DXC Technology (NYSE:DXC) Shares Purchased by Seven Eight Capital LP

Seven Eight Capital LP increased its position in shares of DXC Technology (NYSE:DXC) by 22.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,371 shares of the company’s stock after purchasing an additional 19,384 shares during the period. Seven Eight Capital LP owned 0.06% of DXC Technology worth $2,031,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Glenview Capital Management LLC grew its stake in shares of DXC Technology by 33.6% during the fourth quarter. Glenview Capital Management LLC now owns 13,006,623 shares of the company’s stock worth $297,461,000 after purchasing an additional 3,272,212 shares in the last quarter. FIL Ltd grew its stake in shares of DXC Technology by 4.2% during the fourth quarter. FIL Ltd now owns 6,598,101 shares of the company’s stock worth $150,899,000 after purchasing an additional 267,480 shares in the last quarter. American Century Companies Inc. grew its stake in shares of DXC Technology by 20.8% during the second quarter. American Century Companies Inc. now owns 3,991,295 shares of the company’s stock worth $76,194,000 after purchasing an additional 687,522 shares in the last quarter. LSV Asset Management grew its stake in shares of DXC Technology by 0.8% during the second quarter. LSV Asset Management now owns 3,436,128 shares of the company’s stock worth $65,596,000 after purchasing an additional 26,186 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of DXC Technology by 1.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 3,184,365 shares of the company’s stock worth $67,615,000 after purchasing an additional 55,467 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Price Performance

Shares of NYSE:DXC opened at $21.03 on Thursday. The company has a 50-day simple moving average of $19.96 and a 200-day simple moving average of $19.43. DXC Technology has a one year low of $14.78 and a one year high of $25.14. 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 stock has a market capitalization of $3.79 billion, a price-to-earnings 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 analysts’ consensus estimates of $0.57 by $0.17. DXC Technology had a net margin of 0.60% and a return on equity of 19.20%. The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.14 billion. On average, analysts predict that DXC Technology will post 2.89 EPS for the current year.

Insider Buying and Selling

In related news, SVP Christopher Anthony Voci sold 2,500 shares of the stock in a transaction dated 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 directly owns 83,746 shares of the company’s stock, valued at $1,789,652.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Christopher Anthony Voci sold 2,500 shares of the stock in a transaction dated 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 directly owns 83,746 shares of the company’s stock, valued at $1,789,652.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mary E. Finch sold 31,047 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $19.36, for a total transaction of $601,069.92. Following the transaction, the executive vice president now directly owns 325,665 shares of the company’s stock, valued at $6,304,874.40. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DXC. JPMorgan Chase & Co. upped their price objective on shares of DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a research note on Friday, September 6th. BMO Capital Markets upped their price objective on shares of DXC Technology from $17.50 to $22.00 and gave the company a “market perform” rating in a research note on Friday, August 9th. Royal Bank of Canada upped their price objective on shares of DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Finally, Susquehanna upped their price objective on shares of DXC Technology from $15.00 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. Three equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, DXC Technology presently has an average rating of “Hold” and an average target price of $20.30.

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).