Maverick Capital Ltd. Has $1.11 Million Stock Holdings in DXC Technology (NYSE:DXC)

Maverick Capital Ltd. cut its position in shares of DXC Technology (NYSE:DXC) by 14.2% in the third quarter, Holdings Channel reports. The firm owned 53,478 shares of the company’s stock after selling 8,839 shares during the period. Maverick Capital Ltd.’s holdings in DXC Technology were worth $1,110,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DXC. Qsemble Capital Management LP acquired a new stake in shares of DXC Technology in the 3rd quarter valued at $218,000. Dynamic Technology Lab Private Ltd bought a new position in shares of DXC Technology in the 3rd quarter valued at approximately $1,904,000. Algert Global LLC lifted its holdings in DXC Technology by 283.5% in the 3rd quarter. Algert Global LLC now owns 70,610 shares of the company’s stock worth $1,465,000 after purchasing an additional 52,200 shares during the last quarter. Cerity Partners LLC boosted its position in DXC Technology by 109.7% during the third quarter. Cerity Partners LLC now owns 38,752 shares of the company’s stock worth $804,000 after purchasing an additional 20,269 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in DXC Technology by 4.7% during the third quarter. Pacer Advisors Inc. now owns 20,140,488 shares of the company’s stock valued at $417,915,000 after purchasing an additional 899,510 shares during the last quarter. Institutional investors own 96.20% of the company’s stock.

DXC Technology Stock Up 0.5 %

Shares of DXC stock opened at $22.50 on Friday. The stock has a market cap of $4.07 billion, a P/E ratio of 281.25, a price-to-earnings-growth ratio of 1.45 and a beta of 1.67. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a fifty day moving average price of $20.94 and a 200 day moving average price of $19.63. DXC Technology has a one year low of $14.78 and a one year high of $25.14.

DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, November 7th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.21. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.21 billion. During the same period in the previous year, the business earned $0.70 EPS. Analysts predict that DXC Technology will post 3.18 earnings per share for the current year.

Insider Buying and Selling at DXC Technology

In other news, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $21.37, for a total value of $53,425.00. Following the completion of the transaction, the senior vice president now owns 83,746 shares in the company, valued at approximately $1,789,652.02. The trade was a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DXC. JPMorgan Chase & Co. boosted their price objective on shares of DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. Susquehanna raised their target price on DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Royal Bank of Canada upped their price target on DXC Technology from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th. Finally, BMO Capital Markets increased their price target on shares of DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $20.89.

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).