Virtus Advisers LLC Sells 81,059 Shares of DXC Technology Company. $DXC

Virtus Advisers LLC lessened its holdings in DXC Technology Company. (NYSE:DXC) by 93.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,842 shares of the company’s stock after selling 81,059 shares during the period. Virtus Advisers LLC’s holdings in DXC Technology were worth $89,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Lido Advisors LLC bought a new position in DXC Technology in the 2nd quarter worth about $243,000. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of DXC Technology by 28.4% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 58,700 shares of the company’s stock worth $898,000 after purchasing an additional 13,000 shares in the last quarter. Norges Bank purchased a new position in shares of DXC Technology during the second quarter worth about $16,589,000. Hsbc Holdings PLC increased its position in shares of DXC Technology by 93.7% in the second quarter. Hsbc Holdings PLC now owns 588,791 shares of the company’s stock worth $9,003,000 after purchasing an additional 284,882 shares during the last quarter. Finally, Choreo LLC raised its stake in DXC Technology by 13.1% in the second quarter. Choreo LLC now owns 56,291 shares of the company’s stock valued at $861,000 after purchasing an additional 6,540 shares in the last quarter. Institutional investors own 96.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on DXC. Susquehanna set a $14.00 price target on shares of DXC Technology and gave the stock a “neutral” rating in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DXC Technology in a report on Wednesday, October 8th. Stifel Nicolaus cut their target price on shares of DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Friday, October 31st. JPMorgan Chase & Co. reduced their target price on DXC Technology from $18.00 to $14.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 20th. Finally, Wall Street Zen upgraded DXC Technology from a “hold” rating to a “buy” rating in a research report on Sunday, November 9th. Six investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $15.00.

DXC Technology Trading Up 0.6%

Shares of DXC stock opened at $13.20 on Monday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a fifty day moving average price of $13.29 and a 200-day moving average price of $14.16. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 6.41 and a beta of 1.15. DXC Technology Company. has a 1 year low of $11.82 and a 1 year high of $23.75.

DXC Technology (NYSE:DXC) last issued 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 net margin of 2.96% and a return on equity of 18.59%. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, equities analysts predict that DXC Technology Company. will post 3.35 earnings per share for the current year.

Insider Buying and Selling at DXC Technology

In related news, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $14.52, for a total transaction of $36,300.00. Following the sale, the senior vice president owned 91,105 shares of the company’s stock, valued at approximately $1,322,844.60. This trade represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is currently owned by company insiders.

DXC Technology Company 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).