SG Americas Securities LLC Boosts Stake in DXC Technology Company. $DXC

SG Americas Securities LLC increased its holdings in shares of DXC Technology Company. (NYSE:DXC) by 42.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,068,547 shares of the company’s stock after acquiring an additional 316,218 shares during the period. SG Americas Securities LLC’s holdings in DXC Technology were worth $13,432,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake in shares of 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 purchasing an additional 1,227 shares in the last quarter. Danske Bank A S grew its holdings in DXC Technology by 280.0% in the fourth quarter. Danske Bank A S now owns 1,900 shares of the company’s stock valued at $28,000 after purchasing an additional 1,400 shares during the period. Fifth Third Bancorp grew its holdings in DXC Technology by 116.0% in the fourth quarter. Fifth Third Bancorp now owns 2,102 shares of the company’s stock valued at $31,000 after purchasing an additional 1,129 shares during the period. Hantz Financial Services Inc. grew its holdings in DXC Technology by 110.5% in the fourth quarter. Hantz Financial Services Inc. now owns 2,185 shares of the company’s stock valued at $32,000 after purchasing an additional 1,147 shares during the period. Finally, CIBC Private Wealth Group LLC increased its position in shares of DXC Technology by 13,258.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,271 shares of the company’s stock valued at $33,000 after buying an additional 2,254 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

DXC Technology Stock Up 6.9%

NYSE DXC opened at $8.80 on Friday. The business has a fifty day moving average price of $9.90 and a 200 day moving average price of $12.34. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market cap of $1.44 billion, a P/E ratio of 146.60 and a beta of 0.81. DXC Technology Company. has a one year low of $7.90 and a one year high of $16.45.

DXC Technology (NYSE:DXC) last announced its earnings results on Friday, May 8th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.07. DXC Technology had a net margin of 0.14% and a return on equity of 17.24%. The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the previous year, the company posted $0.84 EPS. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. Research analysts anticipate that DXC Technology Company. will post 2.64 EPS for the current fiscal year.

Insider Buying and Selling at DXC Technology

In other DXC Technology news, CEO Raul J. Fernandez purchased 28,051 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average cost of $8.90 per share, for a total transaction of $249,653.90. Following the completion of the transaction, the chief executive officer owned 844,052 shares of the company’s stock, valued at $7,512,062.80. The trade was a 3.44% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DXC shares. BMO Capital Markets reduced their target price on DXC Technology from $17.00 to $10.00 and set a “market perform” rating for the company in a research note on Monday, May 11th. Morgan Stanley cut their price target on shares of DXC Technology from $15.00 to $9.00 and set an “equal weight” rating for the company in a report on Thursday, May 14th. Zacks Research cut shares of DXC Technology from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Stifel Nicolaus set a $12.00 price objective on shares of DXC Technology in a research report on Friday, May 8th. Finally, Weiss Ratings downgraded shares of DXC Technology from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 11th. Six equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $12.75.

About DXC Technology

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.