GAMMA Investing LLC Has $71,000 Position in DXC Technology (NYSE:DXC)

GAMMA Investing LLC raised its stake in shares of DXC Technology (NYSE:DXC) by 48.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,425 shares of the company’s stock after acquiring an additional 1,122 shares during the quarter. GAMMA Investing LLC’s holdings in DXC Technology were worth $71,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quadrature Capital Ltd acquired a new position in DXC Technology in the fourth quarter valued at about $609,000. Alaska Permanent Fund Corp grew its position in DXC Technology by 16.7% during the 1st quarter. Alaska Permanent Fund Corp now owns 107,232 shares of the company’s stock worth $2,274,000 after acquiring an additional 15,320 shares during the last quarter. CHICAGO TRUST Co NA acquired a new stake in DXC Technology during the 1st quarter valued at $202,000. Allspring Global Investments Holdings LLC raised its position in DXC Technology by 173.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 146,542 shares of the company’s stock valued at $3,108,000 after purchasing an additional 92,936 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in DXC Technology by 9.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 31,300 shares of the company’s stock worth $664,000 after purchasing an additional 2,800 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

Insider Buying and Selling

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $21.37, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other 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 transaction of $601,069.92. Following the transaction, the executive vice president now directly owns 325,665 shares of the company’s stock, valued at $6,304,874.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Christopher Anthony Voci sold 2,500 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $21.37, for a total transaction of $53,425.00. Following the completion of the sale, the senior vice president now owns 83,746 shares of the company’s stock, valued at approximately $1,789,652.02. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

DXC Technology Stock Up 1.3 %

Shares of NYSE DXC opened at $20.37 on Wednesday. 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 is $20.33 and its 200-day moving average is $19.39. 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 firm has a market capitalization of $3.67 billion, a PE ratio of 55.04, a price-to-earnings-growth ratio of 1.77 and a beta of 1.67.

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, beating analysts’ consensus estimates of $0.57 by $0.17. The firm had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.14 billion. DXC Technology had a net margin of 0.60% and a return on equity of 19.20%. Equities analysts expect that DXC Technology will post 2.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DXC shares. BMO Capital Markets raised their target price on 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 raised their price objective on shares of DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th. Three analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $20.30.

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).