Headlands Technologies LLC Has $322,000 Stake in DXC Technology (NYSE:DXC)

Headlands Technologies LLC boosted its stake in DXC Technology (NYSE:DXC) by 335.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,062 shares of the company’s stock after buying an additional 10,833 shares during the quarter. Headlands Technologies LLC’s holdings in DXC Technology were worth $322,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. CWM LLC boosted its stake in DXC Technology by 108.4% in the third quarter. CWM LLC now owns 6,952 shares of the company’s stock worth $145,000 after purchasing an additional 3,616 shares in the last quarter. Czech National Bank boosted its stake in DXC Technology by 33.1% in the third quarter. Czech National Bank now owns 35,861 shares of the company’s stock worth $747,000 after purchasing an additional 8,908 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in DXC Technology by 23.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 147,965 shares of the company’s stock worth $3,082,000 after purchasing an additional 27,839 shares in the last quarter. Xponance Inc. boosted its stake in DXC Technology by 5.0% in the third quarter. Xponance Inc. now owns 36,464 shares of the company’s stock worth $760,000 after purchasing an additional 1,720 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in DXC Technology by 12.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,127 shares of the company’s stock worth $878,000 after purchasing an additional 4,798 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

Insider Activity at DXC Technology

In other DXC Technology news, EVP William L. Deckelman, Jr. sold 18,102 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $21.73, for a total value of $393,356.46. Following the completion of the transaction, the executive vice president now directly owns 124,806 shares of the company’s stock, valued at $2,712,034.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

DXC Technology Trading Down 1.4 %

NYSE DXC opened at $20.08 on Friday. The stock has a 50-day simple moving average of $20.85 and a 200 day simple moving average of $21.90. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.15. DXC Technology has a 12 month low of $18.61 and a 12 month high of $28.89.

DXC Technology (NYSE:DXC) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.10. The business had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.36 billion. DXC Technology had a positive return on equity of 19.00% and a negative net margin of 3.35%. The firm’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.95 earnings per share. On average, analysts expect that DXC Technology will post 3.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on DXC. Citigroup lowered DXC Technology from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $24.00 to $21.00 in a research note on Wednesday, January 17th. JPMorgan Chase & Co. downgraded DXC Technology from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $27.00 to $24.00 in a research report on Wednesday, January 24th. Guggenheim assumed coverage on DXC Technology in a research report on Tuesday, March 19th. They set a “neutral” rating and a $22.00 target price for the company. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $24.00 target price on shares of DXC Technology in a research report on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.20.

DXC Technology Company Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily 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).