Choreo LLC Invests $186,000 in DXC Technology (NYSE:DXC)

Choreo LLC purchased a new stake in DXC Technology (NYSE:DXC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,004 shares of the company’s stock, valued at approximately $186,000.

Other hedge funds have also recently bought and sold shares of the company. Mather Group LLC. raised its position in shares of DXC Technology by 55.0% in the 2nd quarter. Mather Group LLC. now owns 1,637 shares of the company’s stock valued at $35,000 after purchasing an additional 581 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of DXC Technology by 40.1% in the second quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock worth $37,000 after buying an additional 559 shares during the last quarter. Family Firm Inc. acquired a new stake in DXC Technology in the second quarter valued at $37,000. Quarry LP acquired a new stake in DXC Technology in the fourth quarter valued at $51,000. Finally, Quest Partners LLC bought a new position in DXC Technology during the 4th quarter valued at $104,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Stock Up 1.3 %

Shares of DXC Technology stock opened at $21.34 on Friday. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 57.68, a PEG ratio of 1.82 and a beta of 1.67. DXC Technology has a twelve month low of $14.78 and a twelve month 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 business’s 50 day simple moving average is $20.04 and its 200-day simple moving average is $19.45.

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

Analysts Set New Price Targets

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

Insider Activity at DXC Technology

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $21.37, for a total value of $53,425.00. Following the completion of the transaction, the senior vice president now owns 83,746 shares in the company, valued at approximately $1,789,652.02. The transaction was disclosed in a legal filing with the SEC, which is available 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 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 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mary E. Finch sold 31,047 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $19.36, for a total value of $601,069.92. Following the completion of the transaction, the executive vice president now directly owns 325,665 shares of the company’s stock, valued at approximately $6,304,874.40. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by 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).