Moran Wealth Management LLC Purchases Shares of 116,330 DXC Technology (NYSE:DXC)

Moran Wealth Management LLC purchased a new position in shares of DXC Technology (NYSE:DXC) during the third quarter, Holdings Channel.com reports. The fund purchased 116,330 shares of the company’s stock, valued at approximately $2,414,000.

Several other hedge funds have also recently modified their holdings of DXC. Mitsubishi UFJ Trust & Banking Corp grew its position in DXC Technology by 16.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 133,344 shares of the company’s stock worth $2,804,000 after purchasing an additional 19,240 shares during the last quarter. Millennium Management LLC grew its holdings in shares of DXC Technology by 352.6% during the second quarter. Millennium Management LLC now owns 625,197 shares of the company’s stock valued at $11,935,000 after buying an additional 487,072 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in shares of DXC Technology in the 1st quarter valued at $882,000. Susquehanna Fundamental Investments LLC purchased a new position in DXC Technology in the 2nd quarter worth $3,483,000. Finally, Toronto Dominion Bank lifted its position in DXC Technology by 683,853.2% during the 1st quarter. Toronto Dominion Bank now owns 745,509 shares of the company’s stock worth $15,812,000 after acquiring an additional 745,400 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.

Insider Transactions at DXC Technology

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction on Friday, September 13th. The stock was sold at an average price of $21.37, for a total value of $53,425.00. Following the sale, the senior vice president now owns 83,746 shares in the company, valued at $1,789,652.02. The trade was a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.54% of the company’s stock.

DXC Technology Stock Up 3.2 %

DXC stock opened at $21.85 on Friday. DXC Technology has a one year low of $14.78 and a one year high of $25.14. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The firm’s fifty day moving average is $20.80 and its 200 day moving average is $19.51. The firm has a market cap of $3.96 billion, a PE ratio of 273.16, a P/E/G ratio of 1.27 and a beta of 1.67.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DXC. Royal Bank of Canada increased their price objective on DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. JPMorgan Chase & Co. increased their price target 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 lifted their price objective 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. Finally, Susquehanna increased their price objective on shares of DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $20.89.

About DXC Technology

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).