Dynamic Technology Lab Private Ltd Makes New $1.90 Million Investment in DXC Technology (NYSE:DXC)

Dynamic Technology Lab Private Ltd bought a new stake in shares of DXC Technology (NYSE:DXC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 91,755 shares of the company’s stock, valued at approximately $1,904,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Algert Global LLC grew its position in shares of DXC Technology by 283.5% during the 3rd quarter. Algert Global LLC now owns 70,610 shares of the company’s stock valued at $1,465,000 after purchasing an additional 52,200 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of DXC Technology by 109.7% in the 3rd quarter. Cerity Partners LLC now owns 38,752 shares of the company’s stock valued at $804,000 after acquiring an additional 20,269 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of DXC Technology by 4.7% during the third quarter. Pacer Advisors Inc. now owns 20,140,488 shares of the company’s stock valued at $417,915,000 after purchasing an additional 899,510 shares during the period. Moran Wealth Management LLC bought a new stake in DXC Technology in the 3rd quarter worth $2,414,000. Finally, Prospera Private Wealth LLC bought a new stake in shares of DXC Technology in the third quarter worth about $49,000. Institutional investors own 96.20% of the company’s stock.

DXC Technology Stock Performance

DXC stock opened at $22.59 on Tuesday. The business has a 50-day moving average price of $20.82 and a 200 day moving average price of $19.53. DXC Technology has a 1-year low of $14.78 and a 1-year high of $25.14. The company has a market capitalization of $4.09 billion, a P/E ratio of 282.41, a PEG ratio of 1.44 and a beta of 1.67. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25.

DXC Technology (NYSE:DXC) last posted its quarterly 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 business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.21 billion. During the same quarter last year, the company posted $0.70 earnings per share. As a group, equities research analysts forecast that DXC Technology will post 3.18 EPS for the current fiscal year.

Insider Buying and Selling at DXC Technology

In related news, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $21.37, for a total transaction of $53,425.00. Following the transaction, 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 filing with the SEC, which can be accessed through this link. 0.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. Royal Bank of Canada lifted their price objective on DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. BMO Capital Markets lifted their target price on shares of DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a report on Monday, November 11th. Susquehanna upped 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. Finally, JPMorgan Chase & Co. increased their price objective 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. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $20.89.

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).