DXC Technology (NYSE:DXC) Shares Sold by Comerica Bank
Comerica Bank reduced its position in shares of DXC Technology (NYSE:DXC - Get Rating) by 9.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,073 shares of the company's stock after selling 10,286 shares during the period. Comerica Bank's holdings in DXC Technology were worth $2,736,000 at the end of the most recent quarter.
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A number of other hedge funds have also recently bought and sold shares of the company. Lapides Asset Management LLC grew its holdings in DXC Technology by 35.8% during the third quarter. Lapides Asset Management LLC now owns 182,500 shares of the company's stock worth $4,468,000 after acquiring an additional 48,100 shares during the period. CWM LLC boosted its position in shares of DXC Technology by 28.6% in the 3rd quarter. CWM LLC now owns 2,687 shares of the company's stock valued at $66,000 after purchasing an additional 598 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of DXC Technology by 10.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 527,167 shares of the company's stock valued at $12,907,000 after purchasing an additional 50,256 shares during the period. Strs Ohio acquired a new position in shares of DXC Technology in the 3rd quarter valued at $834,000. Finally, Arnhold LLC boosted its position in shares of DXC Technology by 1.4% in the 3rd quarter. Arnhold LLC now owns 578,826 shares of the company's stock valued at $14,170,000 after purchasing an additional 7,907 shares during the period. 89.19% of the stock is owned by institutional investors and hedge funds.
DXC Technology Trading Up 1.0 %
Shares of NYSE DXC opened at $29.10 on Wednesday. DXC Technology has a one year low of $22.65 and a one year high of $39.65. The firm has a market capitalization of $6.69 billion, a PE ratio of 9.48, a PEG ratio of 0.68 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. The business has a 50-day moving average price of $27.91 and a two-hundred day moving average price of $27.71.
DXC Technology (NYSE:DXC - Get Rating) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.03. DXC Technology had a return on equity of 15.59% and a net margin of 4.93%. The firm had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.56 billion. As a group, analysts predict that DXC Technology will post 3.49 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Raul J. Fernandez sold 5,000 shares of DXC Technology stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $29.75, for a total transaction of $148,750.00. Following the completion of the sale, the director now directly owns 47,092 shares in the company, valued at approximately $1,400,987. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Raul J. Fernandez sold 5,000 shares of DXC Technology stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $29.75, for a total transaction of $148,750.00. Following the completion of the sale, the director now directly owns 47,092 shares in the company, valued at approximately $1,400,987. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Raul J. Fernandez sold 10,000 shares of DXC Technology stock in a transaction dated 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 disclosure for this sale can be found here. 0.47% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the company. Royal Bank of Canada increased their price target on DXC Technology from $34.00 to $38.00 and gave the company an "outperform" rating in a research report on Monday, November 7th. JPMorgan Chase & Co. upgraded DXC Technology from an "underweight" rating to a "neutral" rating and increased their price target for the company from $31.00 to $33.00 in a research report on Thursday, December 15th. Finally, BMO Capital Markets decreased their price target on DXC Technology from $36.00 to $33.00 and set an "outperform" rating for the company in a research report on Friday, November 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $35.09.
DXC Technology 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.
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