Hillsdale Investment Management Inc. Has $7.84 Million Position in DXC Technology Company. $DXC

Hillsdale Investment Management Inc. raised its stake in shares of DXC Technology Company. (NYSE:DXC) by 51.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 574,800 shares of the company’s stock after acquiring an additional 195,400 shares during the quarter. Hillsdale Investment Management Inc. owned approximately 0.33% of DXC Technology worth $7,835,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC increased its position in shares of DXC Technology by 97.0% during the 2nd quarter. AQR Capital Management LLC now owns 3,933,973 shares of the company’s stock worth $60,150,000 after purchasing an additional 1,936,726 shares in the last quarter. Norges Bank bought a new stake in DXC Technology during the second quarter worth about $16,589,000. Qube Research & Technologies Ltd increased its holdings in shares of DXC Technology by 1,156.1% during the second quarter. Qube Research & Technologies Ltd now owns 1,132,578 shares of the company’s stock worth $17,317,000 after buying an additional 1,042,409 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of DXC Technology by 3.5% during the third quarter. Vanguard Group Inc. now owns 23,452,271 shares of the company’s stock worth $319,654,000 after buying an additional 800,973 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of DXC Technology in the second quarter valued at approximately $8,716,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

Analyst Ratings Changes

DXC has been the subject of several research analyst reports. Susquehanna set a $14.00 price objective on DXC Technology and gave the company a “neutral” rating in a research report on Friday, October 31st. BMO Capital Markets lifted their price target on DXC Technology from $15.00 to $17.00 and gave the company a “market perform” rating in a report on Tuesday, February 3rd. Stifel Nicolaus reduced their price target on shares of DXC Technology from $15.00 to $14.00 and set a “hold” rating on the stock in a research report on Friday, October 31st. Wall Street Zen cut shares of DXC Technology from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Zacks Research upgraded shares of DXC Technology from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $14.71.

DXC Technology Price Performance

Shares of DXC stock opened at $13.34 on Friday. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 5.73 and a beta of 1.07. DXC Technology Company. has a 12 month low of $11.82 and a 12 month high of $20.29. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.91. The stock has a 50-day moving average price of $14.60 and a 200 day moving average price of $13.98.

DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, January 29th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.13. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.18 billion. DXC Technology had a net margin of 3.34% and a return on equity of 17.56%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 EPS. Research analysts expect that DXC Technology Company. will post 3.35 EPS for the current year.

Insider Buying and Selling

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $15.15, for a total value of $37,875.00. Following the transaction, the senior vice president directly owned 88,605 shares in the company, valued at $1,342,365.75. This trade represents a 2.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Raul J. Fernandez acquired 16,446 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was bought at an average price of $15.24 per share, with a total value of $250,637.04. Following the acquisition, the chief executive officer directly owned 816,001 shares of the company’s stock, valued at $12,435,855.24. The trade was a 2.06% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.61% of the stock is currently owned by company insiders.

DXC Technology Company 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.