The Manufacturers Life Insurance Company Decreases Stock Position in DXC Technology (NYSE:DXC)

The Manufacturers Life Insurance Company decreased its holdings in DXC Technology (NYSE:DXC) by 6.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,050 shares of the company’s stock after selling 2,543 shares during the period. The Manufacturers Life Insurance Company’s holdings in DXC Technology were worth $745,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in DXC. Mather Group LLC. increased its holdings in DXC Technology by 55.0% during 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 during the period. Family Firm Inc. purchased a new position in DXC Technology during the second quarter valued at $37,000. Fifth Third Bancorp lifted its position 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 valued at $37,000 after acquiring an additional 559 shares in the last quarter. Quarry LP purchased a new position in shares of DXC Technology in the fourth quarter worth about $51,000. Finally, Innealta Capital LLC acquired a new position in shares of DXC Technology during the 2nd quarter worth approximately $96,000. 96.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on DXC. BMO Capital Markets increased their price target 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 target on 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, JPMorgan Chase & Co. boosted their price objective on DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Friday, September 6th. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.30.

DXC Technology Stock Up 0.4 %

Shares of NYSE:DXC opened at $20.11 on Tuesday. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 54.35, a price-to-earnings-growth ratio of 1.77 and a beta of 1.67. The firm’s 50 day moving average price is $20.29 and its 200 day moving average price is $19.40. DXC Technology has a fifty-two week low of $14.78 and a fifty-two week high of $25.14. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.21.

DXC Technology (NYSE:DXC) last posted its earnings results on Thursday, August 8th. The company reported $0.74 EPS for the quarter, beating 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. As a group, equities research analysts predict that DXC Technology will post 2.89 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was 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 of the company’s stock, valued at approximately $1,789,652.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Christopher Anthony Voci sold 2,500 shares of the firm’s stock in a transaction that occurred on 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mary E. Finch sold 31,047 shares of DXC Technology stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 325,665 shares in the company, valued at approximately $6,304,874.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

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).