Pacer Advisors Inc. Buys 899,510 Shares of DXC Technology (NYSE:DXC)

Pacer Advisors Inc. boosted its stake in shares of DXC Technology (NYSE:DXC) by 4.7% in the third quarter, Holdings Channel reports. The institutional investor owned 20,140,488 shares of the company’s stock after purchasing an additional 899,510 shares during the period. DXC Technology accounts for approximately 0.9% of Pacer Advisors Inc.’s portfolio, making the stock its 25th biggest position. Pacer Advisors Inc. owned 0.11% of DXC Technology worth $417,915,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Moran Wealth Management LLC purchased a new stake in DXC Technology during the 3rd quarter valued at $2,414,000. Prospera Private Wealth LLC purchased a new stake in DXC Technology during the 3rd quarter valued at $49,000. Quest Partners LLC purchased a new stake in DXC Technology during the 3rd quarter valued at $97,000. Gladius Capital Management LP boosted its stake in DXC Technology by 21.0% during the 3rd quarter. Gladius Capital Management LP now owns 47,552 shares of the company’s stock valued at $987,000 after purchasing an additional 8,269 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in DXC Technology by 22.3% during the 3rd quarter. Natixis Advisors LLC now owns 223,376 shares of the company’s stock valued at $4,635,000 after purchasing an additional 40,771 shares during the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at DXC Technology

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $21.37, for a total transaction of $53,425.00. Following the sale, the senior vice president now directly owns 83,746 shares of the company’s stock, valued at $1,789,652.02. This trade represents a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by company insiders.

DXC Technology Price Performance

NYSE DXC opened at $21.17 on Thursday. The company has a market capitalization of $3.83 billion, a PE ratio of 264.66, a price-to-earnings-growth ratio of 1.27 and a beta of 1.67. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The business’s fifty day moving average is $20.78 and its 200 day moving average is $19.50. 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 released its earnings results on Thursday, November 7th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 20.42% and a net margin of 0.18%. During the same period in the previous year, the business earned $0.70 earnings per share. Sell-side analysts predict that DXC Technology will post 3.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DXC shares. Royal Bank of Canada raised their price target on DXC Technology from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. BMO Capital Markets raised their price target on DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th. Susquehanna raised their price target on DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. raised their price target on DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $20.89.

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).