Quadrature Capital Ltd Trims Stake in DXC Technology (NYSE:DXC)

Quadrature Capital Ltd lessened its stake in DXC Technology (NYSE:DXC) by 82.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 10,010 shares of the company’s stock after selling 47,671 shares during the quarter. Quadrature Capital Ltd’s holdings in DXC Technology were worth $208,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in DXC. Pacer Advisors Inc. boosted its holdings in DXC Technology by 30.4% during the second quarter. Pacer Advisors Inc. now owns 19,240,978 shares of the company’s stock worth $367,310,000 after buying an additional 4,489,924 shares in the last quarter. Marshall Wace LLP increased its stake in shares of DXC Technology by 1,047.3% in the 2nd quarter. Marshall Wace LLP now owns 820,585 shares of the company’s stock valued at $15,665,000 after purchasing an additional 749,060 shares in the last quarter. American Century Companies Inc. increased its stake in shares of DXC Technology by 20.8% in the 2nd quarter. American Century Companies Inc. now owns 3,991,295 shares of the company’s stock valued at $76,194,000 after purchasing an additional 687,522 shares in the last quarter. Millennium Management LLC boosted its position in DXC Technology by 352.6% during the second quarter. Millennium Management LLC now owns 625,197 shares of the company’s stock worth $11,935,000 after purchasing an additional 487,072 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in DXC Technology by 3,173.3% in the second quarter. Canada Pension Plan Investment Board now owns 451,712 shares of the company’s stock valued at $8,623,000 after purchasing an additional 437,912 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.

Insider Buying and Selling at DXC Technology

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the 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 completion of the transaction, the senior vice president now directly owns 83,746 shares in the company, valued at approximately $1,789,652.02. This represents a 2.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by company insiders.

DXC Technology Trading Down 1.3 %

Shares of DXC Technology stock opened at $21.56 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s 50 day simple moving average is $21.22 and its 200-day simple moving average is $19.91. The stock has a market cap of $3.90 billion, a P/E ratio of 269.53, a P/E/G ratio of 1.44 and a beta of 1.65. DXC Technology has a 1-year low of $14.78 and a 1-year high of $25.14.

DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, November 7th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.21. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.21 billion. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. During the same period last year, the company earned $0.70 EPS. Analysts predict that DXC Technology will post 3.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Susquehanna increased their target price on DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. BMO Capital Markets increased their price objective on shares of DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. upped their price target 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. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $20.89.

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).