O Shaughnessy Asset Management LLC Grows Stake in DXC Technology (NYSE:DXC)

O Shaughnessy Asset Management LLC raised its stake in DXC Technology (NYSE:DXC) by 730.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,407 shares of the company’s stock after acquiring an additional 2,117 shares during the period. O Shaughnessy Asset Management LLC’s holdings in DXC Technology were worth $94,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NEXT Financial Group Inc grew its stake in shares of DXC Technology by 291.3% in the second quarter. NEXT Financial Group Inc now owns 716 shares of the company’s stock worth $28,000 after acquiring an additional 533 shares during the last quarter. Sandy Spring Bank bought a new position in shares of DXC Technology during the second quarter valued at $31,000. Sentry Investment Management LLC bought a new position in shares of DXC Technology during the second quarter valued at $92,000. E Fund Management Co. Ltd. bought a new position in shares of DXC Technology during the first quarter valued at $106,000. Finally, Captrust Financial Advisors lifted its holdings in shares of DXC Technology by 743.4% during the first quarter. Captrust Financial Advisors now owns 5,128 shares of the company’s stock valued at $160,000 after purchasing an additional 4,520 shares in the last quarter. 85.38% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on DXC shares. Zacks Investment Research downgraded DXC Technology from a “buy” rating to a “hold” rating and set a $43.00 price target on the stock. in a report on Monday, August 9th. Citigroup upped their price target on DXC Technology from $44.00 to $49.00 and gave the company a “buy” rating in a report on Thursday, August 5th. Bank of America raised DXC Technology from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Tuesday, September 14th. Deutsche Bank Aktiengesellschaft increased their target price on DXC Technology from $44.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, July 21st. Finally, Susquehanna Bancshares raised DXC Technology from a “neutral” rating to a “positive” rating and set a $42.00 target price on the stock in a report on Tuesday, August 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, DXC Technology has a consensus rating of “Buy” and an average target price of $43.31.

NYSE DXC opened at $34.78 on Thursday. The stock’s 50-day moving average price is $37.86 and its 200-day moving average price is $35.81. 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 has a 52 week low of $15.64 and a 52 week high of $44.18. The company has a market capitalization of $8.76 billion, a P/E ratio of 27.60, a price-to-earnings-growth ratio of 0.35 and a beta of 2.44.

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

In other news, Director Raul J. Fernandez purchased 9,515 shares of the business’s stock in a transaction on Tuesday, August 17th. The stock was acquired at an average price of $38.86 per share, for a total transaction of $369,752.90. Following the acquisition, the director now directly owns 45,807 shares of the company’s stock, valued at approximately $1,780,060.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raul J. Fernandez purchased 1,324 shares of the business’s stock in a transaction on Wednesday, September 1st. The shares were purchased at an average price of $33.88 per share, with a total value of $44,857.12. The disclosure for this purchase can be found here. Insiders have purchased 17,791 shares of company stock valued at $684,089 in the last quarter. 0.39% of the stock is currently owned by company insiders.

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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