Voya Investment Management LLC Has $5.84 Million Stock Position in DXC Technology Company. $DXC

Voya Investment Management LLC lifted its holdings in DXC Technology Company. (NYSE:DXC) by 14.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 428,560 shares of the company’s stock after purchasing an additional 52,794 shares during the period. Voya Investment Management LLC owned 0.24% of DXC Technology worth $5,841,000 at the end of the most recent reporting period.

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

DXC Technology Stock Performance

NYSE DXC opened at $15.10 on Thursday. The company’s fifty day moving average is $13.72 and its two-hundred day moving average is $14.11. DXC Technology Company. has a 52-week low of $11.82 and a 52-week high of $23.75. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 7.44 and a beta of 1.09.

DXC Technology (NYSE:DXC) last released its 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 2.93% and a return on equity of 17.83%. The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter last year, the company earned $0.93 earnings per share. The firm’s revenue was down 2.5% on a year-over-year basis. Equities research analysts forecast that DXC Technology Company. will post 3.35 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of DXC Technology from a “hold” rating to a “buy” rating in a research report on Sunday, November 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of DXC Technology in a report on Wednesday, October 8th. Susquehanna set a $14.00 target price on shares of DXC Technology and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, Stifel Nicolaus lowered 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 given a Sell rating to the company. According to data from MarketBeat.com, DXC Technology presently has an average rating of “Reduce” and an average price target of $15.00.

Insider Activity at DXC Technology

In other news, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $15.15, for a total transaction of $37,875.00. Following the sale, the senior vice president directly owned 88,605 shares in the company, valued at approximately $1,342,365.75. The trade was a 2.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.61% of the company’s stock.

About DXC Technology

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.