BNP Paribas Arbitrage SA Sells 196,364 Shares of DXC Technology Co (NYSE:DXC)

BNP Paribas Arbitrage SA lowered its stake in shares of DXC Technology Co (NYSE:DXC) by 74.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 68,598 shares of the company’s stock after selling 196,364 shares during the period. BNP Paribas Arbitrage SA’s holdings in DXC Technology were worth $3,783,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Investec Asset Management LTD lifted its stake in shares of DXC Technology by 91.1% in the 2nd quarter. Investec Asset Management LTD now owns 1,699,755 shares of the company’s stock worth $93,741,000 after purchasing an additional 810,375 shares during the period. Amundi Pioneer Asset Management Inc. lifted its stake in shares of DXC Technology by 72.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,487,161 shares of the company’s stock worth $95,639,000 after purchasing an additional 626,479 shares during the period. Poplar Forest Capital LLC lifted its stake in shares of DXC Technology by 157.0% in the 1st quarter. Poplar Forest Capital LLC now owns 908,310 shares of the company’s stock worth $58,413,000 after purchasing an additional 554,818 shares during the period. Geode Capital Management LLC lifted its stake in shares of DXC Technology by 11.3% in the 4th quarter. Geode Capital Management LLC now owns 4,452,857 shares of the company’s stock worth $236,418,000 after purchasing an additional 451,768 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of DXC Technology by 14.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,299,958 shares of the company’s stock worth $175,464,000 after purchasing an additional 411,494 shares during the period. Institutional investors and hedge funds own 86.39% of the company’s stock.

NYSE DXC opened at $30.61 on Friday. DXC Technology Co has a 12 month low of $30.11 and a 12 month high of $96.75. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of 3.67, a PEG ratio of 1.17 and a beta of 1.74. The company’s 50 day moving average is $52.31 and its two-hundred day moving average is $58.89. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.47.

DXC Technology (NYSE:DXC) last released its earnings results on Thursday, August 8th. The company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.03. DXC Technology had a net margin of 5.70% and a return on equity of 19.39%. The company had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter last year, the business earned $1.93 EPS. The firm’s revenue was down 7.4% compared to the same quarter last year. Sell-side analysts forecast that DXC Technology Co will post 7.4 EPS for the current year.

In related news, CEO John M. Lawrie acquired 10,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was acquired at an average cost of $49.56 per share, with a total value of $495,600.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Joanne Mason sold 1,768 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $52.29, for a total transaction of $92,448.72. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 22,066 shares of company stock worth $1,153,043. 0.81% of the stock is owned by company insiders.

Several brokerages have recently weighed in on DXC. TheStreet cut shares of DXC Technology from a “b-” rating to a “c+” rating in a research note on Thursday, May 23rd. Evercore ISI restated a “buy” rating and set a $82.00 target price on shares of DXC Technology in a research note on Sunday, August 11th. Royal Bank of Canada restated a “buy” rating on shares of DXC Technology in a research note on Sunday, August 11th. Wells Fargo & Co decreased their target price on shares of DXC Technology from $72.00 to $55.00 and set a “market perform” rating on the stock in a research note on Friday, May 24th. Finally, Goldman Sachs Group cut shares of DXC Technology from a “conviction-buy” rating to a “buy” rating in a research note on Monday, April 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $69.17.

DXC Technology Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).

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Institutional Ownership by Quarter for DXC Technology (NYSE:DXC)

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