Algert Global LLC Trims Holdings in DXC Technology (NYSE:DXC)

Algert Global LLC lowered its stake in shares of DXC Technology (NYSE:DXC) by 13.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 18,410 shares of the company’s stock after selling 2,934 shares during the period. Algert Global LLC’s holdings in DXC Technology were worth $351,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Mather Group LLC. boosted its position 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 worth $35,000 after buying an additional 581 shares during the period. Fifth Third Bancorp lifted its stake in 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 acquiring an additional 559 shares in the last quarter. Family Firm Inc. acquired a new position in DXC Technology during the 2nd quarter worth about $37,000. Quarry LP purchased a new position in DXC Technology during the 4th quarter valued at about $51,000. Finally, Innealta Capital LLC acquired a new position in DXC Technology in the 2nd quarter valued at about $96,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. BMO Capital Markets increased their price target on shares of DXC Technology from $17.50 to $22.00 and gave the stock a “market perform” rating in a research report on Friday, August 9th. Susquehanna raised 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. Royal Bank of Canada boosted their price target 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. Finally, JPMorgan Chase & Co. increased their price objective on DXC Technology from $19.00 to $22.00 and gave the company 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 issued a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $20.30.

Insider Buying and Selling at DXC Technology

In other news, EVP Mary E. Finch sold 31,047 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 325,665 shares in the company, valued at approximately $6,304,874.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Christopher Anthony Voci sold 2,500 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $21.37, for a total value of $53,425.00. Following the completion of the sale, the senior vice president now directly owns 83,746 shares of the company’s stock, valued at $1,789,652.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mary E. Finch sold 31,047 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 325,665 shares in the company, valued at $6,304,874.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

DXC Technology Stock Performance

Shares of DXC stock opened at $20.47 on Wednesday. The company has a market cap of $3.69 billion, a P/E ratio of 55.31, a PEG ratio of 1.83 and a beta of 1.67. The firm has a fifty day moving average price of $20.25 and a 200 day moving average price of $19.42. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.21. DXC Technology has a 12 month low of $14.78 and a 12 month high of $25.14.

DXC Technology (NYSE:DXC) last released 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. DXC Technology had a return on equity of 19.20% and a net margin of 0.60%. The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Sell-side analysts predict that DXC Technology will post 2.89 earnings per share for the current fiscal year.

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).