Elo Mutual Pension Insurance Co Invests $227,000 in DXC Technology Company. $DXC

Elo Mutual Pension Insurance Co bought a new stake in shares of DXC Technology Company. (NYSE:DXC) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 14,850 shares of the company’s stock, valued at approximately $227,000.

A number of other large investors also recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its stake in DXC Technology by 7.6% in the second quarter. American Century Companies Inc. now owns 6,995,343 shares of the company’s stock worth $106,959,000 after purchasing an additional 491,668 shares during the last quarter. Hillsdale Investment Management Inc. lifted its stake in shares of DXC Technology by 893.2% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 379,400 shares of the company’s stock valued at $5,801,000 after acquiring an additional 341,200 shares during the last quarter. EMC Capital Management purchased a new stake in DXC Technology during the 2nd quarter valued at about $125,000. Raiffeisen Bank International AG grew its position in DXC Technology by 35.1% during the 2nd quarter. Raiffeisen Bank International AG now owns 45,779 shares of the company’s stock worth $696,000 after acquiring an additional 11,887 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its stake in DXC Technology by 8.2% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 282,304 shares of the company’s stock worth $4,316,000 after purchasing an additional 21,357 shares during the period. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at DXC Technology

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $14.52, for a total value of $36,300.00. Following the completion of the transaction, the senior vice president owned 91,105 shares of the company’s stock, valued at approximately $1,322,844.60. This represents a 2.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.61% of the company’s stock.

DXC Technology Stock Up 0.6%

Shares of NYSE DXC opened at $13.20 on Friday. The firm has a fifty day simple moving average of $13.29 and a two-hundred day simple moving average of $14.18. DXC Technology Company. has a 12 month low of $11.82 and a 12 month high of $23.75. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $2.30 billion, a PE ratio of 6.41 and a beta of 1.15.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Friday, October 31st. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $3.17 billion. During the same quarter in the previous year, the company earned $0.93 earnings per share. DXC Technology’s quarterly revenue was down 2.5% on a year-over-year basis. Equities analysts expect that DXC Technology Company. will post 3.35 earnings per share for the current year.

About DXC Technology

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).