DXC Technology (NYSE:DXC) SVP Christopher Anthony Voci Sells 2,500 Shares

DXC Technology (NYSE:DXC) 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 sale, the senior vice president now directly owns 83,746 shares in the company, valued at approximately $1,789,652.02. The sale was disclosed in a legal filing with the SEC, which is available at this link.

DXC Technology Price Performance

DXC Technology stock opened at $21.45 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.21. The firm’s 50-day simple moving average is $19.90 and its 200 day simple moving average is $19.43. DXC Technology has a 52 week low of $14.78 and a 52 week high of $25.14. The firm has a market capitalization of $3.87 billion, a PE ratio of 57.97, a P/E/G ratio of 1.82 and a beta of 1.67.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.17. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.14 billion. DXC Technology had a net margin of 0.60% and a return on equity of 19.20%. On average, equities research analysts predict that DXC Technology will post 2.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DXC. BMO Capital Markets raised their price target on DXC Technology from $17.50 to $22.00 and gave the company a “market perform” rating in a report on Friday, August 9th. Royal Bank of Canada raised their target price on DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. JPMorgan Chase & Co. upped their price target 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 increased their price target on shares of DXC Technology from $15.00 to $19.00 and gave the company a “neutral” rating in a report on Wednesday, June 12th. Finally, TD Cowen decreased their price objective on shares of DXC Technology from $22.00 to $18.00 and set a “hold” rating on the stock in a report on Tuesday, May 21st. Three analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, DXC Technology presently has an average rating of “Hold” and a consensus price target of $20.30.

Institutional Investors Weigh In On DXC Technology

A number of large investors have recently bought and sold shares of the stock. Pacer Advisors Inc. lifted its position in shares of DXC Technology by 30.4% in the second quarter. Pacer Advisors Inc. now owns 19,240,978 shares of the company’s stock valued at $367,310,000 after acquiring an additional 4,489,924 shares in the last quarter. Glenview Capital Management LLC raised its stake in DXC Technology by 33.6% in the 4th quarter. Glenview Capital Management LLC now owns 13,006,623 shares of the company’s stock valued at $297,461,000 after purchasing an additional 3,272,212 shares during the last quarter. FIL Ltd lifted its holdings in DXC Technology by 4.2% in the 4th quarter. FIL Ltd now owns 6,598,101 shares of the company’s stock valued at $150,899,000 after purchasing an additional 267,480 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of DXC Technology by 20.8% during the 2nd quarter. American Century Companies Inc. now owns 3,991,295 shares of the company’s stock worth $76,194,000 after purchasing an additional 687,522 shares during the last quarter. Finally, LSV Asset Management grew its holdings in shares of DXC Technology by 0.8% during the second quarter. LSV Asset Management now owns 3,436,128 shares of the company’s stock worth $65,596,000 after buying an additional 26,186 shares in the last quarter. Institutional investors and hedge funds own 96.20% 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).