DXC Technology (NYSE:DXC) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp raised its stake in DXC Technology (NYSE:DXC) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,010,463 shares of the company’s stock after acquiring an additional 59,588 shares during the period. Mackenzie Financial Corp’s holdings in DXC Technology were worth $23,109,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP acquired a new position in DXC Technology in the second quarter valued at approximately $25,000. Belpointe Asset Management LLC boosted its stake in DXC Technology by 656.6% in the first quarter. Belpointe Asset Management LLC now owns 1,150 shares of the company’s stock valued at $29,000 after acquiring an additional 998 shares during the period. Lazard Asset Management LLC boosted its stake in DXC Technology by 163.0% in the fourth quarter. Lazard Asset Management LLC now owns 1,315 shares of the company’s stock valued at $34,000 after acquiring an additional 815 shares during the period. Coppell Advisory Solutions LLC acquired a new position in DXC Technology in the second quarter valued at approximately $41,000. Finally, Versant Capital Management Inc boosted its stake in DXC Technology by 3,525.9% in the fourth quarter. Versant Capital Management Inc now owns 2,103 shares of the company’s stock valued at $48,000 after acquiring an additional 2,045 shares during the period. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DXC Technology

In other DXC Technology news, EVP William L. Deckelman, Jr. sold 18,102 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $21.73, for a total value of $393,356.46. Following the transaction, the executive vice president now owns 124,806 shares of the company’s stock, valued at $2,712,034.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is owned by corporate insiders.

DXC Technology Price Performance

NYSE DXC opened at $19.79 on Thursday. The stock has a market capitalization of $3.62 billion, a P/E ratio of -10.36, a P/E/G ratio of 1.80 and a beta of 1.85. DXC Technology has a 1 year low of $18.61 and a 1 year high of $28.89. The business’s fifty day moving average is $21.07 and its two-hundred day moving average is $21.95. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.11 and a current ratio of 1.11.

DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.10. The company had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.36 billion. DXC Technology had a positive return on equity of 19.00% and a negative net margin of 3.35%. The firm’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 earnings per share. On average, research analysts forecast that DXC Technology will post 3.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DXC has been the topic of a number of recent analyst reports. Guggenheim initiated coverage on DXC Technology in a report on Tuesday, March 19th. They set a “neutral” rating and a $22.00 price target on the stock. Citigroup cut DXC Technology from a “neutral” rating to a “sell” rating and cut their price target for the company from $24.00 to $21.00 in a report on Wednesday, January 17th. JPMorgan Chase & Co. cut DXC Technology from a “neutral” rating to an “underweight” rating and cut their price target for the company from $27.00 to $24.00 in a report on Wednesday, January 24th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 price target on shares of DXC Technology in a report on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, DXC Technology currently has a consensus rating of “Hold” and a consensus target price of $23.20.

DXC Technology Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily 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).