DXC Technology Sees Unusually High Options Volume (NYSE:DXC)

DXC Technology (NYSE:DXC) saw unusually large options trading on Thursday. Traders bought 5,431 put options on the company. This represents an increase of 1,120% compared to the average volume of 445 put options.

Institutional Investors Weigh In On DXC Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its holdings in shares of 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 purchasing an additional 559 shares during the last quarter. United Services Automobile Association raised its holdings in shares of DXC Technology by 5.0% during the 2nd quarter. United Services Automobile Association now owns 14,333 shares of the company’s stock worth $274,000 after acquiring an additional 679 shares during the period. SummerHaven Investment Management LLC increased its holdings in shares of DXC Technology by 3.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 26,573 shares of the company’s stock worth $507,000 after buying an additional 995 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of DXC Technology by 48.7% during the third quarter. GAMMA Investing LLC now owns 3,425 shares of the company’s stock worth $71,000 after buying an additional 1,122 shares during the period. Finally, William B. Walkup & Associates Inc. purchased a new stake in DXC Technology during the 2nd quarter worth approximately $26,000. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Susquehanna raised their price objective on DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. lifted their price objective on shares of DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. Finally, BMO Capital Markets increased their target price on shares of DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat, DXC Technology presently has a consensus rating of “Hold” and a consensus price target of $20.89.

DXC Technology Stock Up 3.9 %

Shares of DXC stock traded up $0.82 during trading hours on Thursday, reaching $21.65. 118,865 shares of the company’s stock were exchanged, compared to its average volume of 2,014,387. The stock has a market cap of $3.92 billion, a PE ratio of 270.66, a PEG ratio of 1.40 and a beta of 1.65. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The stock’s fifty day moving average price is $21.30 and its two-hundred day moving average price is $20.13. DXC Technology has a 1 year low of $14.78 and a 1 year high of $24.83.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.21. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.21 billion. During the same period in the previous year, the company earned $0.70 earnings per share. Research analysts predict that DXC Technology will post 3.18 EPS for the current year.

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).