Clark Estates Inc. NY Lowers Stock Holdings in DXC Technology (NYSE:DXC)

Clark Estates Inc. NY lessened its stake in DXC Technology (NYSE:DXC) by 7.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,000 shares of the company’s stock after selling 10,000 shares during the period. Clark Estates Inc. NY owned 0.07% of DXC Technology worth $2,594,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Qsemble Capital Management LP purchased a new position in DXC Technology during the 3rd quarter worth $218,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of DXC Technology during the third quarter worth about $1,904,000. Algert Global LLC lifted its position in DXC Technology by 283.5% in the third 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 boosted 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 purchasing 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 purchasing an additional 899,510 shares during the period. 96.20% of the stock is owned by institutional investors and hedge funds.

DXC Technology Price Performance

DXC Technology stock opened at $22.53 on Wednesday. DXC Technology has a 12-month low of $14.78 and a 12-month high of $25.14. The firm’s 50-day moving average is $20.84 and its two-hundred day moving average is $19.55. The stock has a market capitalization of $4.08 billion, a P/E ratio of 281.66, a P/E/G ratio of 1.46 and a beta of 1.67. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25.

DXC Technology (NYSE:DXC) last issued its quarterly earnings results 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 return on equity of 20.42% and a net margin of 0.18%. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.21 billion. During the same period last year, the company earned $0.70 EPS. Equities analysts predict that DXC Technology will post 3.18 earnings per share for the current year.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of research firms have recently weighed in on DXC. Susquehanna upped their price target on shares of DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Royal Bank of Canada lifted their price target on shares of DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. 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 report on Friday, September 6th. Finally, BMO Capital Markets lifted their price target on DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, DXC Technology has an average rating of “Hold” and an average target price of $20.89.

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).