Raymond James Financial Services Advisors Inc. reduced its stake in DXC Technology (NYSE: DXC – Get Rating ) by 27.5 percent during the third quarter, according to the company’s most recent Form 13F filing with the U.S. Securities and Exchange Commission (SEC). %. Institutional investors held 10,360 shares of the company after selling 3,930 shares in the current period. Raymond James Financial Services Advisors Inc.’s holding in DXC Technology was valued at $254,000 at the end of the most recent reporting period.
Many other institutional investors have also bought and sold the stock recently. M&T Bank Corp increased its stake in DXC Technology by 2.5% in the second quarter. M&T Bank Corp now owns 16,255 shares of the company worth $470,000 after buying an additional 399 shares last quarter. IMA Wealth Inc. increased its stake in DXC Technology by 3.7% in the second quarter. IMA Wealth Inc. now owns 83,964 shares of the company worth $2,545,000 after purchasing an additional 2,986 shares last quarter. Counterpoint Mutual Funds LLC increased its stake in DXC Technology by 48.2% in the second quarter. Counterpoint Mutual Funds LLC now owns 4,011 shares of the company worth $122,000 after purchasing an additional 1,304 shares last quarter. Stanley Laman Group Ltd. increased its stake in DXC Technology by 43.3% in the third quarter. Stanley Laman Group Ltd. now owns 120,649 shares of the company worth $2,953,000 after purchasing an additional 36,450 shares last quarter. Finally, Brinker Capital Investments LLC increased its stake in DXC Technology by 11.8% during the second quarter. Brinker Capital Investments LLC now owns 10,018 shares of the company worth $304,000 after buying an additional 1,055 shares last quarter. 89.19% of the shares are held by institutional investors.
DXC Tech trades down 1.0%
DXC stock opened Monday at $28.27. DXC Technology had a 12-month low of $22.65 and a 12-month high of $39.65. The company has a current ratio of 1.14, a quick ratio of 1.14, and a debt-to-equity ratio of 0.75. The company’s 50-day moving average is $27.87 and its 200-day moving average is $27.65. The market cap is $6.5 billion, with a P/E ratio of 9.21, a P/E ratio of 0.67, and a beta of 1.92.
DXC Technology (NYSE: DXC – Get Rating ) last reported earnings on Thursday, November 3rd. The company reported earnings per share (EPS) of $0.75 for the quarter, beating the consensus estimate of $0.72 by $0.03. The company’s revenue for the quarter was $3.57 billion, compared with analysts’ expectations of $3.56 billion. DXC Technology has a net profit margin of 4.93% and a return on equity of 15.59%. Research analysts expect DXC Technology to post earnings of $3.48 per share this year.
Insider Trading at DXC Technology
In other news, director Raul J. Fernandez sold 10,000 shares of DXC Technology 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 director now owns 52,092 shares of the company, worth approximately $1,530,983.88. The sale was disclosed in a filing with the U.S. Securities and Exchange Commission, which is available at this hyperlink. 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 owns 47,092 shares of the company, worth approximately $1,400,987. The sale was disclosed in a legal filing with the Securities and Exchange Commission, available at this link. Additionally, Director Raul J. Fernandez sold 10,000 shares of company stock in trading on Friday, November 11. The stock sold at an average price of $29.39 for a total transaction value of $293,900.00. After the transaction is completed, the directors now directly own 52,092 shares of company stock, worth approximately US$1,530,983.88. The disclosure for this sale can be found here. Company insiders own 0.47% of the company.
Analyst sets new price target
Many equity analysts weigh in on the stock. Morgan Stanley cut their price target on DXC Technology from $30.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday. 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 report on Monday, November 7th. JPMorgan Chase & Co. raised shares of DXC Technology from an “underweight” rating to a “neutral” rating and raised their price target for the company from $31.00 to $33.00 in a research report on Thursday, December 15th. 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. Finally, Moffett Nathanson downgraded shares of DXC Technology from a “market perform” rating to an “underperform” rating and lowered their price target for the company from $32.00 to $28.00 in a research report on Thursday, January 19th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $34.25.
About DXC Technology
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.
This breaking news alert is powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate coverage. This story was reviewed by MarketBeat’s editorial team before publication. Please send any questions or comments about this story to firstname.lastname@example.org.
You’ll want to hear this before you even consider DXC Technology.
MarketBeat tracks Wall Street’s highest-rated and top-performing research analysts and the stocks they recommend to clients on a daily basis. MarketBeat has identified five stocks top analysts are quietly whispering to their clients to buy now before the broader market rallies…and DXC Technology isn’t on the list.
While DXC Technology currently has a “hold” rating among analysts, the top-rated analysts see these five stocks as better buys.
Check out five stocks here