Boundary Creek Advisors LP Has $20.69 Million Position in DXC Technology (NYSE:DXC)
Boundary Creek Advisors LP increased its position in shares of DXC Technology (NYSE:DXC - Get Rating) by 20.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 845,267 shares of the company's stock after buying an additional 141,799 shares during the quarter. DXC Technology comprises about 0.6% of Boundary Creek Advisors LP's portfolio, making the stock its 9th biggest position. Boundary Creek Advisors LP owned approximately 0.37% of DXC Technology worth $20,692,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in shares of DXC Technology by 52.2% in the first quarter. American Century Companies Inc. now owns 80,959 shares of the company's stock valued at $2,641,000 after buying an additional 27,781 shares in the last quarter. US Bancorp DE raised its holdings in shares of DXC Technology by 10.6% in the 1st quarter. US Bancorp DE now owns 20,835 shares of the company's stock worth $681,000 after acquiring an additional 1,993 shares during the last quarter. HighTower Advisors LLC lifted its position in DXC Technology by 11.7% in the 1st quarter. HighTower Advisors LLC now owns 8,776 shares of the company's stock valued at $284,000 after acquiring an additional 921 shares in the last quarter. Acadian Asset Management LLC boosted its stake in DXC Technology by 432.5% during the 1st quarter. Acadian Asset Management LLC now owns 16,497 shares of the company's stock valued at $538,000 after purchasing an additional 13,399 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in DXC Technology by 19.3% during the 1st quarter. MetLife Investment Management LLC now owns 66,501 shares of the company's stock worth $2,170,000 after purchasing an additional 10,773 shares in the last quarter. Institutional investors own 89.19% of the company's stock.
Insiders Place Their Bets
In other news, Director Raul J. Fernandez sold 10,000 shares of the business's stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $29.39, for a total value of $293,900.00. Following the sale, the director now owns 52,092 shares of the company's stock, valued at $1,530,983.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Raul J. Fernandez sold 10,000 shares of DXC Technology stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $29.39, for a total value of $293,900.00. Following the completion of the transaction, the director now directly owns 52,092 shares in the company, valued at approximately $1,530,983.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Raul J. Fernandez sold 5,000 shares of the business's stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $29.75, for a total transaction of $148,750.00. Following the sale, the director now directly owns 47,092 shares in the company, valued at approximately $1,400,987. The disclosure for this sale can be found here. Company insiders own 0.47% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the company. Susquehanna lowered DXC Technology from a "positive" rating to a "neutral" rating and dropped their target price for the company from $39.00 to $31.00 in a report on Friday, September 16th. Royal Bank of Canada boosted their price target on shares of DXC Technology from $34.00 to $38.00 and gave the stock an "outperform" rating in a report on Monday, November 7th. JPMorgan Chase & Co. upgraded shares of DXC Technology from an "underweight" rating to a "neutral" rating and increased their price objective for the company from $31.00 to $33.00 in a research note on Thursday, December 15th. BMO Capital Markets dropped their target price on shares of DXC Technology from $36.00 to $33.00 and set an "outperform" rating on the stock in a research report on Friday, November 4th. Finally, Susquehanna Bancshares lowered DXC Technology to a "neutral" rating and reduced their target price for the company from $39.00 to $31.00 in a report on Friday, September 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, DXC Technology presently has an average rating of "Hold" and an average target price of $35.09.
DXC Technology Trading Up 1.8 %
NYSE:DXC opened at $28.82 on Friday. The firm's 50 day moving average is $27.88 and its 200 day moving average is $27.79. DXC Technology has a 12 month low of $22.65 and a 12 month high of $39.65. The stock has a market capitalization of $6.63 billion, a PE ratio of 9.39, a price-to-earnings-growth ratio of 0.66 and a beta of 1.92. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.75.
DXC Technology (NYSE:DXC - Get Rating) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.03. The firm had revenue of $3.57 billion for the quarter, compared to analysts' expectations of $3.56 billion. DXC Technology had a return on equity of 15.59% and a net margin of 4.93%. Sell-side analysts expect that DXC Technology will post 3.49 earnings per share for the current year.
DXC Technology Company Profile
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers a portfolio of analytics services and extensive partner ecosystem that help its customers to gain rapid insights, automate operations, and accelerate their digital transformation journeys; and software engineering, consulting, and data analytics solutions that enable businesses to run and manage their mission-critical functions, transform their operations, and develop new ways of doing business.
Further Reading
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