110,596 Shares in DXC Technology Company. $DXC Acquired by Advisors Preferred LLC

Advisors Preferred LLC bought a new stake in DXC Technology Company. (NYSE:DXC) during the first quarter, HoldingsChannel reports. The institutional investor bought 110,596 shares of the company’s stock, valued at approximately $1,390,000.

A number of other large investors have also recently bought and sold shares of DXC. Lido Advisors LLC lifted its holdings in DXC Technology by 6.1% in the 4th quarter. Lido Advisors LLC now owns 17,383 shares of the company’s stock valued at $241,000 after purchasing an additional 1,003 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of DXC Technology by 116.0% during the 4th quarter. Fifth Third Bancorp now owns 2,102 shares of the company’s stock worth $31,000 after purchasing an additional 1,129 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of DXC Technology by 110.5% during the fourth quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock worth $32,000 after buying an additional 1,147 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of DXC Technology by 240.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock worth $27,000 after buying an additional 1,227 shares in the last quarter. Finally, Focus Partners Wealth raised its position in shares of DXC Technology by 9.9% in the third quarter. Focus Partners Wealth now owns 15,094 shares of the company’s stock valued at $202,000 after buying an additional 1,357 shares during the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

Analysts Set New Price Targets

DXC has been the topic of several recent analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and set a $16.00 price objective on shares of DXC Technology in a research note on Friday, June 12th. BMO Capital Markets lowered their target price on shares of DXC Technology from $17.00 to $10.00 and set a “market perform” rating for the company in a research note on Monday, May 11th. Weiss Ratings downgraded DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 11th. TD Cowen reduced their price target on DXC Technology from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Thursday, July 9th. Finally, Zacks Research cut DXC Technology from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Six investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $12.25.

DXC Technology Trading Down 5.7%

NYSE DXC opened at $9.15 on Wednesday. The company has a market cap of $1.50 billion, a P/E ratio of 152.58 and a beta of 0.82. DXC Technology Company. has a 12 month low of $7.90 and a 12 month high of $15.68. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.36 and a quick ratio of 1.36. The company has a 50-day moving average of $9.25 and a 200-day moving average of $11.85.

DXC Technology (NYSE:DXC) last released its earnings results on Friday, May 8th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.07. DXC Technology had a net margin of 0.14% and a return on equity of 17.24%. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same period last year, the company earned $0.84 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, equities analysts predict that DXC Technology Company. will post 2.61 earnings per share for the current year.

Insider Activity at DXC Technology

In other DXC Technology news, CEO Raul J. Fernandez bought 28,051 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average price of $8.90 per share, with a total value of $249,653.90. Following the transaction, the chief executive officer owned 844,052 shares in the company, valued at $7,512,062.80. This trade represents a 3.44% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.13% of the stock is currently owned by company insiders.

About DXC Technology

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.