11th largest holding. Investment Management Associates Inc. ADV’s holdings in DXC Technology were worth $11,115,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of DXC Technology by 16.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 133,344 shares of the company’s stock valued at $2,804,000 after acquiring an additional 19,240 shares in the last quarter. Sei Investments Co. increased its stake 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 in the last quarter. Millennium Management LLC increased its stake in shares of DXC Technology by 352.6% in the 2nd quarter. Millennium Management LLC now owns 625,197 shares of the company’s stock valued at $11,935,000 after acquiring an additional 487,072 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake 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 acquiring an additional 9,391 shares in the last quarter. Finally, UniSuper Management Pty Ltd acquired a new stake in DXC Technology in the 1st quarter valued at $882,000. Institutional investors own 96.20% of the company’s stock.

Insider Activity at DXC Technology

In related news, SVP Christopher Anthony Voci sold 2,500 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $21.37, for a total value of $53,425.00. Following the sale, the senior vice president now directly owns 83,746 shares in the company, valued at approximately $1,789,652.02. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on DXC. Susquehanna lifted their price target on shares of DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday. BMO Capital Markets lifted their price target on shares of DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research report on Monday. JPMorgan Chase & Co. lifted their price target on shares of DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a research report on Friday, September 6th. Finally, Royal Bank of Canada lifted their price target on shares of DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, DXC Technology currently has a consensus rating of “Hold” and a consensus target price of $20.89.

DXC Technology Price Performance

Shares of NYSE:DXC opened at $22.77 on Tuesday. The company’s 50-day moving average is $20.72 and its 200 day moving average is $19.41. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $4.12 billion, a P/E ratio of 284.66, a price-to-earnings-growth ratio of 1.89 and a beta of 1.67. DXC Technology has a fifty-two week low of $14.78 and a fifty-two week high of $25.14.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.21. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.21 billion. DXC Technology had a net margin of 0.18% and a return on equity of 20.51%. During the same period in the previous year, the firm earned $0.70 EPS. On average, equities research analysts forecast that DXC Technology will post 2.9 earnings per share for the current year.

About DXC Technology

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).