Samson Rock Capital LLP acquired a new position at DXC Technology (NYSE: DXC – Get Rating ) during the third quarter, according to the company’s most recent disclosure to the SEC. The fund acquired 66,000 shares of the company’s stock, valued at approximately $1,616,000. DXC Technology accounts for about 1.2% of Samson Rock Capital LLP’s stake, making it the ninth-largest holding.
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Other institutional investors and hedge funds have also adjusted their stakes in the company recently. Private trust NA purchased a new position in DXC Technology stock worth approximately $25,000 during the second quarter. Concord Wealth Partners increased its stake in DXC Technology by 169.1% in the second quarter. Concord Wealth Partners now owns 993 shares of the company worth $30,000 after buying an additional 624 shares last quarter. Ellevest increased its stake in DXC Technology by 264.1% in the third quarter. Ellevest now owns 1,398 shares of the company worth $34,000 after purchasing an additional 1,014 shares last quarter. EverSource Wealth Advisors LLC increased its stake in DXC Technology by 66.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,403 shares of the company worth $42,000 after buying an additional 560 shares last quarter. Finally, asset management companies. Ltd. increased its stake in DXC Technology by 30.0% in the third quarter. Asset Management One Inc. now owns 1,832 shares of the company worth $44,000 after purchasing an additional 423 shares last quarter. Hedge funds and other institutional investors own 89.19% of the company.
DXC Technology Stock Performance
DXC on the New York Stock Exchange rose 15 cents to $28.71 on Friday. The company’s stock volume was 56,533 shares compared to its average volume of 1,301,668 shares. The company has a current ratio of 1.14, a quick ratio of 1.14, and a debt-to-equity ratio of 0.75. DXC Technology had a 1-year low of $22.65 and a 1-year high of $39.65. The company’s 50-day moving average is $27.87 and its 200-day moving average is $27.67. The company has a market cap of $6.61 billion, a P/E ratio of 9.30, a P/E ratio of 0.66, and a beta of 1.92.
DXC Technology (NYSE: DXC – Get Rating ) last reported quarterly earnings data on Thursday, November 3rd. The company reported EPS of $0.75 for the quarter, beating the consensus estimate of $0.72 by $0.03. DXC Technology has a net profit margin of 4.93% and a return on equity of 15.59%. The business’ revenue for the quarter was $3.57 billion, beating analysts’ expectations of $3.56 billion. As a group, analysts expect DXC Technology to report EPS of 3.48 for the year.
DXC Technology’s internal activities
In related news, director Raul J. Fernandez sold 5,000 shares of company stock in trading on Wednesday, November 23rd. The average selling price of these shares was $29.75 for a total value of $148,750.00. Following the transaction, the director now directly owns 47,092 shares of the company, worth approximately $1,400,987. The transaction was disclosed in a filing with the U.S. Securities and Exchange Commission, which can be accessed through the SEC website. In related news, director Raul J. Fernandez sold 5,000 shares of company stock in trading on Wednesday, November 23rd. The average selling price of these shares was $29.75 for a total value of $148,750.00. Following the transaction, the director now directly owns 47,092 shares of the company, worth approximately $1,400,987. The transaction was disclosed in a filing with the U.S. Securities and Exchange Commission, which can be accessed through the SEC website. Additionally, Director Raul J. Fernandez sold 10,000 shares of company stock in trading on Friday, November 11. The average selling price of these stocks was $29.39, with a total transaction value of $293,900.00. Following the transaction, the directors now own 52,092 shares of company stock worth $1,530,983.88. The disclosure for this sale can be found here. Company insiders hold a 0.47% stake in the company.
Analyst Rating Changes
DXC has been the subject of many recent analyst reports. BMO Capital Markets cut their price target on DXC Technology from $36.00 to $33.00 and set an “outperform” rating on the company in a research report on Friday, November 4th. JPMorgan Chase & Co. raised shares of DXC Technology from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $31.00 to $33.00 in a research report on Thursday, December 15th. Moffett Nathanson downgraded shares of DXC Technology from a “market perform” rating to an “underperform” rating and lowered their price target for the stock from $32.00 to $28.00 in a research note on Thursday, January 19th. Finally, Royal Bank of Canada upped their price target on DXC Technology from $34.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, November 7th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, DXC Technology currently has a consensus rating of “Hold” and an average price target of $34.50.
About DXC Technology
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DXC Technology Co provides technical consulting, outsourcing and support services. It operates through the following segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment provides technology solutions that help clients address challenges and accelerate digital transformation tailored to each client’s specific goals.
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