XTX Topco Ltd Increases Stock Position in DXC Technology (NYSE:DXC)

XTX Topco Ltd lifted its holdings in shares of DXC Technology (NYSE:DXC) by 294.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,686 shares of the company’s stock after buying an additional 40,085 shares during the quarter. XTX Topco Ltd’s holdings in DXC Technology were worth $1,114,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. William B. Walkup & Associates Inc. purchased a new stake in shares of DXC Technology during the 2nd quarter valued at approximately $26,000. Fifth Third Bancorp increased its holdings in DXC Technology by 40.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock worth $37,000 after acquiring an additional 559 shares during the period. Family Firm Inc. bought a new stake in DXC Technology during the 2nd quarter worth approximately $37,000. Matrix Trust Co bought a new stake in DXC Technology during the 3rd quarter worth approximately $43,000. Finally, Prospera Private Wealth LLC bought a new stake in DXC Technology during the 3rd quarter worth approximately $49,000. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Friday, September 6th. BMO Capital Markets upped their target price on shares of DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a report on Monday, November 11th. Finally, Susquehanna increased their price target on shares of DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.89.

DXC Technology Price Performance

Shares of NYSE:DXC opened at $22.28 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. DXC Technology has a one year low of $14.78 and a one year high of $25.14. The company’s fifty day moving average price is $21.16 and its 200-day moving average price is $19.86. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 278.53, a PEG ratio of 1.44 and a beta of 1.65.

DXC Technology (NYSE:DXC) last released its earnings results on Thursday, November 7th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.72 by $0.21. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.21 billion. During the same quarter last year, the firm earned $0.70 EPS. On average, equities research analysts anticipate that DXC Technology will post 3.18 earnings per share for the current fiscal year.

Insider Activity at DXC Technology

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of the stock in a transaction 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 sale, the senior vice president now owns 83,746 shares of the company’s stock, valued at $1,789,652.02. This represents a 2.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.54% of the stock is owned by insiders.

DXC Technology Company Profile

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).