Samson Rock Capital LLP acquired a new position in DXC Technology (NYSE: DXC – Get Rating) in the third quarter, according to a recent disclosure to the Securities and Exchange Commission, the fund said, with approximately $1,616,000 worth of the company’s stock. Acquired 66,000 shares. DXC Technology represents approximately 1.2% of Samson Rock Capital LLP’s holdings, making it its ninth largest holding.
Other institutional investors and hedge funds have also changed their stakes in the company recently. Private Trust Co. NA bought a new stake in his DXC Technology worth about $25,000 in the second quarter. Concord Wealth Partners increased his DXC Technology stock position by 169.1% in the second quarter. Concord Wealth Partners now owns 993 of his shares worth $30,000 after purchasing an additional 624 of his shares during the last quarter. Ellevest Inc. increased his position in DXC Technology stock by 264.1% in the third quarter. Ellevest Inc. now owns 1,398 shares of the company worth $34,000 after he purchased an additional 1,014 shares during the previous quarter. EverSource Wealth Advisors LLC increased its position in DXC Technology stock by 66.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,403 of his shares worth $42,000 after purchasing an additional 560 shares last quarter. Finally, Asset Management One Co. Ltd. increased its equity position in DXC Technology by 30.0% in the third quarter. Asset Management One Co. Ltd. now owns 1,832 shares of the company worth $44,000 after purchasing an additional 423 shares during the previous quarter. Hedge funds and other institutional investors own 89.19% of the company’s shares.
DXC Technology Stock Performance
NYSE DXC rose $0.15 to $28.71 on Friday. 56,533 shares of the company’s stock were hand traded, compared to an average trading volume of 1,301,668. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt to equity ratio of 0.75. DXC Technology’s one year low is $22.65 and one year high is $39.65. The company has a 50-day moving average price of $27.87 and a 200-day moving average price of $27.67. The company has a market capitalization of $6.61 billion, a PE ratio of 9.30, a P/E/G ratio of 0.66 and a beta of 1.92.
DXC Technology (NYSE:DXC – Get Rating) last announced quarterly earnings data on Thursday, November 3. The company reported quarterly EPS of $0.75, $0.03 above consensus expectations of $0.72. DXC Technology posted a net profit margin of 4.93% and a return on equity of 15.59%. The business generated $3.57 billion in revenue for the quarter, compared to analyst estimates of $3.56 billion. As a group, the analyst expects DXC Technology to record 3.48 EPS this year.
Insider activity at DXC Technology
In related news, director Raul J. Fernandez sold 5,000 shares of the company in a deal on Wednesday, November 23rd. The shares were sold at an average price of $29.75 for a total of $148,750.00. Following the closing of the transaction, the directors now own 47,092 shares of the company directly, valued at approximately $1,400,987. The deal is disclosed in documents filed with the SEC and can be accessed at the SEC’s website. In related news, director Raul J. Fernandez sold 5,000 shares of the company in a deal on Wednesday, November 23rd. The shares sold at an average price of $29.75 for a total of $148,750.00. Following the closing of the transaction, the directors now own 47,092 shares of the company directly, valued at approximately $1,400,987. The deal is disclosed in documents filed with the SEC and can be accessed at the SEC’s website. Director Raul J. Fernandez also sold 10,000 shares of the company in a transaction on Friday, November 11th. The shares sold for an average of $29.39, and the total transaction value he had was $293,900.00. Following the closing of the transaction, the Directors now own 52,092 shares of the Company’s stock valued at $1,530,983.88. Please see here for the disclosure of this sale. A company insider owns his 0.47% of the company’s shares.
Analyst Rating Change
DXC has been the subject of many recent analyst reports. BMO Capital Markets lowered its price target on DXC Technology from $36.00 to $33.00 in its research notes on Friday, November 4, setting the company’s “Outperform” rating. JPMorgan Chase & Company raised DXC Technology’s stock from an ‘underweight’ rating to a ‘neutral’ rating and raised the stock’s target price from $31.00 to $33.00 in a research note on Thursday, Dec. 15. I was. Moffett Nathanson downgraded DXC Technology’s stock from a ‘market performing’ rating to an ‘underperforming’ rating and lowered his price target from his $32.00 to his $28.00 in his Thursday, January 19 research notes. I was. Finally, Royal Bank of Canada raised his price target on DXC Technology stock from $34.00 to $38.00, giving it an “outperform” rating in its research notes on Monday, November 7. Two investment analysts gave the stock a sell rating, four issued a pending rating, and four assigned a buy rating to the stock. Based on MarketBeat data, DXC Technology’s current consensus rating is “Hold” with an average price target of $34.50.
About DXC Technology
DXC Technology Co provides technology consulting, outsourcing and support services. It operates through the segments Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment provides technology solutions that help clients meet their challenges and accelerate their digital transformation tailored to each client’s specific objectives.
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