Toronto Dominion Bank Has $5.52 Million Stock Position in DXC Technology (NYSE:DXC)

Toronto Dominion Bank boosted its position in shares of DXC Technology (NYSE:DXC) by 18.6% in the second quarter, Holdings Channel.com reports. The firm owned 141,768 shares of the company’s stock after purchasing an additional 22,236 shares during the period. Toronto Dominion Bank’s holdings in DXC Technology were worth $5,520,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DXC. Point72 Asset Management L.P. boosted its position in DXC Technology by 147.5% during the first quarter. Point72 Asset Management L.P. now owns 7,517,578 shares of the company’s stock valued at $234,999,000 after purchasing an additional 4,479,808 shares during the last quarter. FMR LLC boosted its position in DXC Technology by 15.1% during the second quarter. FMR LLC now owns 10,764,613 shares of the company’s stock valued at $419,174,000 after purchasing an additional 1,408,819 shares during the last quarter. Great Lakes Advisors LLC acquired a new stake in DXC Technology during the second quarter valued at $52,344,000. Jupiter Asset Management Ltd. acquired a new stake in DXC Technology during the second quarter valued at $36,811,000. Finally, Archon Capital Management LLC acquired a new stake in DXC Technology during the first quarter valued at $28,837,000. 85.38% of the stock is owned by hedge funds and other institutional investors.

DXC stock opened at $33.40 on Thursday. DXC Technology has a twelve month low of $16.88 and a twelve month high of $44.18. The company has a market cap of $8.41 billion, a PE ratio of 26.51, a price-to-earnings-growth ratio of 0.35 and a beta of 2.44. The business’s 50-day simple moving average is $36.22 and its 200 day simple moving average is $36.47. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.76.

DXC Technology (NYSE:DXC) last released its earnings results on Wednesday, August 4th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. DXC Technology had a return on equity of 14.72% and a net margin of 1.92%. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same period last year, the business earned $0.21 earnings per share. The firm’s revenue for the quarter was down 8.0% compared to the same quarter last year. On average, equities research analysts anticipate that DXC Technology will post 3.6 EPS for the current year.

In other DXC Technology news, Director Raul J. Fernandez bought 1,390 shares of DXC Technology stock in a transaction dated Monday, August 23rd. The shares were acquired at an average cost of $35.83 per share, with a total value of $49,803.70. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Raul J. Fernandez bought 9,515 shares of DXC Technology stock in a transaction dated Tuesday, August 17th. The stock was acquired at an average cost of $38.86 per share, for a total transaction of $369,752.90. Following the completion of the acquisition, the director now directly owns 45,807 shares in the company, valued at $1,780,060.02. The disclosure for this purchase can be found here. Insiders have acquired 17,791 shares of company stock worth $684,089 over the last ninety days. Company insiders own 0.39% of the company’s stock.

Several equities analysts have weighed in on the company. Royal Bank of Canada raised their target price on DXC Technology from $42.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, August 5th. BMO Capital Markets upgraded DXC Technology from a “market perform” rating to an “outperform” rating and raised their target price for the company from $43.00 to $50.00 in a report on Tuesday, August 3rd. Citigroup raised their target price on DXC Technology from $44.00 to $49.00 and gave the company a “buy” rating in a report on Thursday, August 5th. Susquehanna Bancshares upgraded DXC Technology from a “neutral” rating to a “positive” rating and set a $42.00 price objective on the stock in a research note on Tuesday, August 24th. Finally, Zacks Investment Research lowered DXC Technology from a “buy” rating to a “hold” rating and set a $43.00 price objective on the stock. in a research note on Monday, August 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $43.31.

About DXC Technology

DXC Technology Co provides technology 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 accelerates the digital transformations that is tailored to each client’s specific objectives.

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Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)

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