Victory Capital Management Inc. Buys 15,738 Shares of DXC Technology (NYSE:DXC)

Victory Capital Management Inc. boosted its position in DXC Technology (NYSE:DXC) by 25.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,532 shares of the company’s stock after purchasing an additional 15,738 shares during the quarter. Victory Capital Management Inc.’s holdings in DXC Technology were worth $1,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Mather Group LLC. lifted its position in DXC Technology by 55.0% in the second quarter. Mather Group LLC. now owns 1,637 shares of the company’s stock valued at $35,000 after purchasing an additional 581 shares during the last quarter. Family Firm Inc. purchased a new position in shares of DXC Technology during the second quarter valued at approximately $37,000. Fifth Third Bancorp increased its holdings in DXC Technology by 40.1% during 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 during the last quarter. Quarry LP bought a new position in shares of DXC Technology in the fourth quarter worth about $51,000. Finally, Innealta Capital LLC bought a new position in shares of DXC Technology in the second quarter worth about $96,000. Institutional investors own 96.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. BMO Capital Markets upped their price objective on DXC Technology from $17.50 to $22.00 and gave the company a “market perform” rating in a research report on Friday, August 9th. Royal Bank of Canada increased 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. Susquehanna raised their price objective on DXC Technology from $15.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 12th. Finally, JPMorgan Chase & Co. increased 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. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, DXC Technology presently has a consensus rating of “Hold” and an average price target of $20.30.

Insider Transactions at DXC Technology

In related 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 value of $53,425.00. Following the sale, the senior vice president now directly owns 83,746 shares in the company, valued at approximately $1,789,652.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, 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 completion of the transaction, the executive vice president now owns 325,665 shares of the company’s stock, valued at approximately $6,304,874.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Christopher Anthony Voci sold 2,500 shares of DXC Technology 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 completion of the transaction, the senior vice president now owns 83,746 shares in the company, valued at approximately $1,789,652.02. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

DXC Technology Stock Performance

Shares of DXC opened at $21.03 on Thursday. The company’s 50 day simple moving average is $19.96 and its 200-day simple moving average is $19.43. The firm has a market cap of $3.79 billion, a PE ratio of 56.84, a price-to-earnings-growth ratio of 1.82 and a beta of 1.67. DXC Technology has a 12-month low of $14.78 and a 12-month high of $25.14. 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 released its earnings results on Thursday, August 8th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.17. DXC Technology had a return on equity of 19.20% and a net margin of 0.60%. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.14 billion. As a group, equities analysts predict that DXC Technology will post 2.89 EPS for the current year.

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).