Carolina Wealth Advisors LLC Takes $79,000 Position in DXC Technology (NYSE:DXC)

Carolina Wealth Advisors LLC purchased a new position in shares of DXC Technology (NYSE:DXC) during the third quarter, HoldingsChannel reports. The firm purchased 3,819 shares of the company’s stock, valued at approximately $79,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DXC. William B. Walkup & Associates Inc. acquired a new position in shares of DXC Technology during the second quarter worth approximately $26,000. Mather Group LLC. raised its holdings in DXC Technology by 55.0% during the second quarter. Mather Group LLC. now owns 1,637 shares of the company’s stock worth $35,000 after buying an additional 581 shares during the last quarter. Family Firm Inc. bought a new position in shares of DXC Technology in the second quarter valued at $37,000. Fifth Third Bancorp lifted its stake in shares of DXC Technology by 40.1% in the second quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock valued at $37,000 after buying an additional 559 shares in the last quarter. Finally, Matrix Trust Co acquired a new position in shares of DXC Technology during the third quarter valued at about $43,000. Institutional investors own 96.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on DXC shares. Royal Bank of Canada boosted their price objective on DXC Technology from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th. JPMorgan Chase & Co. lifted their price objective on shares of DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Friday, September 6th. Finally, BMO Capital Markets increased their target price on shares of DXC Technology from $17.50 to $22.00 and gave the company a “market perform” rating in a report on Friday, August 9th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, DXC Technology presently has an average rating of “Hold” and an average target price of $20.11.

Insider Transactions at DXC Technology

In other news, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology stock in a transaction dated Friday, September 13th. The stock was 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of the firm’s stock in a transaction 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 sale, the senior vice president now owns 83,746 shares of the company’s stock, valued at $1,789,652.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mary E. Finch sold 31,047 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $19.36, for a total transaction of $601,069.92. Following the transaction, the executive vice president now directly owns 325,665 shares of the company’s stock, valued at approximately $6,304,874.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

DXC Technology Stock Performance

Shares of DXC stock traded down $0.23 on Monday, hitting $20.82. 233,343 shares of the stock were exchanged, compared to its average volume of 2,196,799. DXC Technology has a one year low of $14.78 and a one year high of $25.14. The firm’s 50 day moving average is $20.48 and its two-hundred day moving average is $19.39. The firm has a market capitalization of $3.75 billion, a PE ratio of 56.89, a P/E/G ratio of 1.77 and a beta of 1.67. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.21.

DXC Technology (NYSE:DXC) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.57 by $0.17. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.14 billion. DXC Technology had a net margin of 0.60% and a return on equity of 19.20%. Sell-side analysts expect that DXC Technology will post 2.89 earnings per share for the current fiscal year.

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).