3,819 Shares in DXC Technology (NYSE:DXC) Acquired by Carolina Wealth Advisors LLC

by · The Cerbat Gem

Carolina Wealth Advisors LLC purchased a new stake in shares of DXC Technology (NYSE:DXC – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,819 shares of the company’s stock, valued at approximately $79,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. lifted its position in DXC Technology by 30.4% during the second quarter. Pacer Advisors Inc. now owns 19,240,978 shares of the company’s stock worth $367,310,000 after acquiring an additional 4,489,924 shares during the last quarter. Marshall Wace LLP grew its holdings in DXC Technology by 1,047.3% in the 2nd quarter. Marshall Wace LLP now owns 820,585 shares of the company’s stock valued at $15,665,000 after buying an additional 749,060 shares in the last quarter. Toronto Dominion Bank increased its position in DXC Technology by 683,853.2% during the 1st quarter. Toronto Dominion Bank now owns 745,509 shares of the company’s stock worth $15,812,000 after buying an additional 745,400 shares during the period. American Century Companies Inc. lifted its holdings in shares of DXC Technology by 20.8% during the second quarter. American Century Companies Inc. now owns 3,991,295 shares of the company’s stock worth $76,194,000 after buying an additional 687,522 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of DXC Technology by 352.6% in the second quarter. Millennium Management LLC now owns 625,197 shares of the company’s stock valued at $11,935,000 after acquiring an additional 487,072 shares during the period. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th. BMO Capital Markets raised their target price on shares of DXC Technology from $17.50 to $22.00 and gave the stock a “market perform” rating in a report on Friday, August 9th. Finally, Royal Bank of Canada boosted their price target on 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 analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $20.11.

Read Our Latest Analysis on DXC Technology

DXC Technology Price Performance

NYSE:DXC traded down $0.23 during trading hours on Monday, hitting $20.82. The company’s stock had a trading volume of 233,343 shares, compared to its average volume of 2,196,799. DXC Technology has a twelve month low of $14.78 and a twelve month high of $25.14. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a fifty day simple moving average of $20.48 and a 200-day simple moving average of $19.39. The company has a market capitalization of $3.75 billion, a P/E ratio of 56.89, a PEG ratio of 1.77 and a beta of 1.67.

DXC Technology (NYSE:DXC – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.17. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.14 billion. DXC Technology had a net margin of 0.60% and a return on equity of 19.20%. On average, analysts anticipate that DXC Technology will post 2.89 EPS for the current fiscal year.

Insider Transactions at DXC Technology

In related news, EVP Mary E. Finch sold 31,047 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $19.36, for a total transaction of $601,069.92. Following the sale, the executive vice president now owns 325,665 shares in the company, valued at $6,304,874.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Mary E. Finch sold 31,047 shares of DXC Technology stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $19.36, for a total transaction of $601,069.92. Following the sale, the executive vice president now directly owns 325,665 shares in the company, valued at $6,304,874.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Christopher Anthony Voci sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $21.37, for a total transaction of $53,425.00. Following the completion of the transaction, the senior vice president now 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

DXC Technology Company Profile

(Free Report)

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).

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