Virtus Advisers LLC Has $89,000 Position in DXC Technology Company. $DXC

Virtus Advisers LLC reduced its stake in DXC Technology Company. (NYSE:DXC) by 93.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,842 shares of the company’s stock after selling 81,059 shares during the quarter. Virtus Advisers LLC’s holdings in DXC Technology were worth $89,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Signaturefd LLC grew its stake in shares of DXC Technology by 187.3% in the second quarter. Signaturefd LLC now owns 3,054 shares of the company’s stock valued at $47,000 after acquiring an additional 1,991 shares in the last quarter. Allworth Financial LP boosted its holdings in DXC Technology by 68.9% in the 2nd quarter. Allworth Financial LP now owns 3,330 shares of the company’s stock valued at $51,000 after purchasing an additional 1,359 shares during the period. Parallel Advisors LLC grew its position in shares of DXC Technology by 273.9% during the 2nd quarter. Parallel Advisors LLC now owns 6,218 shares of the company’s stock worth $95,000 after purchasing an additional 4,555 shares in the last quarter. Hennessy Advisors Inc. bought a new position in shares of DXC Technology during the second quarter worth approximately $97,000. Finally, EMC Capital Management acquired a new stake in shares of DXC Technology in the second quarter valued at approximately $125,000. Institutional investors own 96.20% of the company’s stock.

DXC Technology Price Performance

DXC opened at $13.20 on Monday. DXC Technology Company. has a 1 year low of $11.82 and a 1 year high of $23.75. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 6.41 and a beta of 1.15. The firm’s fifty day moving average price is $13.29 and its two-hundred day moving average price is $14.16.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Friday, October 31st. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.13. DXC Technology had a net margin of 2.96% and a return on equity of 18.59%. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period last year, the firm earned $0.93 earnings per share. The firm’s revenue was down 2.5% on a year-over-year basis. As a group, analysts anticipate that DXC Technology Company. will post 3.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wall Street Zen raised DXC Technology from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. JPMorgan Chase & Co. lowered their price objective on DXC Technology from $18.00 to $14.00 and set an “underweight” rating for the company in a research note on Wednesday, August 20th. Weiss Ratings restated a “sell (d)” rating on shares of DXC Technology in a report on Wednesday, October 8th. Stifel Nicolaus dropped their price objective 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. Finally, Susquehanna set a $14.00 target price on shares of DXC Technology and gave the stock a “neutral” rating in a research note on Friday, October 31st. Six equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $15.00.

Insider Activity

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $14.52, for a total value of $36,300.00. Following the sale, the senior vice president owned 91,105 shares of the company’s stock, valued at $1,322,844.60. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.61% of the stock is currently owned by insiders.

DXC Technology Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).