Brooktree Capital Management raised its stake in shares of DXC Technology (NYSE:DXC) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 200,897 shares of the company’s stock after buying an additional 4,720 shares during the quarter. DXC Technology comprises 3.0% of Brooktree Capital Management’s portfolio, making the stock its 9th biggest position. Brooktree Capital Management owned 0.08% of DXC Technology worth $3,586,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of the company. Coastal Investment Management L.P. lifted its stake in shares of DXC Technology by 123.9% during the 2nd quarter. Coastal Investment Management L.P. now owns 150,000 shares of the company’s stock worth $2,475,000 after purchasing an additional 83,000 shares during the last quarter. DAVENPORT & Co LLC bought a new position in DXC Technology in the second quarter valued at about $267,000. World Asset Management Inc raised its position in DXC Technology by 11.7% in the third quarter. World Asset Management Inc now owns 20,330 shares of the company’s stock valued at $363,000 after purchasing an additional 2,130 shares during the last quarter. FIL Ltd raised its position in DXC Technology by 127.6% in the second quarter. FIL Ltd now owns 1,692,001 shares of the company’s stock valued at $27,918,000 after purchasing an additional 948,502 shares during the last quarter. Finally, Price Wealth LLC bought a new stake in shares of DXC Technology in the third quarter worth $57,000. Institutional investors own 84.07% of the company’s stock.
NYSE:DXC traded up $0.19 during trading hours on Tuesday, hitting $21.69. The stock had a trading volume of 26,573 shares, compared to its average volume of 4,218,120. DXC Technology has a one year low of $7.90 and a one year high of $38.37. The company has a 50 day simple moving average of $19.24 and a two-hundred day simple moving average of $17.93. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of -1.41 and a beta of 2.46.
DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.38 by $0.26. DXC Technology had a positive return on equity of 14.79% and a negative net margin of 29.90%. The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same period in the prior year, the company earned $1.38 EPS. The company’s revenue was down 6.1% on a year-over-year basis. Equities research analysts anticipate that DXC Technology will post 1.98 earnings per share for the current year.
In other news, EVP William L. Deckelman, Jr. sold 14,600 shares of the business’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $20.00, for a total transaction of $292,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Raul J. Fernandez purchased 2,415 shares of the business’s stock in a transaction that occurred on Friday, November 13th. The shares were purchased at an average cost of $20.63 per share, with a total value of $49,821.45. Following the completion of the acquisition, the director now directly owns 15,525 shares of the company’s stock, valued at $320,280.75. The disclosure for this purchase can be found here. 0.81% of the stock is owned by corporate insiders.
DXC has been the topic of several recent research reports. Zacks Investment Research raised DXC Technology from a “strong sell” rating to a “hold” rating and set a $19.00 target price on the stock in a report on Thursday, August 6th. ValuEngine cut DXC Technology from a “sell” rating to a “strong sell” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. increased their target price on shares of DXC Technology from $19.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, August 17th. BMO Capital Markets upped their price objective on shares of DXC Technology from $16.00 to $21.00 and gave the company a “market perform” rating in a research note on Monday, August 10th. Finally, Morgan Stanley dropped their price objective on DXC Technology from $33.00 to $31.00 and set an “overweight” rating on the stock in a research note on Friday, November 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. DXC Technology presently has an average rating of “Hold” and a consensus target price of $23.00.
DXC Technology Profile
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers a portfolio of analytics services and extensive partner ecosystem that help its customers to gain rapid insights, automate operations, and accelerate their digital transformation journeys; and software engineering and solutions that enable businesses to run and manage their mission-critical functions, transform their operations, and develop new ways of doing business.
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