DXC Technology Company. $DXC Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in shares of DXC Technology Company. (NYSE:DXC) by 28.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 742,963 shares of the company’s stock after acquiring an additional 162,958 shares during the quarter. JPMorgan Chase & Co.’s holdings in DXC Technology were worth $10,127,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in DXC Technology by 240.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock valued at $27,000 after buying an additional 1,227 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in DXC Technology by 38.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,814 shares of the company’s stock worth $38,000 after buying an additional 778 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of DXC Technology during the second quarter valued at approximately $39,000. Allworth Financial LP lifted its position in shares of DXC Technology by 68.9% in the second quarter. Allworth Financial LP now owns 3,330 shares of the company’s stock valued at $51,000 after acquiring an additional 1,359 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its stake in shares of DXC Technology by 143.3% in the second quarter. Newbridge Financial Services Group Inc. now owns 4,075 shares of the company’s stock worth $62,000 after acquiring an additional 2,400 shares during the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

DXC Technology Stock Down 2.0%

Shares of DXC opened at $12.93 on Friday. DXC Technology Company. has a 52-week low of $11.61 and a 52-week high of $18.90. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.91. The stock has a fifty day simple moving average of $14.03 and a two-hundred day simple moving average of $13.91. The company has a market capitalization of $2.19 billion, a PE ratio of 5.55 and a beta of 1.10.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Thursday, January 29th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.13. DXC Technology had a net margin of 3.34% and a return on equity of 17.56%. The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter in the previous year, the company posted $0.92 EPS. The company’s revenue was down 1.0% compared to the same quarter last year. As a group, equities analysts forecast that DXC Technology Company. will post 3.35 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on DXC shares. Zacks Research lowered DXC Technology from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Wolfe Research set a $13.00 price target on shares of DXC Technology and gave the stock an “underperform” rating in a research note on Friday, January 30th. BMO Capital Markets upped their price objective on shares of DXC Technology from $15.00 to $17.00 and gave the company a “market perform” rating in a research note on Tuesday, February 3rd. Finally, Wall Street Zen raised shares of DXC Technology from a “hold” rating to a “buy” rating in a research note on Saturday. Seven analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $14.71.

Insider Activity at DXC Technology

In other news, CEO Raul J. Fernandez purchased 16,446 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was acquired at an average price of $15.24 per share, for a total transaction of $250,637.04. Following the acquisition, the chief executive officer directly owned 816,001 shares of the company’s stock, valued at approximately $12,435,855.24. This represents a 2.06% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $15.15, for a total transaction of $37,875.00. Following the sale, the senior vice president directly owned 88,605 shares in the company, valued at approximately $1,342,365.75. The trade was a 2.74% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.61% of the company’s stock.

DXC Technology Profile

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.