DXC Technology (NYSE:DXC) SVP Christopher Anthony Voci Sells 2,500 Shares

DXC Technology (NYSE:DXC) SVP Christopher Anthony Voci sold 2,500 shares of the stock in a transaction that occurred 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 directly owns 83,746 shares of the company’s stock, valued at $1,789,652.02. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

DXC Technology Price Performance

NYSE DXC traded up $0.01 on Tuesday, hitting $21.45. 1,504,313 shares of the company’s stock were exchanged, compared to its average volume of 2,294,525. The stock has a 50-day moving average of $19.90 and a 200-day moving average of $19.43. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 57.97, a P/E/G ratio of 1.82 and a beta of 1.67. DXC Technology has a 52 week low of $14.78 and a 52 week high of $25.14. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.21.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.17. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.14 billion. DXC Technology had a return on equity of 19.20% and a net margin of 0.60%. Analysts expect that DXC Technology will post 2.89 earnings per share for the current year.

Institutional Investors Weigh In On DXC Technology

Hedge funds have recently made changes to their positions in the stock. Quarry LP acquired a new position in DXC Technology during the 4th quarter worth approximately $51,000. Principal Financial Group Inc. grew its stake in shares of DXC Technology by 323.0% during the fourth quarter. Principal Financial Group Inc. now owns 997,769 shares of the company’s stock worth $22,819,000 after buying an additional 761,884 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of DXC Technology by 11.5% during the first quarter. BNP Paribas Financial Markets now owns 578,934 shares of the company’s stock worth $12,279,000 after buying an additional 59,751 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of DXC Technology in the 1st quarter valued at $1,452,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of DXC Technology by 16.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 133,344 shares of the company’s stock valued at $2,804,000 after acquiring an additional 19,240 shares during the last quarter. 96.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DXC has been the subject of a number of research reports. Royal Bank of Canada increased their target price on DXC Technology from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th. TD Cowen dropped their price target on shares of DXC Technology from $22.00 to $18.00 and set a “hold” rating on the stock in a research report on Tuesday, May 21st. JPMorgan Chase & Co. raised their price objective on DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a research report on Friday, September 6th. Susquehanna lifted their target price on shares of DXC Technology from $15.00 to $19.00 and gave the stock a “neutral” rating in a report on Wednesday, June 12th. Finally, BMO Capital Markets boosted their price target on DXC Technology from $17.50 to $22.00 and gave the company a “market perform” rating in a research note on Friday, August 9th. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.30.

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).