Headlands Technologies LLC Boosts Stock Holdings in DXC Technology (NYSE:DXC)

Headlands Technologies LLC lifted its position in DXC Technology (NYSE:DXC) by 335.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,062 shares of the company’s stock after buying an additional 10,833 shares during the period. Headlands Technologies LLC’s holdings in DXC Technology were worth $322,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DXC. Truist Financial Corp purchased a new stake in DXC Technology during the 4th quarter worth approximately $276,000. Alaska Permanent Fund Corp lifted its stake in DXC Technology by 2.9% during the 4th quarter. Alaska Permanent Fund Corp now owns 91,912 shares of the company’s stock valued at $2,102,000 after acquiring an additional 2,612 shares during the period. Yousif Capital Management LLC lifted its stake in DXC Technology by 135.8% during the 4th quarter. Yousif Capital Management LLC now owns 103,352 shares of the company’s stock valued at $2,364,000 after acquiring an additional 59,527 shares during the period. GAMMA Investing LLC acquired a new stake in DXC Technology during the 4th quarter valued at approximately $49,000. Finally, Illinois Municipal Retirement Fund lifted its stake in DXC Technology by 72.7% during the 4th quarter. Illinois Municipal Retirement Fund now owns 343,959 shares of the company’s stock valued at $7,866,000 after acquiring an additional 144,762 shares during the period. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Citigroup cut shares of DXC Technology from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $24.00 to $21.00 in a research note on Wednesday, January 17th. JPMorgan Chase & Co. lowered shares of DXC Technology from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $27.00 to $24.00 in a report on Wednesday, January 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $24.00 price objective on shares of DXC Technology in a report on Friday, February 2nd. Finally, Guggenheim began coverage on shares of DXC Technology in a report on Tuesday, March 19th. They issued a “neutral” rating and a $22.00 price objective for the company. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat, DXC Technology presently has an average rating of “Hold” and an average price target of $23.20.

Insider Activity

In other DXC Technology news, EVP William L. Deckelman, Jr. sold 18,102 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $21.73, for a total value of $393,356.46. Following the transaction, the executive vice president now directly owns 124,806 shares of the company’s stock, valued at approximately $2,712,034.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.87% of the company’s stock.

DXC Technology Trading Down 1.4 %

Shares of DXC opened at $20.08 on Friday. The company’s 50-day simple moving average is $20.85 and its 200-day simple moving average is $21.90. DXC Technology has a 1 year low of $18.61 and a 1 year high of $28.89. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.11 and a quick ratio of 1.11.

DXC Technology (NYSE:DXC) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.77 by $0.10. The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.36 billion. DXC Technology had a negative net margin of 3.35% and a positive return on equity of 19.00%. The firm’s revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 earnings per share. On average, research analysts forecast that DXC Technology will post 3.03 EPS for the current year.

About DXC Technology

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily 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).