Bridgewater Associates LP Has $3.98 Million Position in DXC Technology (NYSE:DXC)

Bridgewater Associates LP lessened its stake in shares of DXC Technology (NYSE:DXC) by 40.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 191,637 shares of the company’s stock after selling 129,358 shares during the quarter. Bridgewater Associates LP owned about 0.11% of DXC Technology worth $3,976,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Qsemble Capital Management LP acquired a new stake in DXC Technology during the third quarter worth approximately $218,000. Dynamic Technology Lab Private Ltd acquired a new stake in DXC Technology during the 3rd quarter worth approximately $1,904,000. Algert Global LLC boosted its stake in DXC Technology by 283.5% in the 3rd quarter. Algert Global LLC now owns 70,610 shares of the company’s stock valued at $1,465,000 after purchasing an additional 52,200 shares during the period. Cerity Partners LLC grew its holdings in DXC Technology by 109.7% in the 3rd quarter. Cerity Partners LLC now owns 38,752 shares of the company’s stock valued at $804,000 after buying an additional 20,269 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in DXC Technology by 4.7% during the 3rd quarter. Pacer Advisors Inc. now owns 20,140,488 shares of the company’s stock worth $417,915,000 after buying an additional 899,510 shares during the period. Institutional investors own 96.20% of the company’s stock.

Insider Activity at DXC Technology

In other news, SVP Christopher Anthony Voci sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $21.37, for a total value of $53,425.00. Following the completion of the transaction, the senior vice president now owns 83,746 shares of the company’s stock, valued at $1,789,652.02. This represents a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.54% of the stock is currently owned by company insiders.

DXC Technology Stock Up 0.5 %

Shares of NYSE DXC opened at $22.49 on Friday. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 281.16, a PEG ratio of 1.45 and a beta of 1.67. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. DXC Technology has a 12 month low of $14.78 and a 12 month high of $25.14. The stock has a 50-day moving average price of $20.92 and a two-hundred day moving average price of $19.61.

DXC Technology (NYSE:DXC) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.21. DXC Technology had a net margin of 0.18% and a return on equity of 20.42%. The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.21 billion. During the same period in the prior year, the company earned $0.70 EPS. As a group, analysts forecast that DXC Technology will post 3.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DXC shares. Susquehanna upped their price target on shares of DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. BMO Capital Markets lifted their price target on shares of DXC Technology from $22.00 to $25.00 and gave the company a “market perform” rating in a research report on Monday, November 11th. Royal Bank of Canada lifted their price objective on DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. upped their target price on DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a research report on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $20.89.

DXC Technology 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).