Wealth Enhancement Advisory Services LLC Grows Holdings in DXC Technology (NYSE:DXC)

Wealth Enhancement Advisory Services LLC grew its stake in shares of DXC Technology (NYSE:DXC) by 24.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,519 shares of the company’s stock after acquiring an additional 3,024 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in DXC Technology were worth $322,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its holdings in shares of DXC Technology by 30.4% in the 2nd quarter. Pacer Advisors Inc. now owns 19,240,978 shares of the company’s stock valued at $367,310,000 after buying an additional 4,489,924 shares during the period. American Century Companies Inc. raised its holdings in shares of DXC Technology by 20.8% in the 2nd quarter. American Century Companies Inc. now owns 3,991,295 shares of the company’s stock worth $76,194,000 after purchasing an additional 687,522 shares in the last quarter. LSV Asset Management raised its holdings in shares of DXC Technology by 0.8% in the 2nd quarter. LSV Asset Management now owns 3,436,128 shares of the company’s stock worth $65,596,000 after purchasing an additional 26,186 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of DXC Technology by 1.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 3,184,365 shares of the company’s stock worth $67,615,000 after purchasing an additional 55,467 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of DXC Technology by 11.3% in the 2nd quarter. AQR Capital Management LLC now owns 2,117,753 shares of the company’s stock worth $39,898,000 after purchasing an additional 215,692 shares in the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

DXC Technology Stock Performance

Shares of DXC opened at $21.66 on Monday. The company’s 50 day moving average price is $20.68 and its 200 day moving average price is $19.40. DXC Technology has a 52 week low of $14.78 and a 52 week high of $25.14. The company has a market capitalization of $3.92 billion, a PE ratio of 270.75, a PEG ratio of 1.87 and a beta of 1.67. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.21 and a current ratio of 1.21.

DXC Technology (NYSE:DXC) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.14 billion. Research analysts expect that DXC Technology will post 2.89 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on DXC. JPMorgan Chase & Co. boosted their target price 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. BMO Capital Markets boosted their target price on shares of DXC Technology from $17.50 to $22.00 and gave the stock a “market perform” rating in a report on Friday, August 9th. Susquehanna boosted their target price on shares of DXC Technology from $19.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Royal Bank of Canada lifted their target price on shares of DXC Technology from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.56.

Insider Activity at DXC Technology

In related news, SVP Christopher Anthony Voci sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $21.37, for a total transaction of $53,425.00. Following the transaction, the senior vice president now directly owns 83,746 shares of the company’s stock, valued at approximately $1,789,652.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.54% of the stock is currently owned by insiders.

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).