DXC Technology Company. $DXC Shares Acquired by SG Americas Securities LLC

Key Points

• SG Americas Securities LLC increased its stake in DXC by 1,171.6% in Q4, purchasing 693,167 shares to hold 752,329 shares (about 0.43% of the company) valued at roughly $11.0 million.
• CEO Raul J. Fernandez bought 16,446 shares at about $15.24, raising his holdings to 816,001 shares (a 2.06% increase) and reflecting insider ownership of 0.61%.
• Analysts have an average rating of “Reduce” with a $14.71 consensus price target, while DXC recently beat quarterly EPS estimates ($0.96 vs. $0.83) and trades at a PE of 5.08 with a $2.01 billion market cap.

SG Americas Securities LLC lifted its holdings in shares of DXC Technology Company. (NYSE:DXC - Free Report) by 1,171.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 752,329 shares of the company's stock after purchasing an additional 693,167 shares during the quarter. SG Americas Securities LLC owned about 0.43% of DXC Technology worth $11,022,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its position in DXC Technology by 240.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company's stock valued at $27,000 after buying an additional 1,227 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of DXC Technology by 38.2% during the third quarter. Smartleaf Asset Management LLC now owns 2,814 shares of the company's stock valued at $38,000 after acquiring an additional 778 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of DXC Technology during the second quarter valued at about $39,000. Rothschild Investment LLC raised its stake in shares of DXC Technology by 609.8% in the 3rd quarter. Rothschild Investment LLC now owns 2,981 shares of the company's stock valued at $41,000 after acquiring an additional 2,561 shares during the period. Finally, Newbridge Financial Services Group Inc. raised its stake in shares of DXC Technology by 143.3% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 4,075 shares of the company's stock valued at $62,000 after acquiring an additional 2,400 shares during the period. 96.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DXC has been the subject of a number of research analyst reports. Wall Street Zen cut shares of DXC Technology from a "buy" rating to a "hold" rating in a research report on Saturday. Zacks Research lowered DXC Technology from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 3rd. BMO Capital Markets upped their price target on DXC Technology from $15.00 to $17.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 3rd. Finally, Wolfe Research set a $13.00 price target on DXC Technology and gave the stock an "underperform" rating in a research report on Friday, January 30th. Seven equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $14.71.

Insider Activity at DXC Technology

In other DXC Technology news, CEO Raul J. Fernandez purchased 16,446 shares of the company's stock in a transaction on Monday, February 2nd. The stock was acquired at an average price of $15.24 per share, for a total transaction of $250,637.04. Following the completion of the purchase, the chief executive officer directly owned 816,001 shares in the company, valued at approximately $12,435,855.24. The trade was a 2.06% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by company insiders.

DXC Technology Stock Up 0.1%

Shares of DXC opened at $11.83 on Monday. The stock has a market capitalization of $2.01 billion, a PE ratio of 5.08 and a beta of 1.10. DXC Technology Company. has a 1 year low of $11.54 and a 1 year high of $17.68. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.35 and a current ratio of 1.35. The company's 50-day simple moving average is $13.19 and its 200-day simple moving average is $13.66.

DXC Technology (NYSE:DXC - Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.13. DXC Technology had a net margin of 3.34% and a return on equity of 17.56%. The firm had revenue of $3.19 billion during the quarter, compared to analysts' expectations of $3.18 billion. During the same quarter in the previous year, the business posted $0.92 earnings per share. The business's quarterly revenue was down 1.0% compared to the same quarter last year. Analysts forecast that DXC Technology Company. will post 3.35 earnings per share for the current fiscal year.

DXC Technology Profile

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.

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