Pacer Advisors Inc. Grows Stock Holdings in DXC Technology (NYSE:DXC)

Pacer Advisors Inc. raised its holdings in shares of DXC Technology (NYSE:DXC) by 30.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,240,978 shares of the company’s stock after purchasing an additional 4,489,924 shares during the quarter. DXC Technology accounts for about 0.8% of Pacer Advisors Inc.’s portfolio, making the stock its 29th largest position. Pacer Advisors Inc. owned about 10.67% of DXC Technology worth $367,310,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Canada Pension Plan Investment Board lifted its holdings in shares of DXC Technology by 3,173.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 451,712 shares of the company’s stock valued at $8,623,000 after acquiring an additional 437,912 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in DXC Technology by 4.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 32,800 shares of the company’s stock valued at $626,000 after purchasing an additional 1,500 shares during the period. XTX Topco Ltd lifted its stake in shares of DXC Technology by 37.4% in the 2nd quarter. XTX Topco Ltd now owns 13,601 shares of the company’s stock valued at $260,000 after purchasing an additional 3,699 shares during the last quarter. Seven Eight Capital LP boosted its holdings in shares of DXC Technology by 22.3% in the 2nd quarter. Seven Eight Capital LP now owns 106,371 shares of the company’s stock worth $2,031,000 after purchasing an additional 19,384 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of DXC Technology by 54.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,232 shares of the company’s stock valued at $329,000 after purchasing an additional 6,090 shares during the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

DXC Technology Price Performance

Shares of DXC stock opened at $21.34 on Friday. The company has a market capitalization of $3.85 billion, a P/E ratio of 57.68, a P/E/G ratio of 1.82 and a beta of 1.67. The company’s 50-day simple moving average is $20.07 and its two-hundred day simple moving average is $19.46. 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 current ratio of 1.21 and a quick ratio of 1.21.

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

Insider Activity at DXC Technology

In other DXC Technology news, EVP Mary E. Finch sold 31,047 shares of the stock in a transaction dated Monday, August 12th. The shares were 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 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 this hyperlink. In related news, SVP Christopher Anthony Voci sold 2,500 shares of the business’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 value 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 $1,789,652.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mary E. Finch sold 31,047 shares of the company’s 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 sale, the executive vice president now 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 corporate insiders.

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).