Dimensional Fund Advisors LP Reduces Stock Position in DXC Technology (NYSE:DXC)

Dimensional Fund Advisors LP cut its stake in DXC Technology (NYSE:DXC) by 0.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,816,421 shares of the company’s stock after selling 12,817 shares during the period. Dimensional Fund Advisors LP owned approximately 5.45% of DXC Technology worth $187,394,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. increased its holdings in DXC Technology by 55.0% in the second quarter. Mather Group LLC. now owns 1,637 shares of the company’s stock valued at $35,000 after buying an additional 581 shares in the last quarter. Family Firm Inc. purchased a new position in DXC Technology in the second quarter valued at about $37,000. Fifth Third Bancorp increased its holdings in DXC Technology by 40.1% in the second quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock valued at $37,000 after buying an additional 559 shares in the last quarter. Quarry LP purchased a new position in DXC Technology in the fourth quarter valued at about $51,000. Finally, Innealta Capital LLC purchased a new position in DXC Technology in the second quarter valued at about $96,000. 96.20% of the stock is owned by hedge funds and other institutional investors.

DXC Technology Stock Up 0.1 %

Shares of NYSE DXC opened at $21.06 on Friday. DXC Technology has a 1 year low of $14.78 and a 1 year high of $25.14. The firm’s 50 day moving average price is $20.00 and its 200 day moving average price is $19.44. The firm has a market cap of $3.80 billion, a P/E ratio of 56.92, a price-to-earnings-growth ratio of 1.82 and a beta of 1.67. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.21 and a current ratio of 1.21.

DXC Technology (NYSE:DXC) last announced its earnings results on Thursday, August 8th. The company reported $0.74 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.14 billion. As a group, sell-side analysts anticipate that DXC Technology will post 2.89 earnings per share for the current year.

Analyst Ratings Changes

DXC has been the subject of a number of research analyst reports. BMO Capital Markets increased their target price on shares of DXC Technology from $17.50 to $22.00 and gave the company a “market perform” rating in a report on Friday, August 9th. Royal Bank of Canada raised their price objective on shares of DXC Technology from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Susquehanna raised their price objective on shares of DXC Technology from $15.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 12th. Finally, JPMorgan Chase & Co. raised their price objective on shares of DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $20.30.

Insider Buying and Selling at DXC Technology

In other DXC Technology news, EVP Mary E. Finch sold 31,047 shares of DXC Technology stock in a transaction on Monday, August 12th. The shares were sold at an average price of $19.36, for a total value of $601,069.92. Following the transaction, the executive vice president now owns 325,665 shares in the company, valued at approximately $6,304,874.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction on Friday, September 13th. The shares were sold at an average price of $21.37, for a total value 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. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mary E. Finch sold 31,047 shares of DXC Technology stock in a transaction on Monday, August 12th. The shares were sold at an average price of $19.36, for a total transaction of $601,069.92. Following the completion of the transaction, the executive vice president now owns 325,665 shares in the company, valued at approximately $6,304,874.40. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

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).