Hillsdale Investment Management Inc. Has $7.84 Million Position in DXC Technology Company. $DXC

Hillsdale Investment Management Inc. grew its position in DXC Technology Company. (NYSE:DXC) by 51.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 574,800 shares of the company’s stock after purchasing an additional 195,400 shares during the period. Hillsdale Investment Management Inc.’s holdings in DXC Technology were worth $7,835,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DXC. Royal Bank of Canada increased its position in shares of DXC Technology by 156.3% in the 1st quarter. Royal Bank of Canada now owns 99,930 shares of the company’s stock valued at $1,703,000 after buying an additional 60,935 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of DXC Technology by 4.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,239,558 shares of the company’s stock worth $21,134,000 after acquiring an additional 49,228 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of DXC Technology by 4.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 735,597 shares of the company’s stock worth $12,542,000 after purchasing an additional 34,544 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of DXC Technology by 33.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,465 shares of the company’s stock valued at $328,000 after purchasing an additional 5,408 shares in the last quarter. Finally, CWM LLC grew its position in shares of DXC Technology by 432.6% in the 2nd quarter. CWM LLC now owns 22,615 shares of the company’s stock valued at $346,000 after purchasing an additional 18,369 shares during the period. 96.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Stifel Nicolaus dropped their target price on shares of DXC Technology from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Friday, October 31st. BMO Capital Markets increased their price objective on shares of DXC Technology from $15.00 to $17.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 3rd. Wall Street Zen cut shares of DXC Technology from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Wolfe Research set a $13.00 target price on shares of DXC Technology and gave the stock an “underperform” rating in a research note on Friday, January 30th. Finally, Susquehanna set a $14.00 target price on DXC Technology and gave the stock a “neutral” rating in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $14.71.

Insider Activity at DXC Technology

In related news, CEO Raul J. Fernandez purchased 16,446 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was purchased at an average cost of $15.24 per share, for a total transaction of $250,637.04. Following the completion of the purchase, the chief executive officer directly owned 816,001 shares in the company, valued at $12,435,855.24. This trade represents a 2.06% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Christopher Anthony Voci sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $15.15, for a total value of $37,875.00. Following the sale, the senior vice president owned 88,605 shares in the company, valued at approximately $1,342,365.75. This represents a 2.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.61% of the company’s stock.

DXC Technology Stock Up 0.0%

Shares of DXC stock opened at $13.34 on Friday. The firm’s fifty day moving average price is $14.60 and its two-hundred day moving average price is $13.98. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.91. DXC Technology Company. has a 1 year low of $11.82 and a 1 year high of $20.29. The firm has a market capitalization of $2.27 billion, a P/E ratio of 5.73 and a beta of 1.07.

DXC Technology (NYSE:DXC) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.13. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.18 billion. DXC Technology had a net margin of 3.34% and a return on equity of 17.56%. The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 EPS. On average, equities analysts predict that DXC Technology Company. will post 3.35 EPS for the current fiscal year.

About DXC Technology

DXC Technology, headquartered in Tysons Corner, Virginia, is a global leader in IT services and solutions. The company was formed in 2017 through the merger of Computer Sciences Corporation (CSC) and the Enterprise Services business of Hewlett Packard Enterprise, combining decades of experience in consulting, systems integration and managed services. Since its inception, DXC has focused on helping clients modernize IT environments and drive digital transformation across their organizations.

DXC Technology’s core service offerings encompass cloud and platform services, applications and analytics, security, and workplace and mobility solutions.