Nisa Investment Advisors LLC Sells 3,735 Shares of DXC Technology (NYSE:DXC)

Nisa Investment Advisors LLC cut its stake in DXC Technology (NYSE:DXC) by 18.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,885 shares of the company’s stock after selling 3,735 shares during the quarter. Nisa Investment Advisors LLC’s holdings in DXC Technology were worth $350,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. William B. Walkup & Associates Inc. purchased a new position in shares of DXC Technology during the second quarter valued at about $26,000. Mather Group LLC. grew its holdings in shares of DXC Technology by 55.0% during the 2nd quarter. Mather Group LLC. now owns 1,637 shares of the company’s stock worth $35,000 after acquiring an additional 581 shares during the period. Family Firm Inc. bought a new position in shares of DXC Technology in the 2nd quarter worth approximately $37,000. Fifth Third Bancorp lifted its stake in shares of DXC Technology by 40.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock valued at $37,000 after purchasing an additional 559 shares during the period. Finally, Matrix Trust Co purchased a new position in shares of DXC Technology in the 3rd quarter valued at approximately $43,000. 96.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DXC shares. JPMorgan Chase & Co. increased their price objective on DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Friday, September 6th. Royal Bank of Canada increased their price target on shares of DXC Technology from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Finally, BMO Capital Markets boosted their price objective on shares of DXC Technology from $17.50 to $22.00 and gave the stock a “market perform” rating in a research note on Friday, August 9th. Two research 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 company has an average rating of “Hold” and a consensus price target of $20.11.

DXC Technology Stock Performance

Shares of DXC stock opened at $20.77 on Wednesday. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 60.44, a price-to-earnings-growth ratio of 1.75 and a beta of 1.67. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.21 and a current ratio of 1.21. DXC Technology has a one year low of $14.78 and a one year high of $25.14. The company’s 50-day moving average is $20.61 and its 200 day moving average is $19.37.

DXC Technology (NYSE:DXC) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.17. The firm had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.14 billion. DXC Technology had a net margin of 0.60% and a return on equity of 19.20%. Sell-side analysts expect that DXC Technology will post 2.89 EPS for the current fiscal year.

Insider Buying and Selling at DXC Technology

In other news, EVP Mary E. Finch sold 31,047 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $19.36, for a total transaction of $601,069.92. Following the transaction, the executive vice president now directly owns 325,665 shares of the company’s stock, valued at $6,304,874.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other DXC Technology news, EVP Mary E. Finch sold 31,047 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $19.36, for a total value of $601,069.92. Following the completion of the transaction, the executive vice president now owns 325,665 shares of the company’s stock, valued at approximately $6,304,874.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Christopher Anthony Voci sold 2,500 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $21.37, for a total transaction of $53,425.00. Following the transaction, the senior vice president now owns 83,746 shares in the company, valued at $1,789,652.02. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

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).