Royce & Associates LP Purchases 51,041 Shares of DXC Technology (NYSE:DXC)

Royce & Associates LP raised its holdings in shares of DXC Technology (NYSE:DXC) by 124.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,971 shares of the company’s stock after acquiring an additional 51,041 shares during the quarter. Royce & Associates LP owned approximately 0.05% of DXC Technology worth $1,908,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Fifth Third Bancorp lifted its holdings in DXC Technology by 40.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock worth $37,000 after purchasing an additional 559 shares in the last quarter. Mather Group LLC. boosted its position in shares of DXC Technology by 55.0% during the second 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 last quarter. United Services Automobile Association grew its stake in DXC Technology by 5.0% during the second quarter. United Services Automobile Association now owns 14,333 shares of the company’s stock valued at $274,000 after acquiring an additional 679 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in DXC Technology by 3.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 26,573 shares of the company’s stock valued at $507,000 after acquiring an additional 995 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in DXC Technology by 48.7% in the 3rd quarter. GAMMA Investing LLC now owns 3,425 shares of the company’s stock worth $71,000 after purchasing an additional 1,122 shares in the last quarter. 96.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. 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 price objective on DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. BMO Capital Markets increased their target price on DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada boosted 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 report on Friday, August 9th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, DXC Technology currently has a consensus rating of “Hold” and a consensus price target of $20.89.

Insider Transactions at DXC Technology

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the firm’s stock in a transaction that occurred on 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 directly owns 83,746 shares of the company’s stock, valued at approximately $1,789,652.02. This trade represents a 2.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.54% of the company’s stock.

DXC Technology Stock Performance

Shares of NYSE:DXC opened at $19.59 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. DXC Technology has a 12 month low of $14.78 and a 12 month high of $25.14. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 244.91, a PEG ratio of 1.35 and a beta of 1.67. The firm’s 50-day moving average is $20.77 and its 200 day moving average is $19.48.

DXC Technology (NYSE:DXC) last released its earnings results on Thursday, November 7th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.21. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. The firm had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.21 billion. During the same quarter in the prior year, the firm posted $0.70 earnings per share. Research analysts predict that DXC Technology will post 3.18 EPS for the current year.

DXC Technology 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).