Creative Planning Acquires 2,659 Shares of DXC Technology (NYSE:DXC)

Creative Planning boosted its holdings in DXC Technology (NYSE:DXC) by 9.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,993 shares of the company’s stock after purchasing an additional 2,659 shares during the quarter. Creative Planning’s holdings in DXC Technology were worth $573,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Pacer Advisors Inc. grew its stake in DXC Technology by 30.4% during the second quarter. Pacer Advisors Inc. now owns 19,240,978 shares of the company’s stock valued at $367,310,000 after acquiring an additional 4,489,924 shares in the last quarter. Marshall Wace LLP grew its position in shares of DXC Technology by 1,047.3% during the second quarter. Marshall Wace LLP now owns 820,585 shares of the company’s stock valued at $15,665,000 after purchasing an additional 749,060 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of DXC Technology by 683,853.2% in the first quarter. Toronto Dominion Bank now owns 745,509 shares of the company’s stock worth $15,812,000 after purchasing an additional 745,400 shares during the last quarter. American Century Companies Inc. boosted its stake in DXC Technology by 20.8% during the second quarter. American Century Companies Inc. now owns 3,991,295 shares of the company’s stock valued at $76,194,000 after buying an additional 687,522 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in DXC Technology by 352.6% during the 2nd quarter. Millennium Management LLC now owns 625,197 shares of the company’s stock valued at $11,935,000 after buying an additional 487,072 shares in the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at DXC Technology

In other news, EVP Mary E. Finch sold 31,047 shares of DXC Technology stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $19.36, for a total transaction of $601,069.92. Following the completion of the transaction, the executive vice president now directly owns 325,665 shares of the company’s stock, valued at $6,304,874.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Christopher Anthony Voci sold 2,500 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $21.37, for a total transaction of $53,425.00. Following the completion of the sale, the senior vice president now owns 83,746 shares of the company’s stock, valued at $1,789,652.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mary E. Finch sold 31,047 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $19.36, for a total value of $601,069.92. Following the completion of the transaction, the executive vice president now owns 325,665 shares in the company, valued at approximately $6,304,874.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. BMO Capital Markets upped their price objective on DXC Technology from $17.50 to $22.00 and gave the stock a “market perform” rating in a report on Friday, August 9th. Royal Bank of Canada upped their target price 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. Finally, JPMorgan Chase & Co. boosted their price objective on DXC Technology from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $20.30.

DXC Technology Price Performance

DXC opened at $20.02 on Monday. The firm has a market capitalization of $3.61 billion, a PE ratio of 54.11, a price-to-earnings-growth ratio of 1.77 and a beta of 1.67. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.21 and a quick ratio of 1.21. The business’s 50-day moving average is $20.26 and its two-hundred day moving average is $19.41. DXC Technology has a 1 year low of $14.78 and a 1 year high of $25.14.

DXC Technology (NYSE:DXC) last announced 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. DXC Technology had a net margin of 0.60% and a return on equity of 19.20%. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.14 billion. Research analysts anticipate that DXC Technology will post 2.89 earnings per share for the current fiscal year.

About DXC Technology

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).