Christopher Anthony Voci Sells 2,500 Shares of DXC Technology (NYSE:DXC) Stock

DXC Technology (NYSE:DXC) 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 transaction of $53,425.00. Following the completion of the transaction, the senior vice president now owns 83,746 shares of the company’s stock, valued at approximately $1,789,652.02. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

DXC Technology Stock Performance

Shares of DXC Technology stock opened at $21.03 on Thursday. The business has a 50-day moving average price of $19.96 and a two-hundred day moving average price of $19.43. DXC Technology has a 1-year low of $14.78 and a 1-year high of $25.14. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.21. The company has a market cap of $3.79 billion, a P/E ratio of 56.84, a PEG ratio of 1.82 and a beta of 1.67.

DXC Technology (NYSE:DXC) last announced its earnings results on Thursday, August 8th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.57 by $0.17. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.14 billion. DXC Technology had a return on equity of 19.20% and a net margin of 0.60%. As a group, analysts anticipate that DXC Technology will post 2.89 EPS for the current year.

Institutional Trading of DXC Technology

Large investors have recently modified their holdings of the stock. William B. Walkup & Associates Inc. acquired a new position in shares of DXC Technology during the 2nd quarter valued at $26,000. Mather Group LLC. raised its holdings in shares of DXC Technology by 55.0% during the second quarter. Mather Group LLC. now owns 1,637 shares of the company’s stock valued at $35,000 after purchasing an additional 581 shares during the period. Fifth Third Bancorp boosted its position 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 purchasing an additional 559 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of DXC Technology in the 2nd quarter valued at about $37,000. Finally, Quarry LP acquired a new stake in shares of DXC Technology in the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DXC. Susquehanna upped their price target on shares of DXC Technology from $15.00 to $19.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. BMO Capital Markets increased their price objective on DXC Technology from $17.50 to $22.00 and gave the company a “market perform” rating in a report on Friday, August 9th. JPMorgan Chase & Co. lifted their target price on DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Friday, September 6th. Finally, 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 research note on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $20.30.

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).