Equitable Trust Co. Has $305,000 Holdings in DXC Technology (NYSE:DXC)

Equitable Trust Co. decreased its holdings in shares of DXC Technology (NYSE:DXC) by 9.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,692 shares of the company’s stock after selling 1,596 shares during the quarter. Equitable Trust Co.’s holdings in DXC Technology were worth $305,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Pacer Advisors Inc. increased its position in DXC Technology by 30.4% during the 2nd quarter. Pacer Advisors Inc. now owns 19,240,978 shares of the company’s stock worth $367,310,000 after purchasing an additional 4,489,924 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of DXC Technology by 20.8% in the 2nd quarter. American Century Companies Inc. now owns 3,991,295 shares of the company’s stock valued at $76,194,000 after acquiring an additional 687,522 shares during the last quarter. LSV Asset Management boosted its holdings in shares of DXC Technology by 0.8% during the 2nd quarter. LSV Asset Management now owns 3,436,128 shares of the company’s stock valued at $65,596,000 after acquiring an additional 26,186 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in DXC Technology by 1.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 3,184,365 shares of the company’s stock worth $67,615,000 after acquiring an additional 55,467 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in DXC Technology by 11.3% in the 2nd quarter. AQR Capital Management LLC now owns 2,117,753 shares of the company’s stock worth $39,898,000 after purchasing an additional 215,692 shares in the last quarter. Institutional investors own 96.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DXC. Susquehanna lifted their price target on DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday. BMO Capital Markets lifted their target price on shares of DXC Technology from $17.50 to $22.00 and gave the stock a “market perform” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. boosted their target price on shares of DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Friday, September 6th. Finally, Royal Bank of Canada raised their price target on shares of DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, DXC Technology currently has a consensus rating of “Hold” and an average price target of $20.56.

Insider Buying and Selling at DXC Technology

In other news, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $21.37, for a total value of $53,425.00. Following the completion of the transaction, the senior vice president now directly owns 83,746 shares of the company’s stock, valued at approximately $1,789,652.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.54% of the company’s stock.

DXC Technology Price Performance

DXC stock opened at $21.66 on Monday. The company has a fifty day moving average price of $20.68 and a 200-day moving average price of $19.40. The company has a market capitalization of $3.92 billion, a P/E ratio of 270.75, a PEG ratio of 1.87 and a beta of 1.67. DXC Technology has a 52-week low of $14.78 and a 52-week high of $25.14. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.21 and a current ratio of 1.21.

DXC Technology (NYSE:DXC) last announced its earnings results on Thursday, August 8th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.17. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.14 billion. DXC Technology had a net margin of 0.60% and a return on equity of 19.20%. As a group, equities analysts expect that DXC Technology will post 2.89 EPS 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).