Wedge Capital Management L L P NC Grows Stock Position in DXC Technology Company. $DXC

Wedge Capital Management L L P NC raised its position in DXC Technology Company. (NYSE:DXC) by 47.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,840 shares of the company’s stock after buying an additional 60,528 shares during the quarter. Wedge Capital Management L L P NC’s holdings in DXC Technology were worth $2,560,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. raised its stake in DXC Technology by 7.6% in the 2nd quarter. American Century Companies Inc. now owns 6,995,343 shares of the company’s stock valued at $106,959,000 after acquiring an additional 491,668 shares during the period. State Street Corp boosted its position in DXC Technology by 2.1% during the second quarter. State Street Corp now owns 6,381,982 shares of the company’s stock worth $97,581,000 after purchasing an additional 128,916 shares during the period. AQR Capital Management LLC raised its position in shares of DXC Technology by 97.0% in the second quarter. AQR Capital Management LLC now owns 3,933,973 shares of the company’s stock valued at $60,150,000 after purchasing an additional 1,936,726 shares during the period. Millennium Management LLC lifted its stake in shares of DXC Technology by 1,765.9% during the 1st quarter. Millennium Management LLC now owns 1,652,331 shares of the company’s stock valued at $28,172,000 after buying an additional 1,563,775 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in DXC Technology by 29.6% in the 2nd quarter. First Trust Advisors LP now owns 1,526,677 shares of the company’s stock worth $23,343,000 after buying an additional 348,264 shares during the period. Institutional investors own 96.20% of the company’s stock.

Insider Transactions at DXC Technology

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $15.15, for a total transaction of $37,875.00. Following the completion of the sale, the senior vice president directly owned 88,605 shares in the company, valued at $1,342,365.75. The trade was a 2.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DXC shares. Wall Street Zen raised shares of DXC Technology from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. Susquehanna set a $14.00 price target on DXC Technology and gave the company a “neutral” rating in a research report on Friday, October 31st. Weiss Ratings restated a “sell (d)” rating on shares of DXC Technology in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus decreased their price target on DXC Technology from $15.00 to $14.00 and set a “hold” rating on the stock in a research report on Friday, October 31st. Six research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $15.00.

DXC Technology Price Performance

NYSE:DXC opened at $15.30 on Tuesday. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 7.53 and a beta of 1.09. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a fifty day moving average of $13.65 and a 200 day moving average of $14.11. DXC Technology Company. has a 52-week low of $11.82 and a 52-week high of $23.75.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Friday, October 31st. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.13. DXC Technology had a return on equity of 17.83% and a net margin of 2.93%.The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter last year, the firm posted $0.93 EPS. The company’s revenue was down 2.5% compared to the same quarter last year. On average, research analysts expect that DXC Technology Company. will post 3.35 EPS for the current fiscal year.

DXC Technology Profile

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.