DXC Technology Company. $DXC Shares Purchased by Villanova Investment Management Co LLC

Villanova Investment Management Co LLC boosted its holdings in DXC Technology Company. (NYSE:DXC) by 67.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 165,712 shares of the company’s stock after purchasing an additional 66,562 shares during the quarter. DXC Technology accounts for approximately 1.6% of Villanova Investment Management Co LLC’s investment portfolio, making the stock its 27th largest holding. Villanova Investment Management Co LLC’s holdings in DXC Technology were worth $2,259,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of DXC Technology by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 23,452,271 shares of the company’s stock valued at $319,654,000 after acquiring an additional 800,973 shares during the period. American Century Companies Inc. increased its holdings in DXC Technology by 7.6% in the 2nd quarter. American Century Companies Inc. now owns 6,995,343 shares of the company’s stock valued at $106,959,000 after purchasing an additional 491,668 shares in the last quarter. State Street Corp increased its holdings in DXC Technology by 2.1% in the 2nd quarter. State Street Corp now owns 6,381,982 shares of the company’s stock valued at $97,581,000 after purchasing an additional 128,916 shares in the last quarter. AQR Capital Management LLC raised its position in DXC Technology by 97.0% in the second quarter. AQR Capital Management LLC now owns 3,933,973 shares of the company’s stock valued at $60,150,000 after purchasing an additional 1,936,726 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of DXC Technology by 29.6% during the second quarter. First Trust Advisors LP now owns 1,526,677 shares of the company’s stock worth $23,343,000 after purchasing an additional 348,264 shares in the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Raul J. Fernandez bought 16,446 shares of DXC Technology stock in a transaction on Monday, February 2nd. The stock was purchased at an average cost of $15.24 per share, with a total value of $250,637.04. Following the purchase, the chief executive officer directly owned 816,001 shares of the company’s stock, valued at approximately $12,435,855.24. This trade represents a 2.06% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Christopher Anthony Voci sold 2,500 shares of the firm’s 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 completion of the sale, the senior vice president owned 88,605 shares in the company, valued at $1,342,365.75. The trade was a 2.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.61% of the company’s stock.

DXC Technology Stock Up 0.0%

NYSE:DXC opened at $13.34 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 5.73 and a beta of 1.07. DXC Technology Company. has a one year low of $11.82 and a one year high of $20.29. The stock has a 50-day simple moving average of $14.60 and a 200 day simple moving average of $13.99.

DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Thursday, January 29th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.13. DXC Technology had a return on equity of 17.56% and a net margin of 3.34%.The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same period in the prior year, the company posted $0.92 EPS. The business’s revenue was down 1.0% compared to the same quarter last year. Sell-side analysts predict that DXC Technology Company. will post 3.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DXC shares. Wolfe Research set a $13.00 target price on DXC Technology and gave the company an “underperform” rating in a report on Friday, January 30th. BMO Capital Markets raised their price target on shares of DXC Technology from $15.00 to $17.00 and gave the company a “market perform” rating in a report on Tuesday, February 3rd. Wall Street Zen lowered shares of DXC Technology from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Susquehanna set a $14.00 target price on DXC Technology and gave the company a “neutral” rating in a research note on Friday, October 31st. Finally, Stifel Nicolaus cut their price target on DXC Technology from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, DXC Technology currently has an average rating of “Reduce” and a consensus price target of $14.71.

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.